Core Insights - The Chinese renewable energy industry has achieved significant development during the "14th Five-Year Plan" and is entering a new phase of comprehensive market-oriented development in the "15th Five-Year Plan" [1] - The recent release of the "Suggestions" by the Central Committee outlines a clear direction for the development of the new energy system, emphasizing the need to increase the proportion of renewable energy supply and replace fossil energy in a safe and orderly manner [1][2] Group 1: New Energy System Development - The "Suggestions" highlight the need for a new energy system, with a focus on increasing non-fossil energy development, including wind, solar, hydro, and nuclear energy [1][2] - The National Development and Reform Commission has set a quantitative goal that most of the new electricity demand by the end of the "15th Five-Year Plan" will be met by newly added clean energy generation [1] Group 2: Infrastructure and Storage - The development of new energy infrastructure, particularly large-scale energy storage on the grid side, is crucial for supporting the stable operation of the grid and the significant increase in renewable energy [2] - The emphasis on energy storage is expected to have a substantial spillover effect on the development of renewable energy and the country's low-carbon transition [2] Group 3: Wind Power Industry - The wind power sector aims for an annual new installed capacity of no less than 120 million kilowatts during the "15th Five-Year Plan," which represents a doubling of the annual installation target compared to 2020 [2] - The shift in the wind power industry from "scale-driven" to "value-driven" thinking will influence product development, business models, and global operations over the next 5 to 10 years [3] Group 4: Carbon Neutrality and Green Economy - The "Suggestions" also emphasize the importance of achieving carbon peak and implementing a dual control system for total carbon emissions and intensity [3] - The green low-carbon industry in China is currently valued at approximately 11 trillion yuan, with potential for significant growth in the next five years, aiming to establish around 100 national-level zero-carbon parks [3]