Core Viewpoint - The Guangdong Provincial People's Congress has passed the "Regulations on Promoting High-Quality Development of the Marine Economy," which will take effect on July 1, 2025, aiming to address bottlenecks in marine economic development through legal frameworks [1][3]. Legislative Background - The central government has emphasized the importance of marine economic development, with the 20th National Congress highlighting the need to develop marine economies and protect marine ecosystems [3]. - Guangdong, despite being a leading marine economy with a marine production value exceeding 2 trillion yuan in 2024, faces challenges such as uncoordinated industrial development and insufficient technological innovation [3]. Industrial Leap - The regulations focus on building a modern marine industry system, optimizing spatial layout, and promoting coordinated development between land and sea [5]. - Specific measures include the development of marine cities and the optimization of marine economic spatial layout, addressing the imbalance in marine industry development between different regions [5][6]. New Emerging Industries - The regulations encourage the expansion of electronic information enterprises into marine sectors and the development of offshore wind power [6]. - Guangdong aims to foster new industrial clusters worth hundreds of billions, focusing on deep-sea equipment and marine biotechnology [6]. Innovation and Production Capacity - The regulations emphasize strengthening technological innovation and creating a collaborative innovation system involving enterprises, markets, and research institutions [8]. - Key initiatives include establishing high-standard innovation platforms and promoting the aggregation of technological, talent, and financial resources towards marine enterprises [8][9]. Spatial Management - The regulations prioritize resource protection and spatial governance, ensuring a balance between marine development and ecological restoration [11]. - Innovative measures include the introduction of a "coastal line occupation and compensation system" and the implementation of spatial constraints to protect marine ecosystems [12].

Core Viewpoint - China's offshore wind power capacity reached 43.51 million kilowatts by the end of April this year, maintaining the world's largest cumulative installed capacity for four consecutive years, accounting for over 50% of the global total [1] Group 1: Offshore Wind Power Development in Yangjiang - Yangjiang has built and connected over 6 million kilowatts of offshore wind power by the end of last year, representing about half of Guangdong Province's total and ranking second nationwide [2] - Yangjiang's coastal advantages include a long coastline of over 400 kilometers and rich offshore wind resources, with a planned total installed capacity of 20 million kilowatts and an investment of approximately 207 billion yuan [4] - The local government is actively promoting offshore wind power development as part of the national "dual carbon" strategy, aiming to optimize energy structure and foster high-quality marine economic development [4][6] Group 2: Future Projections and Environmental Impact - By 2030, Yangjiang is projected to achieve an offshore wind power capacity of 40 million kilowatts, generating over 100 billion kilowatt-hours of electricity, which is equivalent to about 1/9 of Guangdong's estimated electricity consumption in 2024 [5] - This development is expected to reduce carbon dioxide emissions by 80 million tons annually, highlighting significant environmental benefits [6] Group 3: Industry Ecosystem and Innovation - Yangjiang has established a comprehensive offshore wind power industry chain covering resource development, equipment manufacturing, research and design, testing, certification, and operation services [7] - The city has attracted major companies and developed innovative construction and transmission technologies, setting a benchmark for global marine development [7][9] - Yangjiang aims to become a world-class wind power equipment manufacturing base, targeting an industry chain output value exceeding 200 billion yuan by 2035 [8] Group 4: Trends and Strategic Directions - The offshore wind power industry in China is entering a market-driven phase characterized by large-scale, deep-sea development, and continuous technological upgrades [10] - The industry is encouraged to focus on new floating foundation research, enhance cross-departmental collaboration, and explore integrated uses of marine resources [10] - Yangjiang is positioned as both an industrial hub and an innovation source, leveraging its resource advantages and technological advancements to lead in offshore wind power development [11]

太阳能光伏和风能是可再生能源领域的重要贡献者，分别占2024年总装机容量的56%和33%。亚太地区是这两种能源的最大市场。 1 September 1 17 11 17 全球可再生能源装机容量预计将从2024年的3.42太瓦（TW）到2035年达到11.2太瓦（TW），其中太阳能和风能占主导地位。 根据GlobalData的《可再生能源：战略情报》，这反映了从2024年到2035年的累计年增长率（CAGR）为11%。产能的增加将主要受到成本下降和强有力的 政策支持的推动。 GlobalData指出，全球可再生能源市场从2015年的0.93TW扩大到2024年底的3.42TW，复合年增长率为16%。 展望未来，到2030年，陆上风电行业预计将增长到1869亿美元，海上风电行业将增长到1504亿美元。这些数据表明，陆上风电的复合年增长率为4%，海上 风电的复合年增长率为14%，表明这些可再生能源的增长轨迹强劲。 （素材来自：GlobalData 新能源网综合） 太阳能光伏投资将超过陆上和海上风能行业。 仅在2024年，太阳能就获得了3291亿美元的投资，而陆上风电和海上风电的投资分别为1512亿美元和696亿美元 ...

