China's Wind Power Presents Three Major Trends during the Twelfth Five-Year Plan Period

In the next five years, China’s wind power development presents three major trends: a steady increase in installed capacity and an increase in the share of offshore wind power; the increase in the size of units will continue to reduce the cost of power generation; wind power manufacturers will enter the integration stage and profits will be transferred to developers. This is the news that the reporter got at the 2011 International Wind Energy Conference and Exhibition held in Beijing recently.

First, the installed capacity showed a steady increase and the share of offshore wind power increased. Shi Pengfei, deputy director of the Wind Energy Professional Committee of the Chinese Renewable Energy Society, said that due to the rapid development of the past few years, the total amount in China has been very large. In the coming years, the installed capacity will achieve steady growth. During the period of 2015 to 2015, the wind power market in China has grown at an average rate of 15 to 20 GW per year, with offshore wind power adding an average of about 1 GW per year.

The second is the large-scale wind turbines and the cost has been greatly reduced. At present, Huayi Electric announced that it intends to use the funds raised in the recent issuance to develop 6MW wind turbines, and Huarui Wind Power has started to research and develop 10MW wind turbines. In addition, with the improvement of wind power technology, wind turbines will become cheaper and more efficient; project development costs will also decrease with the reduction of financing costs and the increasing experience of developers; and reliability of wind turbines Improvements will also reduce the average cost of operation and maintenance.

Third, wind power manufacturers entered the integration stage and profits were transferred to developers. Up to now, China has more than 80 complete machine manufacturing enterprises. Among them, the top three China Huarui Wind Power, Goldwind Technologies and Dongqi have reached 56% of the cumulative market share in China's wind power market, ranking the top 10 companies. The cumulative market share reached 85%, and then more than 60 companies had only 3.9% market share. At present, some SMEs have already withdrawn, and some companies are brewing to withdraw. With the further integration of the market, the value scale of the wind power industry is increasingly tilted towards wind power developers. The integration of power generation groups has made the market cakes that independent wind turbine manufacturers can get smaller and smaller.

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