国际可再生能源署报告： 可再生能源已成最廉价电力来源！ 【Sustainability Mag网 8月13日报道】 国际可再生能源署(IRENA)(以下简称能源署)报告显示，2024年可再生能源增长创纪录，成为了世界上最廉价的电力来源，避免了4670亿美元化石燃料的 使用。 能源署发布的《2024年可再生能源发电成本》(RPGC)显示，2024年是可再生能源行业有史以来的表现最突出的一年。 随着全球能源体系向低碳电力转型，不断有事实表明，可再生能源不仅在环境保护方面至关重要，经济性上也优于化石燃料。 报告指出，技术进步、竞争力强劲的供应链、规模效应使得可再生能源的应用达到了前所未有的规模。 同时，电池储能技术等互补技术的创新，也不断提升着清洁电力的经济性。 装机容量增长创纪录 2024年，全球新增可再生能源装机容量达到582吉瓦，相比2023年增长了19.8%，创下年度增幅历史新高。 能源署数据显示，这一激增主要源于光伏和陆上风电的快速扩张，成熟、高效的供应链和强有力的政策框架也为其提供了支持。报告还显示，太阳能和风 能等波动性可再生能源技术占新增装机容量的主体。 "全球能源体系正在经历深刻转型，可再生能源在 ...

Core Insights - The total investment in key energy projects in China exceeded 1.5 trillion yuan in the first half of the year, marking a year-on-year increase of 21.6% [3] - Investment in renewable energy generation continues to grow rapidly, with significant increases in onshore wind and solar energy investments [3] - Private enterprises are increasingly investing in the energy sector, with a year-on-year growth of 27.8% in investment [3] Investment Growth - Investment in renewable energy generation saw substantial growth, with onshore wind investment in Guangxi and Xinjiang doubling compared to the same period last year [3] - Centralized solar power investment increased by 24.5%, while distributed solar power investment grew by over 70% [3] - Investment in solar thermal power nearly doubled compared to last year [3] Power Supply Investment - Investment in coal and nuclear power sectors maintained rapid growth, with key coal power projects in East China, Central China, and Western Inner Mongolia being completed [3] - Investments in power grids and pumped storage also showed steady growth [3] New Energy Investment - Investment in hydrogen energy projects doubled in the first half of the year, with multiple green hydrogen projects in Jilin accelerating [3] - Investment in charging and swapping infrastructure grew by nearly 70% [3] - New energy storage and integrated source-grid-load-storage projects saw investment growth of over 30% [3] Private Sector Involvement - Private enterprises completed investments in the energy sector with a year-on-year increase of 27.8% [3] - Investments in distributed solar and onshore wind by private companies grew by over 40% [3] - Investment in charging and swapping infrastructure and centralized solar power by private enterprises increased by around 15% [3]

Core Viewpoint - The National Energy Administration reported significant growth in energy infrastructure investment in China during the first half of the year, with a total investment exceeding 1.5 trillion yuan, marking a year-on-year increase of 21.6% [1] Investment in Energy Infrastructure - Investment in key energy projects under construction and planned for this year surpassed 1.5 trillion yuan, with growth rates exceeding 20% in eastern, central, and western regions [1] - Private enterprise investment continues to grow rapidly, with new energy investments increasingly focusing on green and innovative projects [1] Renewable Energy Investment - Investment in renewable energy generation has seen rapid growth, with land-based wind power investments in Guangxi and Xinjiang doubling compared to the same period last year [1] - Offshore wind power investments in Guangdong, Fujian, and Shanghai have been significantly released [1] - Centralized photovoltaic investments increased by 24.5% year-on-year, while distributed photovoltaic investments grew by over 70%, particularly in the eastern and central regions [1] - Investment in solar thermal power nearly doubled compared to the previous year [1] Power Supply Security Investment - Investment in coal and nuclear power sectors has maintained rapid growth, with key coal power projects in East China, Central China, and Inner Mongolia being completed to ensure summer power supply [1] - Investments in power grids and pumped storage have steadily increased, with over 160 key summer power supply grid projects completed on schedule [1] - Multiple ultra-high voltage direct current projects have been put into operation, and the Sichuan Panzhixi power grid optimization project has been fully completed [1] - Inter-provincial connection projects in North China, East China, Northwest, and Northeast regions are accelerating their preliminary work [1]

