Germany vigorously promotes the development of wind power and plans to have at least 145gw of wind power installed in 2030 According to the official account of WindDaily in 22 April 10th, Germany has recently passed the Easter package plan, hoping that renewable energy will meet the local 80% electricity demand in 2030. The plan is to install wind power installed at least 145GW in 2030, including at least 115GW of offshore wind power and at least 30GW of offshore wind power. In terms of offshore wind power, it hopes to reach 40GW in 2045 and 2045 to 70GW in 2045. The cumulative installed capacity of offshore wind power is 7.7gw. In the future, the new installed capacity in Germany needs to reach 7.35gw/year on land and 2.79gw/year on sea. The plan will help Germany get rid of its dependence on Russian fossil fuels, improve national energy security and help cope with the climate crisis. We believe that Germany’s actions represent the future direction of energy structure adjustment in European countries to a certain extent, and green energy such as wind power, photovoltaic and nuclear power will benefit.
The technology generation gap between Chinese and foreign complete machine manufacturers has narrowed, Chinese complete machine manufacturers have successively arranged abroad, and the industrial chain is expected to benefit from the development of wind power in Europe. According to the summary of performance statement on Xinjiang Goldwind Science And Technology Co.Ltd(002202) 4 / 8, Goldwind will bid for more than 7mw onshore models and develop more than 15MW offshore fans in 22 years. Moreover, the company will continue to expand overseas markets through localized operation in Europe, and is expected to achieve a market share of 5% outside China in 25 years; According to the push of daily wind power on April 7, Vestas released v172-7.2mw new model, which is the largest onshore wind turbine in the world at present. As the representative of China’s complete wind turbine, the technical generation gap between Jinfeng and Vestas, the global leader, has been significantly reduced, and the complete machine manufacturers such as Jinfeng and Mingyang have layout at home and abroad. The domestic wind turbine industry chain is expected to benefit from the development of overseas wind power.
Investment suggestions: we suggest to grasp investment opportunities from the following perspectives: 1 Recommend China’s tower flange leader Jiangyin Hengrun Heavy Industries Co.Ltd(603985) , which has the logic of going to sea. The main business has a high market position and strong profitability. It is new to the bearing field, and the second growth curve is gradually opened; 2. Recommend Haili wind power, the leader of China’s offshore tower / pile foundation with sea going logic, with high-quality production capacity, rooted in Jiangsu and gradually distributed nationwide, benefiting from the development of offshore wind power, and pay attention to Titan Wind Energy (Suzhou) Co.Ltd(002531) , Dajin Heavy Industry Co.Ltd(002487) and other tower manufacturers; 3. Recommend Ficont Industry (Beijing) Co.Ltd(605305) , the leader of high-altitude operation equipment in the field of wind power. The company has a high share in China. It has made greater efforts to expand the overseas market, and the offshore revenue has increased rapidly; 4. Pay attention to the duopoly Jinlei Technology Co.Ltd(300443) , Tongyu Heavy Industy Co.Ltd(300185) , the two companies account for about 50% of the global market, have excellent competition pattern and profitability, and will take the lead in benefiting from the development of overseas wind power; 5. Recommend the pioneer of domestic replacement of wind turbine bearings Luoyang Xinqianglian Slewing Bearings Co.Ltd(300850) , and have successfully developed 5.5MW wind turbine main shaft bearing products, which is expected to benefit from large-scale and domestic replacement of main bearings; 6. Recommend the submarine cable leader Ningbo Orient Wires & Cables Co.Ltd(603606) , the competition pattern of high barrier industry is stable, and it is expected to significantly benefit from the sea breeze; 7. It is suggested to pay attention to Jiangxi Huawu Brake Co.Ltd(300095) , Zhejiang Xcc Group Co.Ltd;(603667) , Jiangsu Lixing General Steel Ball Co.Ltd(300421) and other links ( covered by the new power group).
Risk warning: price fluctuation of raw materials; The installed capacity of wind power is less than expected; The policy is not as expected; The risk of intensified market competition; The risk of trade friction.
