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