Core Viewpoint - The investment in key energy projects in China has significantly increased in the first half of the year, with a total investment exceeding 1.5 trillion RMB, marking a year-on-year growth of 21.6% across various regions [2]. Group 1: Investment Growth in Renewable Energy - The investment in new energy generation has maintained rapid growth, with land-based wind power investments in Guangxi and Xinjiang doubling compared to the same period last year [2]. - Offshore wind power investments in Guangdong, Fujian, and Shanghai have seen concentrated releases [2]. - Centralized photovoltaic investments have grown by 24.5% year-on-year, while distributed photovoltaic investments have surged over 70% [2]. - Solar thermal power investments have nearly doubled compared to last year [2]. Group 2: Emerging Energy Investment - Investment in hydrogen energy projects has also doubled, with multiple green hydrogen projects in Jilin Province advancing rapidly [2]. - Investment in charging and swapping infrastructure has increased by nearly 70%, with nine pilot cities accelerating the construction of intelligent charging and swapping facilities [2]. - New energy storage and integrated source-grid-load-storage investments have each grown by over 30% [2]. Group 3: Private Sector Investment - Investment from private enterprises in the energy sector has grown by 27.8% year-on-year [3]. - Private enterprises have accelerated investments in distributed photovoltaic and land-based wind power, with growth rates exceeding 40% [3]. - Investments in charging and swapping infrastructure and centralized photovoltaic projects have maintained a growth rate of around 15% [3].

Summary of Conference Call on Guangdong's 136 Document Industry Overview - The conference call focused on the Guangdong electricity market and the implications of the recently released 136 Document, which outlines policies for renewable energy projects in the region [1][2]. Key Points and Arguments 1. **Flagship Pricing and Volume**: The flagship pricing and volume can be seen as a form of off-market subsidy, distinguishing it from on-market contracts [2]. 2. **Project Execution Terms**: The execution terms for existing and new projects are aligned with current policies, with specific durations set for offshore projects (14 years) and other new projects (12 years) [3]. 3. **Electricity Submission Requirements**: Participants must submit a percentage of their installed capacity based on historical utilization hours, with a maximum submission cap of 90% [4][27]. 4. **Market Participation**: The document emphasizes that if a project does not meet certain criteria (observable, measurable, adjustable, controllable), it may lose its eligibility to participate in bidding [7][8]. 5. **Settlement Rules**: The settlement rules for bidding outcomes are complex, involving calculations based on actual electricity generation and adjustments for green electricity trading [9][10]. 6. **Differences with Shandong**: Guangdong's approach requires all electricity to participate in daily submissions, contrasting with Shandong's model, which does not require such participation [12][13]. 7. **Regional Market Development**: The long-term goal is to establish a unified regional electricity market involving Guangdong and surrounding provinces, enhancing inter-provincial trading dynamics [21][22]. 8. **Impact of Supply and Demand**: The pricing dynamics will be influenced by supply and demand relationships, with potential adjustments to annual contracts based on market conditions [24][26]. 9. **Encouragement of Offshore Wind**: There is a potential differentiation in policies for offshore wind projects, which may receive more favorable treatment compared to other renewable sources [46][47]. Other Important but Overlooked Content - **Risk Management**: The document outlines the risks associated with market participation, particularly regarding forecasting accuracy and the financial implications of deviations from expected generation [14][15]. - **Investment Recovery Period**: The investment recovery period for projects is set between 8 to 12 years, reflecting the varying conditions across different types of projects and locations [42][43]. - **Future Clarifications**: There is an expectation for further clarifications regarding the treatment of existing projects and their integration into the new market framework [34][35]. This summary encapsulates the essential discussions and insights from the conference call regarding the implications of the 136 Document on the Guangdong electricity market and its future direction.

Core Viewpoint - The UK government has announced a plan to revitalize the struggling onshore wind industry, emphasizing its role as a key source of affordable and rapidly constructed electricity, which will enhance energy independence [1] Group 1 - The UK government lifted the de facto ban on new onshore wind farms nearly a year ago [1] - Energy Secretary Ed Miliband highlighted the importance of onshore wind in the report released by the working group [1] - Onshore wind is recognized as one of the cheapest and fastest sources of electricity available [1]

Group 1 - The report highlights the adjusted zoning assessment method tailored to Georgia's local conditions, enabling the identification and mapping of regions with significant potential for large-scale solar photovoltaic and onshore wind projects [1] - Georgia has substantial potential for large-scale solar and wind energy development, with maximum concentrated capacities estimated at 5000 MW for both solar and wind, translating to a total development potential of approximately 87 GW for solar and 5.4 GW for wind [2] - The identified solar and wind potential is primarily located in the central, southern, southwestern, and southeastern regions of the country, aligned with transmission lines and road networks [2] Group 2 - The findings aim to encourage further investigation using high temporal and spatial resolution resource data to identify specific sites for detailed assessment [2] - Georgia can select promising locations from the identified areas to submit to the International Renewable Energy Agency (IRENA) for site assessment services, which include preliminary feasibility assessments for solar and wind project development [3] - The feasibility assessments utilize downscaled solar irradiance and wind speed time series data, input into robust generation and simplified financial models to simulate the viability of specific sites at various electricity price levels [3]