华源证券近日发布大能源行业2025年第22周周报（20250602）：绿电直供业务已明确直 供线路由非电网企业建设，近期国家以及各地相关政策频出，更大概念上的源网荷储一体化 项目进展有望加快，从而使得用户侧商业模式更加丰富，电力交易、虚拟电厂、微电网等方 向值得关注。此外，类似业务模式主要还是为了提高绿电底层需求，有利于新能源设备行业 长期稳定发展，海上风电作为沿海重要的新能源资源发展有望提速。 以下为研究报告摘要： 投资要点： 事件：国家发改委、能源局发布《关于有序推动绿电直连发展有关事项的通知》（以下 简称《通知》）。 绿电直连有助于绿电经济性和环境价值体现。本次政策针对对单一用户的绿电供给模 式，带来2个明显的好处：（1）可以有效降低企业的用电成本；（2）对于企业碳排放认定 有很大帮助（特别是出口型企业）。我国东南沿海出口型企业密集，绿电是该地区重要的新 能源资源，随着直供模式推广有望带动海上风电产业快速发展。 明确绿电直供在现货连续运行区域可反送电网，提高绿电直供模式经济性。以往源网荷 储一体化项目为了降低公共电网调峰压力，通常对自用电比例都有较高要求且不允许反送电 网。《通知》在要求自用电比例不低于 ...

Core Viewpoint - The latest statistics from the Ministry of Natural Resources indicate that China's marine GDP reached 2.5 trillion yuan in the first quarter of this year, reflecting a year-on-year growth of 5.7%, highlighting the accelerated construction of a modern marine industry system [1] Group 1: Marine Economic Development - China's marine economy has shown significant high-quality development, with the added value of emerging marine industries expected to grow by 7.2% in 2024, surpassing the overall marine GDP growth by 1.3 percentage points [2] - The number of automated container and bulk cargo terminals has reached the highest in the world, with operational efficiency at automated terminals maintaining a global lead [2] - The usage rate of clean energy in international hub ports has exceeded 60%, and the market share for new green ship orders has reached 78.5% [2] Group 2: Policy and Innovation - A joint guideline issued by the Ministry of Natural Resources and five other departments aims to promote the large-scale utilization of marine energy, focusing on resource potential assessment, technological innovation, open cooperation, and policy measures [2] - Guangdong Province has established the Greater Bay Area Marine Energy Innovation Alliance, exploring innovative models for marine energy development [2] Group 3: Technological Innovation - The development plan for marine technology emphasizes addressing real demands, focusing on key areas such as polar energy, bioresource development, clean energy for ports, high-end marine equipment, and marine biomedicine [3] - A mechanism for integrated development of production, education, research, and application is being established to enhance the proportion of marine technology R&D projects in fiscal spending [3] Group 4: Industry Structure - Traditional industries are being upgraded through the integration of digital technologies such as IoT, big data, AI, and virtual simulation, particularly in marine oil and gas, shipbuilding, transportation, and fisheries [3] - The development of strategic and leading emerging industries is being promoted, including offshore wind power, deep-sea engineering equipment manufacturing, marine pharmaceuticals, and new marine materials [3] Group 5: Talent Development - Strengthening the talent cultivation and recruitment mechanism in marine sectors, implementing interdisciplinary training plans, and collaborating with national laboratories and leading tech enterprises to develop marine technology experts [4] - International cooperation is being enhanced through the establishment of overseas educational institutions and joint research efforts, with a focus on attracting marine technology innovation talents and seafarers [4]

Core Points - The "Hundred Counties, Thousand Towns, and Ten Thousand Villages High-Quality Development Project" has been emphasized as a key initiative to enhance rural development and promote coordinated urban-rural growth in Guangdong [1] - The project aims to achieve significant results by 2025, marking a critical year for its implementation [1] County Industry - The project has led to differentiated and specialized development of county industries, with 57 counties experiencing economic growth rates surpassing the provincial average in 2024 [2] - Notable achievements include the establishment of leading enterprises and specialized industrial parks, with the automotive and electronic information sectors showing significant growth [2] Agricultural Development - Guangdong has developed 22 national modern agricultural industrial parks and 84 strong agricultural towns, focusing on promoting local specialties and enhancing brand recognition [3] - Collaboration with major retail companies has facilitated the entry of local agricultural products into markets in Hong Kong and Macau [3] New Urbanization - The project has successfully reversed population outflow trends, with 57 counties experiencing net population inflows and 124 towns recognized as national strong towns [5] - Infrastructure improvements and the establishment of quality medical and educational institutions in county towns have contributed to attracting and retaining residents [6] Landscape Improvement - The project has significantly enhanced the rural landscape, with various towns implementing successful beautification initiatives [9] - Examples include the creation of tourism corridors and the transformation of abandoned properties into community resources [9] Integrated Reform - The project has driven systemic reforms across various sectors, including county management and agricultural development, leading to the establishment of over 300 "strong village companies" [11] - Innovative land use reforms have been implemented to address housing needs and optimize land allocation [13]

