Guotai Junan Securities: Renewable Energy Consumption Policy Introduced, Green Hydrogen Ammonia Industry Welcomes New Opportunity Period
Guotai Junan Securities released a research report pointing out that the national promotion of renewable energy non-electric consumption policies has brought new opportunities for the green hydrogen and ammonia industry. The new policy will include renewable energy non-electric consumption in mandatory assessments, clearly defining green hydrogen and ammonia as compliant pathways, and promoting the development of related enterprises in the industry chain. It is recommended to pay attention to Goldwind, Windey, Sany Renewable Energy, Hopewind, and China Huadian Corporation
According to the Zhitong Finance APP, Guosen Securities has released a research report stating that under the national policy guidance to promote the increase of the proportion of renewable energy non-electric consumption and the development of the green hydrogen ammonia industry, the green hydrogen ammonia industry is ushering in an important strategic opportunity period, which is favorable for related targets in the industrial chain. It is recommended to pay attention to Goldwind (002202.SZ), Windey (300772.SZ), Sany Renewable Energy (688349.SH), Hopewind (603063.SH), and Huadian Technology (601226.SH).
On October 13, the National Development and Reform Commission released the "Implementation Measures for the Minimum Proportion Target of Renewable Energy Consumption and the Responsibility Weight System for Renewable Energy Power Consumption (Draft for Comments)," which will use the principles of this measure to formulate, monitor, and assess the minimum proportion target of renewable energy consumption for energy users and the responsibility weight for renewable energy power consumption in provincial administrative regions. Among them, the minimum proportion target for non-electric consumption can be achieved through three methods: renewable energy heating (cooling), comprehensive utilization of renewable energy for hydrogen ammonia production, and non-electric utilization of biomass energy.
The report stated that this measure is the first to include renewable energy non-electric consumption in a mandatory assessment system, particularly clarifying that green hydrogen ammonia is one of the compliant paths, marking a shift in the national energy management focus from a single electricity consumption to multi-energy collaborative consumption including electricity, heat, hydrogen, and ammonia, providing an unprecedented policy access channel for the green hydrogen ammonia industry. Additionally, by setting minimum proportion targets for non-electric consumption in provincial administrative regions and key energy-consuming enterprises, and supplementing with measures such as interviews, notifications, and inclusion in dishonesty records, the policy has created institutional market demand for green hydrogen ammonia from the demand side, significantly enhancing the certainty of industrial development and market expectations
