Understanding the Market | Wind power stocks collectively rise as domestic new installed capacity of wind power increases significantly in the first eight months, with large projects contributing more to the growth in land wind demand
Wind power stocks rose collectively, with China Transmission up 5.17%, CHINA LONGYUAN up 4.57%, and Goldwind up 4.12%. According to the National Energy Administration, the newly installed wind power capacity in the country from January to August reached 57.84 GW, an increase of 24.24 GW year-on-year. Wood Mackenzie predicts that the global newly installed wind power capacity will reach 170 GW by 2025, with an average annual addition of over 170 GW in the next five years. Ping An Securities pointed out that the Ningxia Huadian Haiyuan project marks the replacement phase of "large for small," which will significantly boost the incremental demand for onshore wind
According to the Zhitong Finance APP, wind power stocks have collectively risen. As of the time of writing, China Transmission (00658) is up 5.17%, trading at HKD 1.83; CHINA LONGYUAN (00916) is up 4.57%, trading at HKD 8.23; Goldwind (02208) is up 4.12%, trading at HKD 13.91.
In terms of news, according to the National Energy Administration's WeChat official account, the newly installed wind power generation capacity in the country reached 57.84 GW from January to August, an increase of 24.24 GW year-on-year. Additionally, a report by Wood Mackenzie indicates that the global newly installed wind power capacity is expected to reach 170 GW by 2025, setting a historical record. Over the next five years, the average annual newly installed wind power capacity globally will exceed 170 GW, and after 2028, it will accelerate further, peaking at 200 GW by 2034.
Ping An Securities stated that recently, the Ningxia Huadian Haiyuan "large replaces small" 1 million kilowatt wind power project held a groundbreaking ceremony in Caowa Township, Zhongwei City. This project case indicates that older projects with a single unit capacity of 1.5 MW have entered the replacement phase of "large replaces small." Considering that the 1.5 MW unit has historically been a major model in the country, the corresponding existing scale is large, and there is significant room for "large replaces small" replacements and capacity increases. The firm believes that "large replaces small" will contribute significantly to the incremental demand for onshore wind power in the future