Core Insights - As of the end of April, China's offshore wind power installed capacity reached 43.51 million kilowatts, maintaining the world's largest share at over 50% of the global total [1][2] - Guangdong Province's offshore wind power capacity has surpassed 12.5 million kilowatts, with Yangjiang City contributing 6 million kilowatts, ranking second nationally [2] Industry Developments - Significant breakthroughs in offshore wind power technology have been achieved, including the launch of a domestic 26-megawatt offshore wind turbine model and advancements in subsea flexible direct current transmission and deep-sea booster station technologies [2] - A number of floating offshore wind turbine units have been constructed and are now operational [2] Future Projections - By 2030, Yangjiang is projected to reach an offshore wind power capacity of 40 million kilowatts, generating over 100 billion kilowatt-hours of electricity, which would account for approximately one-ninth of Guangdong's estimated electricity consumption in 2024 [2] - This development is expected to reduce carbon dioxide emissions by 80 million tons annually, highlighting significant environmental benefits [2] Market Trends - The offshore wind power sector in China is entering a phase of market competition, characterized by accelerated deep-sea development, continuous technological upgrades, and multi-industry integration [2] - The industry faces challenges such as complex construction conditions and increased technical difficulties, necessitating a focus on innovative floating foundation research and development, as well as improved policy incentives and collaborative mechanisms [2]

Group 1 - Japan is considering offering better conditions to developers for constructing large offshore wind farms to revive its energy ambitions amid global project delays and cost surges [1] - The government aims to achieve 45 GW of offshore wind capacity by 2040, which is crucial for reducing reliance on imported coal and natural gas, cutting carbon emissions, and enhancing national security [1] - After three rounds of large-scale capacity bidding, the offshore wind plans have stalled, with Mitsubishi warning of cost increases and not starting any projects yet [1] Group 2 - Potential changes being considered include extending project durations from 30 to 40 years and clarifying coastal navigation laws to allow non-Japanese flagged vessels in offshore wind areas [2] - The offshore wind industry is advocating for tax breaks or subsidies for large industrial users in exchange for long-term wind power purchase agreements, although this proposal is unlikely due to existing government support for households [2] - Japan has auctioned about one-tenth of its target offshore wind capacity, and the Ministry of Economy, Trade and Industry acknowledges that renewable energy may not meet targets, potentially increasing LNG imports by over 10% by 2040 [2]

Core Viewpoint - The Hai Ling Dao International Wind Energy Conference 2025 aims to enhance offshore wind power ecology and establish an international green energy capital, gathering top experts and industry leaders to discuss innovation and collaboration in the offshore wind energy sector [1][2]. Group 1: Conference Highlights - The conference features keynote speeches from prominent experts, including academicians from Chinese engineering and marine research institutions [1]. - A series of reports and publications were released, including "Here is Yangjiang, an Emerging International Wind Power City" and a report on strengthening global offshore wind power supply chain cooperation [1]. - The establishment of the Guangdong (Yangjiang) Green Energy Demonstration Industrial Park and the Guangdong (Yangjiang) Wind Power Industry Alliance was announced, along with the unveiling of the Guangdong Silk Road Offshore Wind Power Operation and Maintenance Company [1]. Group 2: Yangjiang's Development in Offshore Wind Power - Yangjiang has made significant strides towards becoming an international "green energy capital," focusing on large-scale and clustered development of offshore wind power [2]. - The city has established a total planned installed capacity of 20 million kilowatts for offshore wind power, with over 6 million kilowatts already connected to the grid, accounting for 50% of the province's capacity and ranking second nationally [2]. - By 2026, Yangjiang's offshore wind power grid-connected total installed capacity is expected to exceed 13 million kilowatts, potentially becoming the first offshore wind power base in the country to surpass 10 million kilowatts, providing clean electricity for 10 million households in the Greater Bay Area annually [2].

Core Insights - The Hai Ling Island International Wind Energy Conference was held in Yangjiang, Guangdong, focusing on offshore wind power applications, technological innovation, green energy industry, and zero-carbon economy development [1][3] - Yangjiang has established a total installed capacity of 6 million kilowatts for offshore wind power, ranking second in China and significantly contributing to Guangdong's energy landscape [1][3] - As of April 2023, China's cumulative installed offshore wind power capacity reached 43.51 million kilowatts, accounting for over half of the global total [3] Group 1 - Yangjiang is positioned as a leader in the offshore wind power industry, having built a comprehensive industrial chain that includes resource development, equipment manufacturing, research and design, testing, operation management, and integrated services [1][3] - The high-quality development of the offshore wind power industry requires breakthroughs in materials, structures, and operations, emphasizing the need for a reliable lifecycle assurance system [3] - The Guangdong power grid is committed to creating a new power system that facilitates the full consumption of offshore wind power across provinces, aiming to build an "electricity highway" for industry development [4] Group 2 - The conference included the inauguration of the Guangdong (Yangjiang) Green Energy Demonstration Industrial Park and the establishment of the Guangdong (Yangjiang) Wind Power Industry Alliance [5] - China Huadian Group plans to enhance its investment and industrial layout in offshore wind power, focusing on comprehensive development and integration with the marine economy [3]