"Dual Carbon" target drives the explosion of demand for wind power equipment
With the advancement of the global "carbon peak and carbon neutrality" goal, wind power, as an important part of clean energy, ushers in a new round of explosive growth. Recent data shows that demand for wind power equipment has surged, upstream and downstream enterprises in the industrial chain have expanded production, and the capital market has also shown great concern about this. The following is a review and analysis of popular topics and hot contents on the entire network in the past 10 days.
1. Wind power equipment demand surges, leading companies are full of orders
According to public statistics, in the third quarter of 2023, the number of domestic wind power equipment bidding increased by more than 50% year-on-year, and the orders of major wind power equipment manufacturers have been scheduled to 2024. The following are the order situations of some leading companies:
| Company Name | Order volume (GW) | Year-on-year growth | Production schedule |
|---|---|---|---|
| Goldwind Technology | 15.2 | 45% | Q2 2024 |
| Mingyang Intelligence | 12.8 | 60% | Q1 2024 |
| Vision Energy | 10.5 | 55% | Q3 2024 |
As can be seen from the table, the demand for wind power equipment has shown explosive growth, leading companies have full orders, and the production scheduling cycle is generally extended to next year.
2. Policies promote the acceleration of wind power installed capacity
Recently, the National Development and Reform Commission and the Energy Administration jointly issued the "Guiding Opinions on Promoting the High-Quality Development of Wind Power", which clearly proposed the goal of wind power installed capacity reaching more than 600 million kilowatts by 2025. The following is a comparison of wind power installed capacity and future goals in recent years:
| years | Installed wind power capacity (100 million kilowatts) | Year-on-year growth |
|---|---|---|
| 2020 | 2.8 | 15% |
| 2021 | 3.3 | 18% |
| 2022 | 3.8 | 15% |
| 2025 (Target) | 6.0 | 58% |
Driven by policy, the installed capacity of wind power will increase significantly, and the average annual growth rate will need to remain above 15% in the next three years, further driving the demand for wind power equipment.
3. The capital market is rising
The wind power equipment sector has become a hot spot in the capital market recently, with the stock prices of many listed companies hitting record highs. The following are the stock price performance of some listed companies in the wind power equipment sector in the past 10 days:
| Company Name | Stock price (yuan) | Increase (next ten days) | Price-to-earnings ratio (PE) |
|---|---|---|---|
| Goldwind Technology | 18.5 | 12% | 25 |
| Mingyang Intelligence | 32.7 | 15% | 30 |
| Vision Energy | 45.2 | 20% | 35 |
Judging from the stock price performance, the wind power equipment sector is favored by funds, and the market is optimistic about its future development.
4. Coordinated development of upstream and downstream of the industrial chain
The explosion of wind power equipment demand has also driven the coordinated development of upstream and downstream industrial chains. Companies such as blades, towers, and bearings have expanded production to meet the order needs of the OEMs. The following is the capacity expansion of some key components:
| Component Type | Major enterprises | Expanding production scale | Expected production time |
|---|---|---|---|
| blade | China Material Technology | New production capacity of 2,000 sets per year | Q1 2024 |
| Tower | Tianshunfeng Energy | New production capacity is 500,000 tons per year | Q4 2023 |
| Bearings | New strong alliance | 100,000 new production capacity per year | Q2 2024 |
The coordinated development of the industrial chain provides strong support for the explosion of wind power equipment demand, and the scale effect of the wind power industry will further emerge in the future.
5. Summary and Outlook
Driven by the "dual carbon" goal, the wind power industry has ushered in historic development opportunities. Multiple factors such as policy support, market demand, and capital support jointly promote the explosion of wind power equipment demand. In the future, with technological progress and costs falling, wind power will occupy a more important position in the global energy structure and contribute to the realization of the goal of "carbon peak and carbon neutrality".
The explosion of wind power equipment demand has also brought huge business opportunities to related companies, but at the same time it also faces challenges such as fluctuations in raw material prices and intensified international competition. Enterprises need to accelerate technological innovation and enhance core competitiveness to cope with future market changes.
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