经济观察网据重庆市发展改革委网站消息，重庆市能源局、国家能源局华中监管局印发《重庆市分布式 光伏发电开发建设管理实施细则》。文件明确，采用自发自用余电上网的一般工商业分布式光伏发电项 目，根据市内电力负荷分布确定不同自发自用电量比例，其中：主城都市区22个区县辖区内的项目年自 发自用电量占发电量的比例原则上不低于20%，其余区县年自发自用电量占发电量的比例原则上不低于 40%，超出比例限制的发电量原则上由项目投资主体自行通过市场化方式消纳。特殊情况需由重庆市能 源局会同电网企业研究确认。(编辑刘睿) ...

Core Viewpoint - The completion of the largest photovoltaic power station in the Taklamakan Desert, the Tayu Qiemu Photovoltaic Power Station, marks a significant advancement in developing clean energy in ecologically fragile areas of China [1] Group 1: Project Overview - The Tayu Qiemu Photovoltaic Power Station has generated over 300 million kilowatt-hours of green electricity [1] - It is the first large-scale centralized photovoltaic power station built in the center of a shifting desert in China, covering an area of 3,916 acres and consisting of nearly 260,000 solar panels [1] - The power station is equipped with a 10 megawatt energy storage system [1] Group 2: Additional Developments - The Tarim Oilfield has established five centralized photovoltaic power stations in the Taklamakan Desert, including Weili, Qiemu, Yecheng, Jiashi, and Shangku, with a total installed capacity of 2.6 million kilowatts [1] - These photovoltaic stations have collectively generated over 2 billion kilowatt-hours of green electricity, with a maximum daily power generation of 5 million kilowatt-hours [1]

Investment Rating - The report maintains an "Outperform" rating for the industry, indicating expectations for the sector to perform better than the market in the next six months [4][61]. Core Insights - The report highlights that the public utility sector index has decreased by 1.84%, underperforming compared to major indices such as the Shanghai Composite and CSI 300 [2][13]. - Key developments include the release of the "136 Document" in Ningxia, which outlines pricing mechanisms for renewable energy, and adjustments to coal power capacity pricing in Guangdong [3][38]. - The report suggests that the long-term demand for thermal power remains stable, with coal prices expected to stabilize or decline, supporting profit margins for thermal power companies [7]. Summary by Sections Market Performance - The public utility sector index's PE (TTM) is reported at 18.42, down from 18.77 the previous week, while the PB is at 1.51, down from 1.54 [1][22][26]. - The sector's performance ranks 13th among 31 sectors, with specific declines noted in various sub-sectors such as thermal and hydropower [2][13]. Industry Dynamics - Recent regulatory changes in Shandong and Ningxia are expected to impact pricing and market participation for renewable energy projects [3][35][38]. - The report tracks coal prices, noting a slight increase in the price of Shanxi mixed coal to 649 RMB/ton, with other regional prices also rising [3][40]. Key Data Tracking - The report provides data on green certificate trading, with a total of 4.31 and 11.39 thousand transactions for wind and solar power respectively during the week [6][44]. - CEA trading volumes for the week were reported at 31.02, 65.80, 33.33, 66.70, and 52.27 thousand tons, with average prices fluctuating around 71.89 to 74.78 RMB/ton [6][46].

Core Viewpoint - The establishment of two significant energy storage projects in Jiangxi Province, with a total investment of 17 billion yuan, highlights the growing focus on energy storage solutions in the region and the strategic importance of companies like Jiangxi Tihang Technology and JinkoSolar in the renewable energy sector [2][3]. Group 1: Project Overview - Jiangxi Tihang Technology and JinkoSolar are investing 8.5 billion yuan each to build 300MW/600MWh independent and shared energy storage projects in Shangrao, Jiangxi [2]. - Upon completion, both projects are expected to achieve an annual charge and discharge capacity exceeding 180 million kWh and generate over 150 million yuan in annual output value [3]. Group 2: Company Profiles - Jiangxi Tihang Technology, established in December 2020, is a wholly-owned subsidiary of Jiangxi Railway Aviation Investment Group, which was founded in November 2006 with a registered capital of 20.264 billion yuan [3]. - JinkoSolar, founded in July 2011 and listed on the Shanghai Stock Exchange in May 2020, focuses on the downstream solar power industry, including photovoltaic power station development and comprehensive energy services [3]. Group 3: Strategic Importance - Energy storage is a core strategic focus for JinkoSolar by 2025, with the company actively expanding its energy storage business across various application scenarios [3]. - As of the end of 2024, JinkoSolar plans to have an independent energy storage capacity of 298MWh, with additional planned capacities in both grid-side and user-side storage [3].

