In order to achieve the goal of "double carbon", new energy such as wind power has developed rapidly in recent years, and the expansion of wind power projects by listed companies has also been "one after another".
On the evening of March 1, Yunnan Energy Investment Co.Ltd(002053) ( Yunnan Energy Investment Co.Ltd(002053) . SZ) issued a fixed increase plan. The company plans to raise 1.866 billion yuan from no more than 35 specific investors, including Yunnan Energy Investment Group Co., Ltd. (hereinafter referred to as " Yunnan Energy Investment Co.Ltd(002053) group") and Yunnan Yuntianhua Co.Ltd(600096) Group Co., Ltd. (hereinafter referred to as " Yunnan Yuntianhua Co.Ltd(600096) group"), to invest in three wind farm projects in Yunnan Province.
"There are mainly onshore wind power projects in Yunnan." On March 2, Yunnan Energy Investment Co.Ltd(002053) a person told the 21st Century Business Herald that the company's fund-raising for the development of wind power projects is mainly to expand its main business and improve its core competitiveness around "clean energy + salt", and "at the same time, it is also in line with the background of the great development of green energy in Yunnan."
Compared with onshore wind power, the expansion of offshore wind power is also accelerating Shanghai Taisheng Wind Power Equipment Co.Ltd(300129) ( Shanghai Taisheng Wind Power Equipment Co.Ltd(300129) . SZ) issued the "company's plan for issuing A-Shares to specific objects in 2021 (Revised Draft)" on March 2, and continued to raise 1.081 billion yuan to supplement working capital.
In the interview, the 21st Century Business Herald reporter learned that the development prospect of offshore wind power is more optimistic by the market. It is expected that the installed capacity will reach 60GW by 2025, more than double the current growth space, and the bidding situation of offshore wind power this year will exceed expectations.
expansion, continue to expand
Yunnan Energy Investment Co.Ltd(002053) the fixed increase plan shows that the proposed 1.866 billion yuan will be used to invest in three wind farm projects, namely 449 million yuan "Qujing Tongquan wind farm project", 471 million yuan "Huize Jinzhong wind farm phase I project" and 946 million yuan "Honghe Yongning wind farm project".
At present, Yunnan Energy Investment Co.Ltd(002053) has built and operated seven wind farms with a total installed capacity of 370mW. If Yunnan Energy Investment Co.Ltd(002053) will add 1450mw of wind power installed capacity after the implementation of this raised investment project, which is nearly three times higher than the previous installed capacity, which can be seen from the great expansion.
The above Yunnan Energy Investment Co.Ltd(002053) person said that the total investment of the three wind farm projects is about 9.3 billion, "except for this fund-raising, the remaining funds will be solved by the company through its own funds or other financing methods."
Yunnan Energy Investment Co.Ltd(002053) expanded wind farm project is only a microcosm of the expansion of China's wind power installed capacity in the past year.
According to the national power industry statistics of 2021 recently released by the national energy administration, in 2021, the new installed capacity of wind power in China was 47.57gw (gigawatts). From the perspective of the distribution of new installed capacity, the Middle East and southern regions accounted for about 61%, and the "Three North" regions accounted for 39%. The wind power development and release Bureau was further optimized.
By the end of December 2021, the installed capacity of wind power in China was about 3.28gw, a year-on-year increase of 16.6%; The average utilization rate was 96.9%, an increase of 0.4 percentage points over the same period last year.
At present, the installed capacity of wind power grid connection in China has ranked first in the world for 12 consecutive years.
"We recently learned that enterprises have high enthusiasm for developing wind power projects." A new power industry analyst of a coupon merchant told the 21st Century Business Herald that the average utilization rate of wind power in China last year was 96.9%, up 0.4 percentage points year-on-year. "It shows that the utilization rate of wind power has increased. Under the background of 'double carbon', the prospect of wind power industry is still good."
offshore wind power is more "sought after"
In the early stage of China's wind power development, wind turbines were mostly installed in onshore wind rich areas. Therefore, China's previous wind power was mainly onshore wind power. However, in recent years, China's offshore wind power has developed faster.
Recently, the National Energy Administration announced the construction and operation of wind power in 2021. In 2021, among the 47.57gw of newly installed wind power in China, offshore wind power suddenly emerged, with an annual newly installed capacity of 16.90gw, a year-on-year increase of 452%. Onshore wind power added 30.67gw, a year-on-year decrease of 55%.
"From the perspective of resource endowment, the potential development space of China's offshore wind energy resources is huge, and the far-reaching sea will also be the key development field of China's offshore wind in the future." On March 2, Titan Wind Energy (Suzhou) Co.Ltd(002531) secretary Zhu bin told the 21st Century Business Herald reporter that he was more optimistic about the development prospect of offshore wind power. "After all, offshore wind power is one of the high-quality new energy resources, which is of great significance to the low-carbon transformation of power."
