Every time the rise of renewable energy and alternative fuels is accompanied by rising oil and natural gas prices. Especially in the first half of this year, when the international crude oil prices kept renewing their historical records, the prospects of ethanol gasoline, hybrid vehicles, solar energy, wind power and nuclear energy were increasingly optimistic.
However, as the financial crisis continued to spread and economic growth slowed down, international crude oil prices began to fall sharply. As of today, crude oil prices in the international market have fallen below US$40/bbl, which is a drop of about 75% from the highest point in July. This has caused the market to worry about the prospects for the development of new energy.
Low oil prices highlight the disadvantages of new energy costs Undoubtedly, the deepening of the global financial crisis and the rapid decline in international crude oil prices have profoundly affected every industry, and the new energy industry cannot be an exception.
In fact, relevant data also show that in the past few months, the market's passion for renewable energy has gradually subsided. "Oil prices have fallen. People have some interest in alternative energy sources, but they are not very enthusiastic. This is a potential risk," said a senior energy analyst at an internationally renowned investment company.
Chang Tao Securities industry analyst Zhou Tao pointed out that the adverse impact of the economic crisis and falling oil prices on the new energy industry is mainly reflected in four aspects: First, the decline in energy demand, involving liquid fuels, natural gas and other prices fell, the disadvantages of new energy costs have been enlarged; The tightening of the credit sector has led to difficulties in the financing of new energy projects. Third, when the demand for energy has declined, utility companies have slowed down the launch of new projects to delay the progress of new energy projects. Fourth, the financial crisis has led to the breakage and bankruptcy of corporate capital chains. Lead to the reshuffle of the new energy industry itself.
However, the industry consolidation brought about by the financial crisis will increase the scale of the companies in the industry, which will reduce the unit cost of new energy production and promote the rapid development of the new energy industry. Zhou Tao said that another opportunity brought by the crisis to the industry lies in the sharp decline in prices of many raw materials, including steel and glass, which reduces the cost of new energy equipment; and the slowdown in demand for new energy equipment also makes key parts that were once in short supply. Polysilicon, for example, is no longer in short supply. “It was expected that the cost of photovoltaic power generation at 1.0 yuan/kWh could be achieved in 3 to 5 years and it is expected to be reached in two years time.â€
The most important thing is that whether it is considered from the national energy policy or from the perspective of the non-renewability and scarcity of international crude oil, it is a long-standing national policy to develop renewable energy, achieve national energy structure transformation and reduce foreign dependence. The goal, which directly guarantees the broad development prospects of the new energy industry.
Diversification has become a global trend Despite the current global energy landscape, oil, coal, and natural gas still occupy a major position, accounting for about 88%. Although renewable energy accounts for only about 12%, it has grown rapidly in recent years. This is inseparable from the preferential incentive policies introduced by various countries. All countries in the world have mentioned new energy development to the height of national strategies. While significantly increasing investment in R&D for new energy, they have also put forward specific targets for medium and long-term development.
From the recent policy trends of European and American countries and our government, Obama promised that at the end of his first presidential term, at least 10% of U.S. energy consumption will come from renewable energy; within the EU, an agreement is reached on renewable energy use target legislation. Ensure that the EU will increase the proportion of renewable energy in total energy consumption to 20% by 2020. In March this year, the National Development and Reform Commission issued the “Eleventh Five-Year Plan for Renewable Energy Developmentâ€, which is currently planning to significantly increase nuclear power and wind power. Long-term development planning goals. These are all intended to guide the development of the national energy structure towards diversification.
Judging from practical actions, the United States is currently focusing on renewable fuels. The United Kingdom is developing nuclear and wind energy in space, and Germany is looking for renewable fuels in biology. It is reported that China's National Development and Reform Commission is planning to complete the adjustment of the mid- and long-term nuclear power development plan in the first quarter of 2009, and report to the State Council for decision-making. At the same time, it will start construction of several new nuclear power plants in Zhejiang Sanmen, Shandong Haiyang, and Guangdong Yaogu...etc. It has become a major trend in the world energy market to develop in a green and renewable direction.