Group 1 - The company has received a total of 627 million yuan in renewable energy subsidy funds from January 1, 2025, to July 31, 2025, of which 572 million yuan is from the national renewable energy subsidy [1] - The recovery of these subsidy funds will improve the cash flow of the company's photovoltaic power stations and have a positive impact on future operations [1] - The subsidy funds have been recognized as revenue in the corresponding fiscal year upon electricity sales, and this repayment will not have a significant impact on the company's profit and loss for 2025 [1]

Core Viewpoint - The company announced that its photovoltaic power generation project companies received a total of 627 million yuan in renewable energy subsidy funds from January 1, 2025, to July 31, 2025, including 572 million yuan from national renewable energy subsidies [1] Summary by Category - **Subsidy Amounts** - The total renewable energy subsidy funds received by the company's photovoltaic power generation project companies is 627 million yuan [1] - The national renewable energy subsidy funds amount to 572 million yuan [1]

Group 1 - The 100% equity of Linyi Hangu Photovoltaic Power Generation Co., Ltd. has been transferred with a base price of 7.2577 million yuan [1] - The transferor is Shandong Geological Mining New Energy Co., Ltd. [1] - Linyi Hangu Photovoltaic Power Generation Co., Ltd. was established in April 2016, with a registered capital of 20 million yuan [1] Group 2 - The company is primarily engaged in the design, development, procurement, installation, commissioning, and operation of solar power generation systems [1] - The company also focuses on the construction and operation of solar power generation projects, as well as electricity generation and sales [1]

Core Viewpoint - The company announced that its photovoltaic power generation projects will receive a total of 627 million yuan in renewable energy subsidy funds from January 1, 2025, to July 31, 2025, including 572 million yuan from national renewable energy subsidies [1] Summary by Category - **Subsidy Amounts** - The total renewable energy subsidy funds received by the company's photovoltaic power generation projects amount to 627 million yuan [1] - Among these, the national renewable energy subsidy funds constitute 572 million yuan [1]

Core Viewpoint - The company announced that its subsidiary photovoltaic power generation project received a total of 627 million yuan in renewable energy subsidy funds from January 1 to July 31, 2025, which will positively impact the cash flow of its photovoltaic power stations [1] Group 1 - The renewable energy subsidy includes 572 million yuan from the national renewable energy subsidy fund [1] - The recovery of this subsidy will improve the cash flow of the company's photovoltaic power stations [1] - The repayment will not have a significant impact on the company's profit and loss for the fiscal year 2025 [1]

Core Insights - The article highlights the proactive measures taken by the Xiaoyi Power Supply Company to ensure the efficient and stable operation of distributed photovoltaic projects, emphasizing the importance of green energy development [1] Group 1: Service Initiatives - The Xiaoyi Power Supply Company has deployed a service team to conduct comprehensive inspections of photovoltaic equipment, addressing potential issues to ensure reliable power generation [1] - The company is focused on enhancing user awareness of distributed photovoltaic policies and maintenance practices, thereby improving user safety and operational capabilities [1] Group 2: Future Plans - The company plans to continue its service initiatives by implementing follow-up services, on-site inspections, and optimal connection planning to provide high-quality and efficient services to users [1] - These efforts are aimed at contributing to the region's transition towards a greener and low-carbon economy [1]