2024年，海南省清洁能源装机比重达到83.6%，能源转型走在全国前列。从海上风电到光伏发电， 从核电发展到智能电网建设，海南以实际行动诠释着中国特色自由贸易港建设与生态文明建设相得益彰 的发展理念，为及早实现"双碳"目标积累先发优势。 海上风电跃升：打造千万千瓦级清洁能源基地 2024年12月27日，海南省首个海上风电项目——华能临高CZ1海上风电项目并网发出第一度海上绿 电，标志着海南清洁能源发展翻开崭新一页。这座位于临高县西北部海域的风电场，装备了60台单机容 量为10兆瓦的风力发电机组，每台机组在额定风速下每小时可生产1万度电。 海南岛沿海地带蕴藏丰富的风能资源。据规划，"十四五"期间，海南省在临高、儋州、东方、乐 东、万宁等沿海市县建设11个海上风电场，总装机容量达1230万千瓦。 伴着华能临高CZ1海上风电项目的并网发电，这一规划加速落地。在儋州北面海域，申能海南CZ2 海上风电示范项目和大唐CZ3海上风电示范项目加紧建设，力争早日实现并网发电。其中，CZ2项目今 年2月顺利完成最后一台风机安装，预计全容量投产后，每年可向电网输送清洁电能38.2亿千瓦时，折 合节约标煤115万吨，削减氮氧化物约1 ...

"福建是东部沿海清洁能源资源最丰富的省份，具备打造清洁能源大枢纽的优越条件。"国网福建电力有 限公司发展部主网规划处处长杨晓东说。福建拥有风、光、水、气、核等多种清洁能源，核电在建规模 居全国首位，海上风电资源理论蕴藏量超过1亿千瓦，屋顶分布式光伏发电可开发容量超过2730万千 瓦，资源禀赋突出。 记者在福建宁德、平潭、莆田等地看到，群山之间，抽水蓄能电站水流澎湃、机器轰鸣，电能在"抽 水"和"放水"的反复循环间存储；工业园区内，大型储能基地尽是精密排列的电池阵列；海面上，一座 座白色风机与连片的光伏板交相辉映……从山区到海域，从城市到海岛，不同形态的清洁能源项目正在 高效运转。 "霞浦西洋岛是福建省人口最多的远海岛屿，岛上建设的'风光储'微电网项目不仅满足了全岛用电需 求，每年过半的富余电量还送陆地电网。"国网霞浦县供电公司海岛供电服务站站长林章武说。 国网福建电力有限公司数据显示，截至2025年底，福建全省并网电源装机容量达10049万千瓦。其中， 清洁能源装机占比达65.8%。 福建清洁能源大规模开发后，在满足本省需求的同时，还可通过联网工程实现能源跨省调配。 ● 新华社记者 周义 吴剑锋 漳州核电2号 ...

集团将继续积极协调各方资源力量，加强项目的安全、质量、进度、投资等方面的控制和管理，推进惠 州1号及2号机组工程建设的顺利进行。 中广核电力(01816)发布公告，中广核惠州核电有限公司为公司的附属公司，其拥有的惠州1号及2号机 组均采用华龙一号技术，分别于2019年12月26日及2020年10月15日进行核反应堆主厂房第一罐混凝土浇 筑(FCD)，开始全面建设，原定预期投入运行日期分别为2025年下半年及2026年上半年。集团近日对惠 州1号及2号机组建设完成了整体评估，为实现机组高质量投产，保障机组投产后的安全稳定运行，经过 审慎考虑，决定对机组建设计划进行调整，惠州1号及2号机组预计投入运行时间分别调整为2026年上半 年及2026年下半年。截至本公告日期，惠州1号及2号机组均处于调试阶段。 ...

