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Recently, the green power sector has unexpectedly returned to the investors' radar with a strong stance. As of March 12, the CSI Green Power Index has risen by 19.64% this year, almost catching up with the flourishing coal sector.
Green power ETFs have surged, with multiple products seeing consecutive price increases, and trading volumes have exploded. On March 12, the trading volumes of the green power ETFs from ChinaAMC and E Fund both hit new highs.
This trend of &#34;volume-driven upward movement&#34; signifies that, in the eyes of some investors, green power is transforming from a defensive &#34;safe haven&#34; into an offensive asset with growth attributes.
This explosion is not coincidental; its underlying logic stems from a profound &#34;computing power and electricity synergy&#34; revolution. By 2026, as AI large models fully enter the trillion-parameter era, the energy consumption issue of computing power centers will evolve from a technical challenge into an economic lifeline. When the market realizes that &#34;the end of AI is electricity,&#34; green power will no longer be merely an environmental footnote but will become the fundamental fuel for digital infrastructure.
Especially this year, the Two Sessions have included &#34;computing power and electricity synergy&#34; in the government work report, clearly stating the implementation of &#34;ultra-large-scale intelligent computing clusters, computing power and electricity synergy, and other new infrastructure projects,&#34; directly shifting the valuation logic of power companies from traditional utilities to a new technological foundation.
In this process, another concept has been repeatedly discussed in the capital market: electricity is achieving cross-border expansion through tokens.
In the past, China, as the &#34;world's factory,&#34; converted electricity into physical goods for export via container shipping; now, abundant and low-cost green electricity in the country is transformed into the reasoning capabilities of large models through intelligent computing centers, ultimately flowing globally in the form of tokens in the cloud.
For green power giants, this means that downstream customers are shifting from traditional industries to computing power clusters with nearly unlimited demand, endowing electricity with a financial attribute similar to &#34;digital gold.&#34;
At the same time, the transportation situation in the Strait of Hormuz has also pushed the green power sector forward. Although international oil prices have recently surged and then retreated, as of 6 PM on March 12, ICE Brent crude was still at a high of $96, having risen 58% this year. The skyrocketing prices of oil and gas have directly triggered an energy substitution effect. To hedge against the high costs of fuel and natural gas power generation, the market's demand for coal power generation and alternative energy sources has surged.
Against the backdrop of uncontrolled traditional energy costs, the &#34;cost per kilowatt-hour&#34; of green power sources like wind, solar, and nuclear is almost unaffected by geopolitical fluctuations, amplifying their low-cost advantages and attracting a large influx of funds seeking safe-haven assets into green power ETFs.
These events have some randomness, but one thing is certain: in the new era context, due to frequent geopolitical conflicts and the turbulent reconstruction of international order, traditional energy industries such as oil and gas, coal, and green power are transitioning from ordinary assets to strategic assets related to &#34;energy security.&#34;
When traditional energy routes may be cut off at any time, the wind turbines and water wheels growing in deserts, high mountains, and great rivers become the most resilient breath of a country's economy.
There are always funds that are ahead of the market. On January 16th, the Harvest CNI Green Power ETF experienced a massive trading volume and significant turnover. On March 12th, several other ETFs saw large transactions and substantial chip exchanges, indicating a fierce competition between early profit-taking funds and newly entering allocation funds.
This is the main storyline of green power during this period. I am the cat on Jintai Road, accompanying you to watch the story in the place where capital flows wildly

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The green power sector has recently performed strongly, with the CSI Green Power Index rising by 19.64%. The trading volume of green power ETF funds has reached a new high, indicating a shift from defensive assets to growth assets. With the development of AI technology, green power has become an important fuel for digital infrastructure, leading to a surge in market demand. Additionally, the rise in international oil prices has driven the energy substitution effect, further enhancing the market position of green power

Green power has suddenly made a comeback