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关税变化对独立储能与光伏配储项目IRR影响分析
关税变化对独立储能与光伏配储项目IRR影响分析
行业数据
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图片大小:284KB
图片尺寸:2375*1572
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所属报告:
海博思创-公司研究报告-把握新能源消纳大机遇出海开启新成长-250602(35页).pdf
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相关数据
图15:Esk0m2026年至2030年太阳能光伏、电池储能系统及风能累计新增容量
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行业数据
2026-07-21
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储能ITC政策,有效提升储能项目IRR
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政策法规
2026-06-24
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图17、欧洲主要国家户用光伏配储比例
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行业数据
2026-05-11
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中午的光伏发电高峰(图52)。储能系统将能够支持光伏的扩展[ISE7]。
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行业数据
2026-04-28
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预计2026-2027年新能源配储需求超660GWh、960GWh
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行业数据
2026-04-13
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2024、2025年底澳洲户储在户用光伏中的渗透率
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行业数据
2026-04-02
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欧洲各国新增户用储能对户用光伏的渗透率
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2026-04-02
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对代表性 HVDC 海底互联项目的股权收益率(IRR)对收入结构和利用率的敏感性分析
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行业数据
2026-03-11
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Investor type, Shareholding (%), Estimated target IRR (gross), Key terms and features
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行业数据
2026-03-11
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国内与海外增能源配储比例与储能长升测算
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行业数据
2026-02-24
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2030年主要地区增能源配储比例与储能长测算
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行业数据
2026-02-24
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IRR of buyout funds and related indexes for 2000–22 vintages, %
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行业数据
2026-02-12
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8kW光伏+20kWh储能系统日均发电与自用分布(出口仅20%)
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行业数据
2026-01-27
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西藏拉果错源网荷储一期200MW光伏+504MWh储能系统项
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行业数据
2026-01-23
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10年期国债期货合约活跃券IRR
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2026-01-14
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全球全年龄段奶粉市场规模(亿美元)
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2026-07-30
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全球酸奶及发酵乳制品市场规模(亿美元)
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2026-07-30
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全球药用级益生菌市场规模(百万美元)
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2026-07-30
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全球益生菌膳食补充剂市场规模及增速
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2026-07-30
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全球拥有AKK专利菌株的核心企业
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2026-07-30
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良好市场机制始终是美国储能发展的基石,关税与IRA极端情况下IRR仍有7-9%。得益于美国成熟的电力市场,储能系统在此前高成本下仍保持较高的成长弹性,盈利能力持续良好,根据Wood Mackenzie数据,美国储能EPC价格从22年初的约$2000/kW(4.5元/Wh)下降至24年初的约$1000/kW(2.3元/Wh),25年进一步下降至约1.8元/Wh,在价格大幅下降的背景下储能系统新增规模从22年的15GWh提升至24年的约40GWh,25年考虑关税预期本无降价计划、但系统端仍可通过规模化效应降本,对冲关税影响。我们认为,尽管EPC价格上可能有波动,若叠加各项关税EPC报价或回到24年水平,但良好的市场机制始终是美国储能快速发展的基础、后续应重点关注市场化机制(包括现货市场与辅助服务市场盈利变化)对收益率的积极影响,相较于关税仅限于系统端、IRA对总成本的补贴影响更大。我们测算在0.9元/Wh的FOB报价、40.9%/58.4%的综合税率、IRA补贴比例降为0的情况下,独立储能IRR仍有10.0%/8.7%、新能源配储IRR仍有10.4%/10.0%,相较于此前关税IRR恢复至合理区间。
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海博思创-公司研究报告-把握新能源消纳大机遇出海开启新成长-250602(35页).pdf
非洲各国对储能系统的政策支持
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公司历次股权激励情况
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