Core Viewpoint - The Shandong Zhaoyuan Nuclear Power Project by China General Nuclear Power Group (CGN) has officially commenced with the successful completion of the first concrete pouring for the nuclear island of Unit 1, marking the full launch of the project's first phase [1] Group 1: Project Overview - The Shandong Zhaoyuan Nuclear Power Project is located in Zhangxing Town, Zhaoyuan City, Yantai, and is CGN's tenth nuclear power base in China, planning to build six units using the domestically developed third-generation nuclear technology "Hualong One" [1] - The first phase includes Units 1 and 2, each with a capacity of 1214 megawatts [1] - Upon completion of all six units, the project is expected to generate an annual electricity output of 50 billion kilowatt-hours, sufficient to meet the annual electricity needs of approximately 5 million people, while reducing standard coal consumption by about 15.27 million tons and CO2 emissions by approximately 46.2 million tons [1] Group 2: Comprehensive Utilization of Nuclear Energy - The project is actively planning for comprehensive utilization of nuclear energy, integrating into the clean heating network of the Jiaodong Peninsula in Shandong Province [2] - The nuclear heating system is designed to provide up to 1000 tons of steam per hour per unit, covering a heating area of over 15 million square meters, including Zhaoyuan City and surrounding counties [2] - Future expansions will include industrial steam, nuclear hydrogen production, and seawater desalination, contributing to regional green and low-carbon development [2] Group 3: Innovative Construction Techniques - The construction team is implementing a "one machine, one strategy" approach, planning 36 advanced construction technology solutions to enhance construction quality and efficiency [3] - Digital applications such as smart construction sites, digital sandboxes, and wireless temperature monitoring are being utilized for real-time monitoring and quality management [3] - The project employs an integrated intelligent template processing system for automated and intelligent production, significantly improving construction efficiency and quality [3] Group 4: Strategic Importance - This project is a key initiative for CGN to integrate into Shandong's energy development plan and to build a clean energy industry cluster that combines nuclear, wind, and storage [3] - It aims to support Shandong's green and low-carbon transition and contribute to high-quality economic and social development [3]

Core Viewpoint - China Life Asset Management Co., Ltd. has established the Tianwan Fund in collaboration with China National Nuclear Corporation to invest in nuclear power projects, which is crucial for optimizing energy structure and achieving carbon neutrality goals [1][2] Group 1: Investment Details - The Tianwan Fund is a limited partnership fund initiated by China Life Asset as the sole financial LP, focusing on investments in China National Nuclear Corporation's projects [1] - The fund's first investment will support the construction of Units 7 and 8 of the Tianwan Nuclear Power Plant and the first phase of the Xuwei Nuclear Heating Project [1] - The investment period for the Tianwan Fund is set for 10 years, tailored to meet the capital needs of nuclear power project construction and operation [2] Group 2: Technological Significance - The Xuwei Phase I project is notable for being the world's first demonstration project combining a third-generation pressurized water reactor and a fourth-generation high-temperature gas-cooled reactor [1] - The "Hualong One" reactor is highlighted as a key model for China's nuclear power development and a symbol of its global nuclear presence [1] - The high-temperature gas-cooled reactor is recognized as part of a major national science and technology initiative [1] Group 3: Strategic Implications - The investment in the Tianwan Fund represents a practical step by China Life Asset to support green finance and the transition to a low-carbon economy [2] - The company aims to leverage its long-term capital advantages to innovate equity investment methodologies and explore stable return opportunities in infrastructure sectors such as nuclear power, hydropower, and offshore wind [2] - Future plans include continuous exploration of innovative equity investment practices based on the Tianwan Fund's experience to enhance the effectiveness of insurance capital in serving the real economy [2]

Core Viewpoint - The completion of the thermal performance test for the Zhejiang San'ao Nuclear Power Unit 1 marks a significant milestone for the first "Hualong One" project in the Yangtze River Delta, laying the groundwork for subsequent operations and commercial power generation [1] Group 1: Project Overview - The San'ao Nuclear Power Project is located in Cangnan County, Wenzhou City, Zhejiang Province, and is the first "Hualong One" nuclear power project in the Yangtze River Delta [1] - The project plans to construct a total of 6 "Hualong One" units, which will provide over 54 billion kilowatt-hours of clean energy annually for Zhejiang Province and the Yangtze River Delta region upon full operation [1] Group 2: Environmental Impact - Once fully operational, the San'ao Nuclear Power Project is expected to reduce standard coal consumption by over 16 million tons annually and decrease carbon dioxide emissions by over 44 million tons [1] - The environmental benefits are equivalent to afforesting approximately 110,000 hectares [1]

