With the EU's increase in new energy, it is required to double the photovoltaic power generation in 2025, and the first batch of large-scale wind power photovoltaic base projects in China have been started. 
On May 18, the European Commission announced an energy plan called "RepowerEU", which plans to gradually get rid of its dependence on Russian energy imports with a total investment of 210 billion euros from now to 2027. Among them, the target installed capacity of photovoltaics in 2025 is 320GW, and it will reach 600GW by 2030. Since European photovoltaic modules rely on Chinese imports, domestic analysis institutions predict that the newly installed photovoltaic capacity in Europe in 2022 is expected to exceed 40GW, a year-on-year increase of more than 54%, thereby further driving domestic Industry accelerated growth. 
Not only the EU, but also the domestic market is in full swing. According to the national photovoltaic power generation data of the National Energy Administration in the first quarter, the newly installed capacity in the first quarter was 13.21GW, a year-on-year increase of nearly 1.5 times. In addition, the first batch of large-scale wind power photovoltaic base projects in the country have started construction one after another, which has further shown its role in driving the market. 
At present, photovoltaic concept stocks have been rising for several consecutive days, and the sector index has risen by nearly 11% in the past 10 trading days. According to data from Oriental Fortune Choice, since the rebound on April 27, the main funds have bought 134 photovoltaic concept stocks, with a total net purchase of over 15.9 billion yuan. In terms of individual stocks, LONGi Green Energy is the favorite of the main funds.
Add new energy again! EU wants to double photovoltaic power generation Under the influence of the Russian-Ukrainian conflict, the European region hopes to rapidly reduce Russia's dependence on fossil energy and seek to establish an independent and secure energy system. On May 18, the European Commission announced an energy plan called "RepowerEU". It plans to gradually get rid of its dependence on Russia's energy imports with a total investment of 210 billion euros from now to 2027, of which 86 billion euros will be used to build renewable energy. 27 billion euros for hydrogen energy equipment, 37 billion euros for biomethane production, and others for energy efficiency transformation of the grid.  The plan will significantly increase investment in renewable energy such as solar and wind energy. The core indicator here is to increase the overall target for renewable energy in 2030 from 40% to 45% according to the previous EU "Fit for 55" package. Among them, the target installed capacity of photovoltaics in 2025 is 320GW, and it will reach 600GW by 2030. It is planned that by 2050, the offshore wind power generation in the EU will increase tenfold. In addition, the EU's draft REPower EU plan also proposes to install rooftop solar installations for all new buildings, with a 15TWh increase in rooftop PV capacity in 2022. Obviously, the EU has increased the demand for photovoltaic and offshore wind power again. According to PV-infolink data, in the first quarter of this year, China’s module exports reached 37.2GW, a year-on-year increase of 112%, of which European imports of Chinese products reached 16.7GW, a year-on-year increase of 145%. 100% faster. Statistics show that the value of my country's photovoltaic industry chain accounts for about 80% of the world's, and 80% of European photovoltaic modules rely on imports. This year, my country's PV module export demand will be greatly stimulated. Under the circumstance of energy security crisis, EU module imports will accept a higher premium. 
"At present, the capacity layout of photovoltaic manufacturing in Europe is relatively small, and most of the products will be supplied by Chinese companies, which will further stimulate the demand for domestic products. Combined with export data, we expect that the newly installed photovoltaic capacity in Europe is expected to exceed 40GW in 2022. , an increase of more than 54% year-on-year." Hua Pengwei, an analyst at CITIC Securities, believes that considering the constraints of logistics, construction and manpower in Europe, the newly installed photovoltaic capacity in Europe will maintain a sustained and rapid growth in the next 10 years, which will also promote Global new photovoltaic installations continued to grow.
The domestic new energy market is also in full swing, with an increase of 1.5 times in the first quarter The overseas market is hot, and the domestic market is also in full swing. According to the "Construction and Operation of Photovoltaic Power Generation in the First Quarter of 2022" released by the National Energy Administration, the new installed capacity of photovoltaic power generation nationwide in the first quarter was 13.21GW, an increase of nearly 1.5 times year-on-year. Among them, the ground power station added 4.34GW, and the distributed photovoltaic 8.87GW. 
On May 19, Hubei Engineering Company, a subsidiary of Power Construction Corporation of China, won the bid for the EPC general contracting project of the second bid section of the Kubuqi 2 million kilowatt photovoltaic desertification base project in Mengxi Base. This project is the largest photovoltaic sand control project in the country and one of the first large-scale wind power photovoltaic base projects in the country to start construction. 
Recently, the Ministry of Housing and Urban-Rural Development of the People's Republic of China issued the "14th Five-Year" Building Energy Conservation and Green Building Development Planning Notice, proposing a 2025 target, and for the first time proposing a specific scale. The replacement rate reached 8%. The report of Guorong Securities believes that the current photovoltaic policies include the promotion of the whole county, large bases, guaranteed projects in various provinces, and building photovoltaics, etc., and the potential domestic demand for photovoltaics is strong.
In addition, it is worth noting that the Ministry of Finance recently released the final account of government fund expenditures, of which the central government fund expenditure budget in 2022 is 807.1 billion yuan, an increase of about 400 billion yuan compared with 2021. At the same time, the Ministry of Finance also clearly mentioned in the 2022 budget that it is necessary to promote the resolution of the funding gap for renewable energy power generation subsidies. If the subsidy problem can be solved in the short term, the profitability of operators is expected to be significantly improved, and it can also drive the development of the entire industry chain. |
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