He believes that under the pressure and opportunities of parity, China's offshore wind power industry shows strong flexibility and great potential. "Last year, onshore wind power achieved parity, and this year offshore wind power is about to enter the era of parity. Only in this way can owners have a better rate of return and continue to promote the development of offshore wind power industry. When parity can be achieved depends on the efforts of the industrial chain."
According to the research data, China's installed wind power has reached the first in the world by the end of 2026 GW in total.
In order to lay out the 14th five year plan and future wind power construction, the state and southeast coastal provinces have made relevant plans for offshore wind power. By the end of 2025, China's offshore wind power installation will reach 60GW Guangdong, Jiangsu and other provinces with good wind energy resources have gradually accelerated the construction of existing offshore wind power bases and gradually promoted the development of offshore wind power in the direction of deep sea and open sea.
"Last year, the installed capacity of offshore wind power in the world was only 19.5gw, and China added 16.90gw, accounting for 87%. It can be imagined how fast our offshore wind power is developing." The above-mentioned new power industry analysts frankly said that from the perspective of investment, we should layout some concept stocks of offshore wind power. "In the next three years, our offshore wind power installation will more than double, and this growth space is still not small."
Recently, Haili wind power (301155. SZ) announced that it had signed the project construction agreement with the Management Committee of Rudong Coastal Economic Development Zone, Jiangsu Province, and planned to invest in the construction of high-end wind power equipment manufacturing project, with a total investment of about 1 billion yuan.
Shanghai Taisheng Wind Power Equipment Co.Ltd(300129) 's fixed increase fund-raising is also to supplement working capital to develop offshore wind power. On March 2, a person from the Securities Department of the company told the 21st Century Business Herald that compared with onshore wind power, the larger capital consumption and longer production cycle of offshore wind power business will put forward higher requirements for the company's capital chain. "This is a capital intensive industry, so the company will supplement working capital, but we don't know when the fixed increase project will be approved."
bidding may usher in a growth period
According to GWEC prediction, the newly installed capacity of global offshore wind power is expected to exceed 70gw from 2021 to 2025, with a compound annual growth rate of about 31.5%. By 2025, the proportion of the newly installed capacity of global offshore wind farms in the total newly installed capacity of global wind power is expected to increase from 6.6% in 2020 to 21.3%.
With the clear development prospect of offshore wind power, the bidding capacity of offshore wind power has also begun to increase recently.
Recently, the bid winning results of Shandong energy 500MW offshore wind power EPC project were announced, and Central South Survey, design and Research Institute Co., Ltd. of Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) group won the bid, with a bid price of 5.63 billion yuan. The construction period requirement is "complete the reverse power transmission of offshore booster station before October 15, 2022, and complete the full capacity grid connection before December 20, 2022".
At the same time, the bid opening price of fans has constantly refreshed the bottom line, and the competition is extremely fierce.
The bid evaluation results of "zheneng Taizhou No.1 offshore wind farm project" show that the planned installed capacity of the project is 30GW, and the unit capacity of the project is required to be 7.0-9.0mw. A total of 7 manufacturers of Dongfang Electric Corporation Limited(600875) , prospective energy, Ming Yang Smart Energy Group Limited(601615) , Shanghai Electric Wind Power Group Co.Ltd(688660) , Harbin electric power wind energy, China offshore equipment and Zhejiang Windey Co.Ltd(300772) participated in the bidding.
In the end, Dongfang Electric Corporation Limited(600875) won the bid with a unit price of 3548 yuan / kW (kw), setting a new record for the lowest in the history of the wind power industry.
"The decline of offshore wind turbine prices is directly related to the decline of industry subsidies, and there is also room for cost reduction." Zhu bin told the 21st Century Business Herald that with the large-scale fan, there is still room for price reduction, "The original 5 MW main engine is now 10 MW main engine, and the number of units will be reduced by half. In the long run, large-scale will certainly be beneficial to the reduction of the cost of offshore wind power. In addition, if offshore wind power wants to have a good development in the future, it must enter the parity stage like onshore wind power."
In 2019, on the occasion of the "rush year" of wind power, large-scale equipment bidding was conducted for offshore wind power projects, but it began to decrease significantly after 2020. There was a blank period of project bidding in the first half of 2021.
Until the second half of 2021, the bidding of offshore wind power began to appear one after another. The China Industrial Securities Co.Ltd(601377) research report believes that China's offshore wind power bidding will usher in a growth period again in 2022.
For the situation of offshore bidding, Zhu Bin said that the bidding data from January to February this year is still good.
At the beginning of 2022, China's wind power developers issued a series of re tenders for the supply of wind turbines for the wind farms launched in 2024 / 2025. According to the bidding data, the bidding price of new wind turbine supply submitted by Chinese complete machine manufacturers has decreased by 37.9% on average compared with the level from 2019 to 2021, indicating that the whole industry is trying to reduce the total cost of wind turbines.
In the interview, most people in the industry told the 21st Century Business Herald that the offshore wind power industry that no longer depends on government subsidies will have a broader market space.
