Gelonghui, March 12 | Great Wall Securities Research Report indicates that the fundamentals of the green power industry are expected to rebound after bottoming out. Three Gorges Energy (600905.SH) is a leading new energy power generation company, and undervaluation combined with high installed capacity growth brings room for long-term growth. Maintain an “Overweight” rating. The company has abundant reserves of new energy projects and is far ahead in offshore wind power development. From January to September 2023, the company added 2.97 GW of grid-connected installed capacity. Due to the concentrated construction window for new energy projects, the overall production scale was low and high, and concentrated growth in the fourth quarter. It is expected that the new installed capacity will exceed 13 GW and the total installed capacity will exceed 40 GW throughout the year. At the same time, the company's projects under construction exceed 10 million kilowatts, which can provide strong support for the “14th Five-Year Plan” installed capacity growth.
研报掘金丨长城证券：三峡能源新能源项目储备丰富，海上风电开发遥遥领先，维持“增持”评级
Research Report | Great Wall Securities: Three Gorges Energy's new energy project has abundant reserves, is far ahead in offshore wind power development, and maintains an “increase in holdings” rating
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