Taken together, the new energy industry has developed into a critical period in which both opportunities and challenges coexist, and it is expected that in 2009 it will become a key policy-supporting industry.
New energy will become a new bright spot for investment in 2009 The development of new energy will be a long-term strategic layout, and it is still in its infancy. It will be a rapid growth period for new energy in the coming years, and the profitability of individual stocks will continue to increase. The maturity of technology and large-scale industrial development will open up new development space for the new energy sector. The listed companies under the concept of new energy will undoubtedly gain long-term and tremendous development.
Even in the context of the current decline in international crude oil prices, many institutions are still optimistic about the investment value of the new energy sector in 2009. Qiu Yanying, Chief Strategy Analyst of Tianxiang Investment, said at a strategy report held recently that new energy investment will become a new bright spot for investment in 2009 based on Obama’s emphasis on new energy.
According to relevant data, 45 companies in the new energy sector in 2008 are expected to generate net profits of approximately RMB 16.09 billion, and the average net profit per share is RMB 0.58, which is expected to be 31.8% higher than the average A-share earnings per share.
Many institutions are very optimistic about the prospects of solar energy and wind energy investment in the context of falling oil prices. Shenyin Wanguo reported that under the background of falling oil prices, the logic of the relative cost reduction of the new energy industry still holds. However, in the context of the global economic slowdown, the photovoltaic industry is more exposed to policy fluctuation than the wind power industry. Therefore, the photovoltaic industry is given a “look†rating, and the wind power industry is “appreciativeâ€. It also recommended Goldwind Technologies and suggested focusing on Dongfang Electric, Hunan Electric and Sinoma Technology.
An institutional research report pointed out that in the long run, under the pressure of global energy shortages and climate warming, the new energy sector will become the new darling of the capital market, and the industry's development prospects are very optimistic. However, due to the extensive involvement of the new energy industry and the long period of technological innovation, investors can pay due attention to listed companies that can seize the opportunities of industry development and market operations.
In addition, on November 25th, the central government’s 100 billion yuan investment has determined that 800 million yuan will be used for subsidies for nuclear power and wind power equipment technological transformation in China. This also means that the country’s major nuclear power and wind power equipment manufacturers are facing Great development opportunities.
However, as the financial crisis continued to spread and economic growth slowed down, international crude oil prices began to fall sharply. As of today, crude oil prices in the international market have fallen below US$40/bbl, which is a drop of about 75% from the highest point in July. This has caused the market to worry about the prospects for the development of new energy.
Low oil prices highlight the disadvantages of new energy costs Undoubtedly, the deepening of the global financial crisis and the rapid decline in international crude oil prices have profoundly affected every industry, and the new energy industry cannot be an exception.
In fact, relevant data also show that in the past few months, the market's passion for renewable energy has gradually subsided. "Oil prices have fallen. People have some interest in alternative energy sources, but they are not very enthusiastic. This is a potential risk," said a senior energy analyst at an internationally renowned investment company.
Chang Tao Securities industry analyst Zhou Tao pointed out that the adverse impact of the economic crisis and falling oil prices on the new energy industry is mainly reflected in four aspects: First, the decline in energy demand, involving liquid fuels, natural gas and other prices fell, the disadvantages of new energy costs have been enlarged; The tightening of the credit sector has led to difficulties in the financing of new energy projects. Third, when the demand for energy has declined, utility companies have slowed down the launch of new projects to delay the progress of new energy projects. Fourth, the financial crisis has led to the breakage and bankruptcy of corporate capital chains. Lead to the reshuffle of the new energy industry itself.
However, the industry consolidation brought about by the financial crisis will increase the scale of the companies in the industry, which will reduce the unit cost of new energy production and promote the rapid development of the new energy industry. Zhou Tao said that another opportunity brought by the crisis to the industry lies in the sharp decline in prices of many raw materials, including steel and glass, which reduces the cost of new energy equipment; and the slowdown in demand for new energy equipment also makes key parts that were once in short supply. Polysilicon, for example, is no longer in short supply. “It was expected that the cost of photovoltaic power generation at 1.0 yuan/kWh could be achieved in 3 to 5 years and it is expected to be reached in two years time.â€
The most important thing is that whether it is considered from the national energy policy or from the perspective of the non-renewability and scarcity of international crude oil, it is a long-standing national policy to develop renewable energy, achieve national energy structure transformation and reduce foreign dependence. The goal, which directly guarantees the broad development prospects of the new energy industry.
