Jinwu Financial News | Wind power stocks rose collectively. Goldwind Technology (02208) rose 3.63%, China High Speed Transmission (00658) rose 3.16%, Dongfang Electric (01072) rose 2.19%, Longyuan Electric (00916) rose 2.12%, Datang New Energy (01798) rose 1.74%, and Xiehe New Energy (00182) rose 1.59%.
According to Guojin Securities, the compound annual growth rate of total new domestic wind power installations is expected to be 16% from 2023-2025, of which sea wind is 73%, which is far higher than land wind. Referring to each province's “14th Five-Year Plan” sea breeze new grid connection plan and the construction and bidding situation of existing ocean wind projects, according to the bank's forecast, the new installed capacity of Sea Wind will reach 6/10/19 GW in 2023/2024/2025, and the compound annual growth rate will reach 73%. Considering that Landwind currently has a high annual installed base, a long construction cycle, and no large-scale distributed wind power, it is expected that the scale of landwind's installed capacity will continue to develop steadily in the future. Therefore, the bank expects the total number of new wind power installations in 2023/2024/2025 to be 66/75/89GW, with a compound annual growth rate of 16%.