Guangzhou Issues 15th Five-Year Plan for Marine Economy, Targets Marine Energy
The Guangzhou Municipal People's Government General Office has issued the 15th Five-Year Plan for the city's marine economy, setting out measures for marine energy and marine pharmaceuticals and biological products. The plan calls for developing marine energy, focusing on megawatt-scale wave power devices and closed-cycle ocean thermal energy conversion systems, and promoting integrated marine energy applications in deep-water cage aquaculture, island water and power supply, offshore hydrogen production, and undersea data centers.
The Guangzhou Municipal People's Government General Office has issued the 15th Five-Year Plan for the Development of Guangzhou's Marine Economy, setting out arrangements for the marine energy industry and for marine pharmaceuticals and biological products. The plan calls for vigorously developing the marine energy industry and for accelerating the emergence of the marine pharmaceuticals and biological products sector.
In marine energy, the plan specifies a focus on mastering core technologies for megawatt-scale wave power generation devices and closed-cycle ocean thermal energy conversion power generation systems, and on clustering the development of new energy and new energy storage industries.
The plan proposes an innovative "marine energy plus" integrated development model, advancing integrated research, development, and operation and maintenance of marine energy with deep-water cage aquaculture, island water and power supply, offshore hydrogen production, and undersea data centers. The plan also calls for accelerating the emergence of the marine pharmaceuticals and biological products industry. These arrangements cover marine energy technology research, industrial clustering, and integrated applications, as well as the development of marine pharmaceuticals and biological products.
Why this event matters
The event has a measured impact on 5 industrys. The strongest current signal is positive for Wind & Solar Power, with intensity 70/100 and 75% confidence over a long term horizon.
Wind & Solar Power
- Direction
- positive
- Intensity
- 70
- Confidence
- 75%
- Horizon
- Long term
Batteries & Energy Storage
- Direction
- positive
- Intensity
- 65
- Confidence
- 70%
- Horizon
- Long term
Biotechnology
- Direction
- positive
- Intensity
- 60
- Confidence
- 65%
- Horizon
- Long term
Pharmaceuticals
- Direction
- positive
- Intensity
- 55
- Confidence
- 60%
- Horizon
- Long term
Shipbuilding
- Direction
- positive
- Intensity
- 50
- Confidence
- 60%
- Horizon
- Long term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.