（来源：千龙网） 1月7日，由国家能源局印发的《可再生能源绿色电力证书管理实施细则（试行）》（以下简称《实施细 则》）公布。《实施细则》自印发之日起实施，有效期3年，其旨在规范可再生能源绿色电力证书（以 下简称"绿证"）全生命周期管理，促进绿证市场高质量发展。 在绿证核发方面，《实施细则》明确，绿证核发机构依托国家绿证核发交易系统按月对可再生能源电量 核发绿证，每1000千瓦时可再生能源电量核发1个绿证，不足核发1个绿证的当月电量结转至次月。 此外，绿证核发机构根据不同发电类型核发绿证。对风力发电、太阳能发电、生物质发电、地热能发 电、海洋能发电等可再生能源发电项目上网电量，以及2023年1月1日（含）以后新投产的完全市场化常 规水电机组上网电量，核发可交易绿证。对项目自发自用电量、离网型可再生能源发电电量和2023年1 月1日（不含）之前投产的常规水电机组上网电量，核发不可交易绿证。独立储能设施放电电量不核发 绿证。 上述有关负责人表示，国家能源局将持续推进国家绿证核发交易系统优化升级，加强系统功能建设和跨 平台交互效率，在绿证核发全覆盖、绿证市场高质量发展新形势下，着力保障海量核发、交易、划转数 据高效处 ...

Investment Rating - The report maintains a positive investment outlook for the renewable energy sector, particularly in solar and wind energy, highlighting strong demand and growth potential in both domestic and international markets [4][9][39]. Core Insights - The domestic solar installation in January-February 2025 reached 39.5GW, with an expected annual increase of 28% in total installations for 2024 [4][5][9]. - Global solar installation is projected to reach between 531GW and 583GW in 2025, with optimistic growth estimates of over 10% [28][39]. - The supply chain is showing signs of recovery, with prices stabilizing and a slight rebound in production across various segments, including polysilicon and solar modules [41][49]. Summary by Sections Domestic Market - In the first two months of 2025, China added 39.5GW of solar capacity, maintaining stable growth, with a total expected installation of 215-255GW for the year [4][6][9]. - The National Development and Reform Commission and the National Energy Administration have initiated reforms to enhance market-driven pricing for renewable energy [10][15]. International Market - The global demand for solar energy is steadily increasing, with significant installation plans underway in emerging markets such as Latin America and the Middle East [18][28]. - In January 2025, India added 2.47GW of solar capacity, marking a year-on-year increase of 149.49% [31][34]. Supply Chain Dynamics - The polysilicon production in February 2025 was approximately 9.23 million tons, with prices remaining stable as manufacturers adopt a cautious approach [49]. - The solar module market is experiencing a surge in demand due to distributed generation projects, leading to a price increase of 5.8% month-on-month for certain module types [4][41]. Investment Recommendations - The report suggests focusing on high-growth areas such as inverter and racking systems, as well as leading solar manufacturers with cost advantages and strong distribution channels [4][39]. - Key players in the wind energy sector are also highlighted, particularly those involved in offshore wind projects and related supply chains [4][39].