Group 1: New Power System Development - The National Energy Administration has initiated pilot projects focusing on seven areas including grid technology, friendly renewable energy stations, smart microgrids, and virtual power plants to explore new technologies and models for building a new power system [1] - By 2025, the goal is to establish a nationwide unified electricity market, with a focus on enhancing the top-level design and basic rule system for the electricity market [1][2] - The new power system is characterized by a dominant position of renewable energy sources such as onshore wind, offshore wind, solar power, and new energy storage [1] Group 2: Electricity Consumption and Market Trends - In April, the total electricity consumption reached 772.1 billion kWh, a year-on-year increase of 4.7% [2] - By 2025, the total electricity consumption is projected to reach 10.4 trillion kWh, with a growth rate of approximately 6% [2] - The demand for electricity is expected to rise due to the rapid growth of AI computing needs and the development of electric vehicles [2] Group 3: Virtual Power Plants and Energy Storage - The National Development and Reform Commission and the National Energy Administration have issued guidelines to accelerate the development of virtual power plants, aiming for a regulation capacity of over 20 million kW by 2027 and 50 million kW by 2030 [3] - New energy storage is identified as a crucial technology for building a new power system and achieving carbon neutrality goals, with a target of reaching a cumulative installed capacity of 73.76 million kW by the end of 2024 [3] Group 4: Investment and Market Environment - In 2024, multiple policies are expected to create a stable market environment for renewable energy operators, leading to a stabilization of the industry [4] - The investment in the power grid is anticipated to maintain a growth rate of over 10% in 2025, driven by the transition towards carbon neutrality and balanced investment in main grid and distribution segments [4] Group 5: Company Performance Highlights - China Resources Power (00836) has seen an upward adjustment in earnings forecasts for 2025 due to lower fuel costs, with a target price increase from HKD 20.5 to HKD 21.5 [5][6] - Huadian International Power (01071) reported a 3.7% increase in net profit for Q1, benefiting from a 9.7% decrease in standard coal costs [6] - Datang Renewable (01798) achieved a 15.47% increase in power generation in April 2025 compared to the previous year, with significant contributions from wind and solar power [7]

Core Viewpoint - Guangxi Energy is demonstrating strong momentum in the clean energy sector, with significant advancements in offshore wind power and breakthroughs in onshore wind and solar projects, indicating an accelerated construction of a diversified clean energy system that injects new vitality for high-quality development [1] Group 1: Offshore Wind Power Development - Guangxi Energy's first offshore wind project, Fangchenggang Offshore Wind Power A site, has achieved full capacity grid connection, enhancing the company's strength in renewable energy development and contributing significantly to the local energy structure's green transition [2] - In Q1 2025, the offshore wind project has positively impacted the company's performance, with the wind power segment achieving a net profit attributable to shareholders of 19.28 million yuan, a year-on-year increase of 17.98 million yuan [2] - By the end of 2024, Guangxi Energy's total installed power capacity reached 2.2876 million kilowatts, an increase of 709,000 kilowatts year-on-year, with the proportion of new energy installed capacity rising from 1.27% at the end of the previous year to 31.87% [2] Group 2: Onshore Wind and Solar Projects - Guangxi Energy is actively developing onshore wind and solar projects, having secured construction indicators for several onshore wind projects with a total installed capacity of 550,000 kilowatts, laying a solid foundation for future clean power supply [3] - The company is also expanding its onshore solar projects, with distributed solar projects in Jingnan, Tianhe, and Zhengrun New Materials already connected to the grid, while the Zhenglong solar project (85,000 kilowatts) and Laibin centralized solar project (totaling 210,000 kilowatts) are progressing as planned [3] - Through the leadership in offshore wind and breakthroughs in onshore wind and solar projects, Guangxi Energy is actively implementing a "multi-energy drive" strategy, constructing a diversified clean energy structure that enhances the stability and sustainability of energy supply [3]

Core Viewpoint - Guangxi Energy reported a challenging first quarter of 2025 with a revenue of 822 million yuan and a non-recurring net profit attributable to shareholders of -100 million yuan, but is accelerating its renewable energy layout to drive future growth [1] Group 1: Wind Power Business Performance - The wind power segment of Guangxi Energy showed significant improvement, achieving a net profit of 19.28 million yuan after excluding non-recurring losses, a substantial increase of 17.98 million yuan year-on-year, marking it as a key highlight of the quarter [2] - The offshore wind project at the Guangxi Investment site, with a capacity of 700,000 kilowatts, is expected to achieve full capacity grid connection in 2024, leading to increased generation and profitability [2] - Guangxi Energy has secured development rights for the Fang site of the Fangchenggang offshore wind demonstration project, aiming to expand its offshore wind capacity and enhance clean energy supply [2] Group 2: New Energy Project Development - Guangxi Energy is accelerating its new energy initiatives, with a focus on multi-energy complementary development, entering a concentrated phase of project advancement in 2024 [3] - The company has obtained construction indicators totaling 550,000 kilowatts for onshore wind projects, with orderly progress in project execution [3] - Guangxi Energy is expanding its photovoltaic projects across various regions, including Shaanxi and Guangxi, contributing to a robust pipeline of clean energy supply [3] - The Hezhou pumped storage project is also progressing, enhancing the power system's regulation and renewable energy absorption capabilities [3] - The company is establishing subsidiaries to strengthen project execution and ensure timely project advancement [3]