Group 1 - The core viewpoint of the articles emphasizes the importance of market reforms in promoting the high-quality development of renewable energy in Fujian Province, particularly through the establishment of a green electricity trading mechanism [1] - The implementation of the new pricing mechanism for renewable energy is expected to facilitate the direct connection of green electricity projects, such as waste-to-energy and data centers, enhancing the stability of supply and encouraging project development [1] - The acceleration of subsidy payments by "two networks" companies since July 2025 is anticipated to improve the cash flow situation for green electricity companies, potentially leading to a more rational capital expenditure approach and better free cash flow [1] Group 2 - The narrowing supply-demand gap for green certificates is expected to lead to an increase in the environmental value coverage of green electricity, with a supply contraction anticipated in 2024 and 2025 [2] - The price of green certificates is projected to rise, further enhancing the environmental value of green electricity, especially as major energy-consuming sectors face green electricity consumption ratio assessments starting in 2026 [2]