gist
Photovoltaic: internal and external forces, the sun shines. As of May 30, 2022, according to the latest data from the National Energy Administration, there are 121 million kilowatts of photovoltaic power generation projects under construction in my country. It is estimated that 108 million kilowatts of new photovoltaic power generation will be connected to the grid in 2022, an increase of about 96% over the previous year’s actual grid-connected capacity. According to this goal, this year’s new installed capacity of photovoltaics is expected to exceed expectations. From January to April 2022, my country’s newly installed photovoltaic capacity was 16.88GW, a year-on-year increase of 138.4%. That is, the cumulative installed capacity of photovoltaics from May to December 2022 is expected to exceed 91GW, a year-on-year increase of 90.6%. According to the plan of the National Energy Administration, the planned investment in key energy projects in 2022 will increase by 10.3% year-on-year, and the construction of the first batch of large-scale wind power photovoltaic base projects in the desert and Gobi desert areas will be accelerated, driving the planned investment in solar power generation to increase by 202.6% year-on-year. According to the European Commission’s “RePowerEU” energy plan, the proportion of renewable energy will be raised to 45% in 2030 from the previous target of 40%, which is expected to further stimulate the export of domestic photovoltaic products. According to the General Administration of Customs, the domestic export value of solar cells (including modules) in April was 3.525 billion US dollars, a year-on-year increase of 74.6%. In the context of strong demand at home and abroad this year, each segment deserves continuous attention in the second half of 2022.
Wind power: Bidding increases rapidly, and supplementary relays are saved. According to the National Energy Administration, as of the first quarter of 2022, the first batch of large-scale wind power photovoltaic base projects of about 100 million kilowatts have started construction of about 84 million kilowatts, and the follow-up will accelerate the promotion of large-scale wind power photovoltaic base projects of 450 million kilowatts. According to the National Energy Administration According to the plan, the planned investment in onshore wind power in 2022 will increase by 13.3% year-on-year. In 2021, the national open market wind power bidding volume will reach 62.78GW, a substantial increase of 80%, which will effectively drive the newly installed wind power capacity this year. On May 30, the two ministries and commissions issued the “Implementation Plan for Promoting the High-Quality Development of New Energy in the New Era”, which mentioned that the review of wind power projects will be accelerated in the future by promoting the adjustment of wind power projects from the approval system to the filing system. In addition, following Guangdong Province, Shandong Province has also clarified that it will provide provincial financial subsidies for offshore wind power projects built and connected to the grid in Shandong from 2022 to 2024. The implementation of provincial subsidies will further promote the development of offshore wind power. It is recommended to pay attention to wind turbine, blade and submarine cable companies.
Nuclear power: Steady progress, nuclear power power. The 2021 government work report proposes to do a solid job in carbon peaking and carbon neutrality. Develop an action plan for peaking carbon emissions by 2030. Optimize the industrial structure and energy structure. Vigorously develop new energy sources, and actively and orderly develop nuclear power on the premise of ensuring safety. On April 20, 2022, six nuclear power plants were approved by the National Convention. According to the state’s previous plan, during the “14th Five-Year Plan” period, new nuclear power units will be approved at a rate of 6-8 units per year. This year, 6 units have been approved at one time, confirming that the domestic nuclear power industry is steadily advancing in accordance with the established plan. According to the plan of the National Energy Administration, investment in nuclear power continued to improve this year, with the planned investment increasing by 20.5% year-on-year. It is recommended to pay attention to the core leading enterprises with strong competitiveness in the nuclear power industry chain.
Energy storage: pumped storage, ready to go. As of 2021, China’s pumped storage installed capacity has increased by 15.6% year-on-year, the fastest growth since 2018, and the accumulated power capacity has reached 0.36GW. According to the National Energy Administration, by 2025 and 2030, the total production scale of pumped hydro storage will reach more than 62 million kilowatts and about 120 million kilowatts, respectively. From 2021 to 2025, the annual compound growth rate of pumped storage capacity will reach 14.2%. It is estimated that the new market size from 2021 to 2025 will be about 153.7 billion yuan. According to the National Energy Administration, from January to April 2022, the cumulative installed capacity of power generation nationwide will be 42.33 million kilowatts, a year-on-year increase of 42%, and the cumulative installed capacity of hydropower will be 5 million kilowatts, a year-on-year increase of 229%, higher than the national total. The newly installed power generation capacity increased by 187pct year-on-year. According to the plan of the National Energy Administration, pumped storage investment will continue to improve in 2022, and the planned investment will increase by 31% year-on-year. Reflecting the acceleration of investment in key domestic water conservancy projects, the state’s efforts to build infrastructure in water conservancy are increasing. With the accelerated construction of new power systems, during the “14th Five-Year Plan” period, pumped hydro storage is expected to maintain a high degree of prosperity.
To view the full report click here
Note: The articles on this site have not been posted and shared by netizens or institutions unless they are marked as original. If there is any need for publicity or infringement, please contact [email protected].
This article is reprinted from: https://www.dx2025.com/archives/170001.html
This site is for inclusion only, and the copyright belongs to the original author.