On October 30, the National Development and Reform Commission and five other departments issued guidance on vigorously implementing the action of substituting renewable energy.

It is proposed to comprehensively enhance the supply capacity of renewable energy.

Speed up the construction of large-scale wind and photovoltaic bases with deserts, Gobi, and desert areas as the focus, and promote the development of offshore wind power clusters.

On that day, Three Gorges Energy announced that the company plans to invest in the construction of a new energy base project in the Taklimakan Desert in southern Xinjiang, with a dynamic investment amount of 71.848 billion yuan.

New energy is a green gold mine, with reduced supply and demand exceeding expectations; institutions are bullish on the photovoltaic new cycle reversal.

Minsheng Securities released a research report stating that due to the recent increase in component prices and expectations for energy consumption control on the supply side of silicon materials, the photovoltaic sector has rebounded. If subsequent top-level design introduces relevant supply-side reform policies, the profitability of the photovoltaic industry is expected to bottom out and reverse.

Solar sector-related companies include:

Xinte Energy (01799), GCL Tech (03800), Xinyi Solar (00968), Flat Glass (06865), and more.