On December 14, the general office of Guangdong provincial government issued the 14th five year plan for marine economic development in Guangdong Province. The plan proposes to build an offshore wind power industry cluster. Support the comprehensive development and utilization of marine resources, promote the combination of offshore wind power project development with marine pasture, offshore hydrogen production, tourism and marine comprehensive test site, and strive to achieve a cumulative installed capacity of 18 million KW by the end of 2025; Promote the development of offshore wind power industry clusters, accelerate the construction of offshore wind power industry bases in Yangjiang and eastern Guangdong, and strive to achieve an annual production capacity of 900 wind power units (sets) in the province by 2025.
Everbright Securities Company Limited(601788) believes that under the background of carbon neutralization, offshore wind power or wind power is the main force for growth. According to the statistics of provincial policy objectives, the installed capacity of new offshore wind power in China will reach 34.7 million KW from 2021 to 2025. According to GWEC’s data, by the end of 2020, China’s offshore wind power installed capacity is 9.99 million KW. Considering the new installed capacity of each province, China’s offshore wind power installed capacity will reach 44.69 million kW in 2025, and the five-year CAGR will be 35%. In the next five years, with the rapid growth of China’s offshore wind power installation scale, the demand for wind power materials such as carbon fiber, matrix resin, core material (sandwich material), adhesive (structural adhesive) will be greatly driven.
According to CPIA, in 2020, the share of wind energy and Cecep Solar Energy Co.Ltd(000591) power generation in the global energy structure reached the largest increase ever. Dongguan Securities believes that with the continuous and rapid development of renewable new energy, China’s wind power market will occupy a greater market share in the world in the future. With the continuous and rapid development and construction of offshore wind power projects in coastal provinces, China’s leading wind turbine enterprises will still have huge development space in the future. It is recommended to pay attention to fan faucets Xinjiang Goldwind Science And Technology Co.Ltd(002202) , Ming Yang Smart Energy Group Limited(601615) , Zhejiang Windey Co.Ltd(300772) .
(Securities Times)