Diversification has become a global trend Despite the current global energy landscape, oil, coal, and natural gas still occupy a major position, accounting for about 88%. Although renewable energy accounts for only about 12%, it has grown rapidly in recent years. This is inseparable from the preferential incentive policies introduced by various countries. All countries in the world have mentioned new energy development to the height of national strategies. While significantly increasing investment in R&D for new energy, they have also put forward specific targets for medium and long-term development.
From the recent policy trends of European and American countries and our government, Obama promised that at the end of his first presidential term, at least 10% of U.S. energy consumption will come from renewable energy; within the EU, an agreement is reached on renewable energy use target legislation. Ensure that the EU will increase the proportion of renewable energy in total energy consumption to 20% by 2020. In March this year, the National Development and Reform Commission issued the “Eleventh Five-Year Plan for Renewable Energy Developmentâ€, which is currently planning to significantly increase nuclear power and wind power. Long-term development planning goals. These are all intended to guide the development of the national energy structure towards diversification.
Judging from practical actions, the United States is currently focusing on renewable fuels. The United Kingdom is developing nuclear and wind energy in space, and Germany is looking for renewable fuels in biology. It is reported that China's National Development and Reform Commission is planning to complete the adjustment of the mid- and long-term nuclear power development plan in the first quarter of 2009, and report to the State Council for decision-making. At the same time, it will start construction of several new nuclear power plants in Zhejiang Sanmen, Shandong Haiyang, and Guangdong Yaogu...etc. It has become a major trend in the world energy market to develop in a green and renewable direction.
Taken together, the new energy industry has developed into a critical period in which both opportunities and challenges coexist, and it is expected that in 2009 it will become a key policy-supporting industry.
New energy will become a new bright spot for investment in 2009 The development of new energy will be a long-term strategic layout, and it is still in its infancy. It will be a rapid growth period for new energy in the coming years, and the profitability of individual stocks will continue to increase. The maturity of technology and large-scale industrial development will open up new development space for the new energy sector. The listed companies under the concept of new energy will undoubtedly gain long-term and tremendous development.
Even in the context of the current decline in international crude oil prices, many institutions are still optimistic about the investment value of the new energy sector in 2009. Qiu Yanying, Chief Strategy Analyst of Tianxiang Investment, said at a strategy report held recently that new energy investment will become a new bright spot for investment in 2009 based on Obama’s emphasis on new energy.
According to relevant data, 45 companies in the new energy sector in 2008 are expected to generate net profits of approximately RMB 16.09 billion, and the average net profit per share is RMB 0.58, which is expected to be 31.8% higher than the average A-share earnings per share.
Many institutions are very optimistic about the prospects of solar energy and wind energy investment in the context of falling oil prices. Shenyin Wanguo reported that under the background of falling oil prices, the logic of the relative cost reduction of the new energy industry still holds. However, in the context of the global economic slowdown, the photovoltaic industry is more exposed to policy fluctuation than the wind power industry. Therefore, the photovoltaic industry is given a “look†rating, and the wind power industry is “appreciativeâ€. It also recommended Goldwind Technologies and suggested focusing on Dongfang Electric, Hunan Electric and Sinoma Technology.
An institutional research report pointed out that in the long run, under the pressure of global energy shortages and climate warming, the new energy sector will become the new darling of the capital market, and the industry's development prospects are very optimistic. However, due to the extensive involvement of the new energy industry and the long period of technological innovation, investors can pay due attention to listed companies that can seize the opportunities of industry development and market operations.
In addition, on November 25th, the central government’s 100 billion yuan investment has determined that 800 million yuan will be used for subsidies for nuclear power and wind power equipment technological transformation in China. This also means that the country’s major nuclear power and wind power equipment manufacturers are facing Great development opportunities.
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