Investment Rating - The report maintains a "Strong Buy" rating for the industry, indicating a positive outlook for investment opportunities [1]. Core Insights - The report highlights the expansion of floating offshore wind enterprises and the implementation of mandatory grid connection capabilities for large-scale energy storage in Europe, signaling a shift towards more advanced renewable energy technologies [5][6]. Summary by Sections Wind Power - Recent developments include the commencement of the deep-sea mooring equipment project by Yaxing Anchor Chain, which indicates accelerated commercialization of floating offshore wind [5][10]. - The domestic floating wind turbine prototypes have transitioned to capacities of 20MW and above, with notable projects from State Power Investment Corporation and Mingyang Smart Energy [5][10]. - The UK government has allocated £180 million for floating offshore wind projects, suggesting a robust international market for floating wind technology [5][10]. - The wind power index fell by 6.88%, underperforming the CSI 300 index by 3.11 percentage points, with a current PE_TTM valuation of approximately 24.12 times [4][11]. Photovoltaics - Longi Green Energy has signed an investment agreement for a green methanol project, aiming for completion by Q3 2027, which is expected to diversify its revenue streams amid competitive pressures in the photovoltaic sector [5][6]. - The photovoltaic equipment index decreased by 12.26%, with the current PE_TTM valuation around 44.19 times, reflecting ongoing challenges in the market [4][11]. Energy Storage & Hydrogen - The European Network of Transmission System Operators for Electricity (ENTSO-E) has mandated that large-scale battery storage systems over 1MW must have grid connection capabilities, addressing the declining inertia in the grid due to increased renewable energy penetration [6][10]. - The energy storage index dropped by 11.6%, with a PE_TTM of 29.85 times, while the hydrogen index decreased by 8.24%, with a PE_TTM of 33.36 times [4][11]. - Chinese energy storage companies have secured over 40GWh of orders in Europe, indicating a strong market presence and technological advantage [6][10]. Investment Recommendations - For wind power, companies like Goldwind Technology, Mingyang Smart Energy, and Yunda Co. are recommended due to their stable pricing and expansion into overseas markets [6]. - In photovoltaics, companies such as Dier Laser, Aiko Solar, and Longi Green Energy are highlighted for their potential amidst structural opportunities [6]. - In energy storage, Sunshine Power and Haibo Technology are recommended for their competitive advantages in the global market [6].