The current power industry in China is undergoing a large-scale process of clean upgrading and green transformation, which is in line with the development of high-end, intelligent, and green technologies.
The implementation focus in the power industry needs to strengthen policy guidance, increase capital investment, and support key technology research and industrialization. At the same time, we will promote cooperation among power equipment manufacturing enterprises, operators, and research institutes to accelerate technological innovation. Establish a sound recycling system and improve the efficiency of resource recycling. And improve relevant regulations and standards, regulate market order.
It is worth noting that as an important lever to promote investment and consumption in 2024, this round of large-scale equipment updates will drive regional economic development.
The three types of cities have the foundation for equipment renewal: first, cities with a good foundation for the development of new energy industries, such as wind and photovoltaic equipment manufacturing, research and development, and operation and maintenance advantages; Secondly, cities with strong technological innovation capabilities, such as those with high-level research institutes and universities, are conducive to promoting technological research and industrialization; The third is for cities with policy support and complete supporting facilities, such as providing tax incentives to enterprises, land use policies, etc., and strengthening infrastructure construction.
With the implementation of the measures, both the upstream equipment manufacturing and downstream application industries in the power industry will benefit. The new energy equipment manufacturing industry in China is mainly concentrated in the Yangtze River Delta and Pearl River Delta regions. These regions have close internal economic connections and complete industrial chains.
China's lithium battery materials are mainly concentrated in provinces such as Sichuan and Jiangxi, while photovoltaic silicon materials are mainly concentrated in provinces such as Yunnan, Inner Mongolia, Ningxia, and Xinjiang. Promoting the upgrading and efficient utilization of new energy equipment will stimulate the growth of demand for upstream materials and bring new development opportunities for material supply. These regions can transform from simple raw material suppliers to comprehensive service providers and increase the added value of the industrial chain by extending the industrial chain and improving the depth of material processing.
In addition, there is great potential for new energy power generation in the three northern regions and southeastern coastal areas of China. Equipment updates and technological transformation measures will directly promote the development of the new energy generation field. This means that new energy generation projects such as wind power and solar energy will be accelerated or upgraded to improve power generation efficiency and reliability, thereby better utilizing the rich local new energy resources.