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Mobile WebSiteNew energy: firmly embrace the new round of wind power boom cycle
Wind power: We believe that the new installed capacity in the future will be affected by multiple factors and return to high growth: (1) the rate of abandoned winds will be improved; (2) the subsidy will be lowered to promote the expectation of rushing; (3) the installed plan will be added in 2018-2020. Installed to lay the foundation for growth; (4) The price of the whole machine bidding decreased, driving the construction cost of the wind farm to go down. The price of electricity, the rate of abandoned wind, the price of the whole machine and the scale of new installed capacity have an impact. The reduction of the price of electricity has set the timeline for the installation. In 2018, the wind curtailment rate will maintain the improvement trend in 2017. In the short and medium term, the decline in the wind curtailment rate will improve the profitability of the installed capacity, and will also increase the enthusiasm for the approval of the installed capacity, thereby increasing the installed capacity in the future; in the long run, The reduction in electricity prices and policy planning will further enhance the wind power boom and consolidate the installed capacity of the annual average. It is estimated that 17 years will be the new low point of installed wind power, optimistic about the investment opportunities brought about by the continuous improvement of the fundamentals of the wind power industry in 2018. In the current cycle, the wind power operator's operating environment is prioritized due to the decline in the abandoned wind rate. It is expected that with the increase in new installed capacity, the industry's prosperity will continue from the downstream operators to the midstream complete machine and component manufacturers.
Photovoltaic: On May 31, 2018, the National Development and Reform Commission, the Ministry of Finance, and the National Energy Administration issued the Notice on Matters Related to Photovoltaic Power Generation in 2018, making major adjustments to PV installation arrangements. Affected by the New Deal, we expect the competition in the PV industry chain to further intensify. Leading the various sectors is expected to further expand market share by virtue of competitive advantages in the current round of capacity reduction. We expect a significant decline in the installed capacity of PV in 2018 compared with 2017, focusing on the performance of leading companies in this round of capacity de-construction.
