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CN Fosters Distributed Development of Nuclear, Wind, Hydro, Photovoltaic Power Generation
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China’s Ministry of Industry and Information Technology, the State Administration for Market Regulation, and the National Energy Administration released the "Stable Growth Work Plan for Power Equipment Industry (2025-2026)". The main goal is to maintain an average annual revenue growth rate of about 6% for traditional power equipment and achieve steady growth in revenue for new energy equipment. Also, the production of power generation equipment should remain within a reasonable range, with effective supply assurance and growth in new energy equipment exports. The influence of key regions and enterprises should be strengthened, with the national advanced manufacturing clusters in the power equipment sector achieving an average annual revenue growth rate of about 7%, and leading enterprises achieving about 10%. The plan also mentions expanding domestic effective demand, harnessing major energy projects to stabilize power equipment demand. It aims to accelerate the advancement of large onshore wind and photovoltaic bases, promote the orderly construction of offshore wind power, and actively advance the distributed development of wind and photovoltaic power generation, as well as the integrated development of wind, solar, and hydro power. AASTOCKS Financial News Website: www.aastocks.com |
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