Core Viewpoint - The completion of the thermal performance test for the Zhejiang San'ao Nuclear Power Unit 1 marks a significant milestone for the first "Hualong One" project in the Yangtze River Delta, laying the groundwork for subsequent reactor fuel loading and commercial operation [1] Group 1: Project Details - The thermal performance test, known as "hot test," aims to comprehensively verify the reliability of the nuclear island and conventional island equipment and systems under simulated operational conditions before the loading of nuclear fuel [1] - The San'ao Nuclear Power Project is located in Cangnan County, Wenzhou City, Zhejiang Province, and plans to construct six "Hualong One" units [1] Group 2: Environmental Impact - Once all units are operational, the project is expected to provide over 54 billion kilowatt-hours of clean energy annually to Zhejiang Province and the Yangtze River Delta region, which is nearly equivalent to the total electricity consumption of Wenzhou City in 2023 [1] - The project will reduce coal consumption by over 16 million tons and decrease carbon dioxide emissions by over 44 million tons each year, equivalent to afforesting 110,000 hectares [1]

Core Viewpoint - The construction of the first phase of the Huaneng Shidao Bay Nuclear Power Base expansion has officially commenced, marking a significant step in advancing China's nuclear power capabilities [1] Group 1: Project Details - The construction of Unit 2 of the Huaneng Shidao Bay Nuclear Power Base expansion project began on May 7, indicating the project has entered a full construction phase [1] - The expansion project will utilize the domestically developed third-generation nuclear power technology "Hualong One," with a single unit capacity of 1.2 million kilowatts [1] - Upon completion, the annual electricity generation capacity of the new unit is expected to reach 10 billion kilowatt-hours [1] Group 2: Technological Significance - Huaneng Shidao Bay Nuclear Power Base is the first large-scale nuclear power base in China to simultaneously apply both domestically developed third and fourth-generation nuclear technologies [1] - The first unit of the expansion project has already commenced construction in July 2024 [1]

Group 1 - The approval of 10 new nuclear power units reflects China's support and confidence in the nuclear power sector, indicating a growing importance of nuclear energy in the country's energy structure [1][2] - The new projects, which include five nuclear power projects with a total of 10 units, are expected to drive over 200 billion yuan in investments, showcasing the potential for industry growth [2][4] - China has maintained a consistent approval pace for nuclear power projects, approving 10 or more units annually for four consecutive years, which is expected to have a strong positive impact on the national economy [4] Group 2 - China's nuclear power capacity and generation continue to grow, with the country holding the largest operational and under-construction nuclear power capacity globally, totaling 60.96 million kilowatts [3] - The global natural uranium supply is facing a significant gap, with 2022 production at 49,355 tons and demand at 65,651 tons, indicating a long-term upward trend in uranium prices due to increasing demand from the nuclear sector [5]

点击注册小程序 查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 报告摘要 事件： 4月27日，经国务院常务会议审议，决定核准三门核电三期工程等5个核电项目，合计10台机组 。 真实能量，预计在2027年底建成。 （ 3）下一代"人造太阳"——中国聚变工程示范堆（ CFEDR）正在开 展工程设计，未来将瞄准建设世界首个聚变示范电站。 风险分析： 项目建设进度不及预期、 政策变化致项目核准进度不及预期 、 原材料价格上涨风险。 发布日期： 2025-04-28 免责声明 本订阅号是光大证券股份有限公司研究所（以下简称"光大证券研究所"）依法设立、独立 我国核电项目审批已经进入规模化核准阶段 根据《中国能源报》内容，此次核准的 5个核电机组具体为中核三门核电5、6号机组、中广核广西防城港 核电5、6号机组 ...