Image source: Visual China

Interface News Reporter |

China's annual wind power hoisting capacity data was announced, and the new installed capacity continued to increase last year, and exports still increased significantly.

Recently, the "2024 China Wind Power Hoisting Capacity Statistical Briefing" released by the Wind Energy Professional Committee of the China Renewable Energy Society showed that last year, there were 14,388 new wind power installations in the country, with a capacity of 86.99 million kilowatts, a year-on-year increase of 9.6%.

In terms of exports, China exported 904 new wind turbines last year, with a capacity of 5,193.7 MW (megawatts, 1 megawatt = 1,000 kilowatts), a year-on-year increase of 41.7%. This export capacity has reached a new record high.

Among them, 882 onshore wind turbines were exported, totaling 5115.5 MW; 22 offshore wind turbines were exported, totaling 78.2 MW.

According to data from the Wind Energy Professional Committee, a total of five domestic machine manufacturers exported wind turbines to 23 countries last year.

Among them, Goldwind exported to 15 countries, with a total of 450 units, with a capacity of 2478.4 MW, accounting for nearly half; Envision Energy exported a total of 378 units to 8 countries, with a capacity of 2,284.8 MW, accounting for about 33%. These two companies have obvious overseas advantages, and there is a big gap with other enterprises.

In addition, Yunda shares are exported to 4 countries, Mingyang Intelligent is exported to 2 countries, and electric wind power is exported to 2 countries.

Among the 23 countries that China exported wind power last year, the top five countries were Saudi Arabia (15%), Uzbekistan (13.1%), Brazil (12.5%), Egypt (10.8%) and Kazakhstan (7.2%).

As of the end of last year, China's wind turbines were exported to 57 countries on six continents, three more than in 2023, namely Azerbaijan, South Korea and Indonesia.

At present, the output value of each link of China's wind power industry chain accounts for more than 60% of the global market, and the overseas wind power market is broad enough.

Qin Haiyan, secretary-general of the Wind Energy Committee of the China Renewable Energy Society, has predicted that in 2028, 70 million kilowatts of onshore wind power and nearly 20 million kilowatts of offshore wind power are expected to be added to markets outside China. The development of wind power has become the consensus and action of all countries around the world to achieve energy security and respond to climate change.

As far as the domestic market is concerned, China's new onshore wind power capacity was 81.37 million kilowatts last year, an increase of 12.71% year-on-year, accounting for 93.5% of all new installed capacity; The newly installed capacity of offshore wind power was 5.619 million kilowatts, a year-on-year decrease of about 21.77%, accounting for 6.5% of the total new installed capacity.

Jiemian News noticed that compared with the data in 2023, the proportion of offshore wind power has decreased. In 2023, offshore wind will account for 9% of all new installed capacity; In 2022, it accounted for 10.3%.

At present, there are still some constraints on the development of sea breeze in China. Due to the long distance from the shore and the large changes in offshore working conditions, it will lead to difficulties in the early construction and later maintenance of the project, including the loss of corrosion caused by offshore meteorological disasters to the wind farm, the difficulty of follow-up personnel maintenance, and the time to resume operation, etc., which will have an important impact on the installation cost and maintenance cost of offshore wind power and become part of the cost of electricity.

Previously, GF Securities released a research report saying that the installed capacity of wind power in the first three quarters of 2024 was slightly lower than expected, and the operation of the industrial chain was under pressure under the pressure of industry shrinkage.

However, the agency is still optimistic about the development of this part of the industry. It said that since the third quarter of last year, the domestic sea breeze has ushered in multiple catalysts, and the recovery of industry demand can be expected; Under the "14th Five-Year Plan" goal, the development goals of sea breeze in various provinces and cities are firm, and they are optimistic about the high increase in sea wind bidding and installed capacity in 2025, and it is expected that the installed capacity of sea wind may reach 12-15GW in 2025.

At the beginning of this year, the offshore wind power industry ushered in a new policy at the national level, and the Ministry of Natural Resources issued the Notice on Further Strengthening the Management of Sea Use for Offshore Wind Power Projects (hereinafter referred to as the "Notice").

The relevant person in charge of the Department of Sea Island Management of the Ministry of Natural Resources publicly stated that the issuance of the "Notice" is deeply in line with the practical needs of the development of the offshore wind power industry and the management of sea use. With the rapid development of offshore wind power technology, offshore wind power has shown a trend from offshore and shallow sea to offshore and deep sea, and the demand for offshore wind power upgrading and transformation is increasing, and the sea control indicators, approval procedures and ecological sea use requirements for offshore wind power need to be further improved.

"On the basis of fully understanding the management policies of offshore wind power at home and abroad and absorbing relevant local management experience, the Notice further guides and regulates the issues involved in the management of offshore wind power projects at the national level, such as spatial layout, conservation and intensification, approval of sea use, and ecological sea use, which can effectively promote the sustainable and healthy development of the offshore wind power industry." The person said.

Statistics from the Wind Energy Professional Committee show that in terms of capacity, the current trend of large-scale wind turbines has not changed. According to the data of the Wind Energy Professional Committee, last year, the average single capacity of newly installed wind turbines in the country was about 6.05 MW, a year-on-year increase of 8.1%, of which the average single capacity of onshore wind turbines was about 5.89 MW, a year-on-year increase of 9.6%; The average capacity of offshore wind turbines was 9.98 MW, a year-on-year increase of 3.9%.

In 2024, there will be a total of 13 new machine manufacturers in China's wind power market, with the top five having a combined market share of 75% and the top ten having a combined market share of 98.6%.

The statistics also disclose the latest ranking of China's wind power enterprises' newly installed capacity, the top five last year were Goldwind Technology (002202.SZ), Envision Energy, Mingyang Intelligent (601615.SH), Yunda (300772.SZ), Sany Renewable Energy (688349.SH), the industry leader Goldwind Technology's market share increased to 21.5%, 5.8 percentage points higher than the second place, and the advantage was further expanded.

Compared with the 2023 rankings, the biggest difference is that the rankings of Mingyang Intelligence and Yunda are reversed, and the former is back into the top three camps.

Image source: Wind Energy Committee of the Chinese Renewable Energy Society

The

latest rankings from sixth to tenth are Dongfang Electric, CRRC, Electric Wind Power, CSSC Marine, and United Power. Compared to 2023, the seventh and eighth positions have been reversed.

It is worth noting that the only foreign company in this list is Vestas, which will remain in 13th place in 2024, but its market share will be further reduced to 0.04%, and the market share of this company will be 0.1% in 2023.

Subdivided into the offshore wind power sector, a total of seven complete machine manufacturers achieved new offshore wind power installations last year, and the ranking has changed greatly.

Among them, Mingyang Intelligent continued to rank first, with 185 new installed capacity with a capacity of 1.757 million kilowatts, accounting for 31.3%, followed by Goldwind Technology, Dongfang Electric (600875.SH), Electric Wind Power (688660.SH), CSSC Marine, Envision Energy and Yunda Co., Ltd.

Compared to the previous year, Goldwind jumped from fourth to second, Envision Energy fell from second to sixth, and Dongfang Electric rose from seventh to third.

Qin Haiyan predicts that under optimistic expectations, China's new wind power capacity is expected to reach 105 million to 115 million kilowatts in 2025, continuing to hit a record high. Among them, 95 million to 100 million kilowatts onshore and 10 million to 15 million kilowatts offshore.