Development and Reform Commission: Wind Power Industry Obtains National Policy Support
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Credit Suisse: Development Potential Credit Suisse (Swedish Credit) pointed out that the wind resources in the Mainland are quite abundant and there is still much room for development. According to a number of different new energy research institutions, China’s potential land-based wind resources are about 2,680. Jiwa to 3,250 GW, and as of 2009, the installed capacity of wind power in the Mainland was only 25.8 GW, which shows that it has great potential for development.
In addition, the development cost of wind power also decreased. Credit Suisse pointed out that wind turbines (wind turbines) that account for about 60% to 70% of wind farm costs have been declining in the past few years, and the cost of local goods fell by 24.6% between 2007 and 2010. A drop of 29.4%.
This is due to an increase in the number of wind turbine manufacturers, improvements in product types and quality, and the successful localization of wind turbine production in the past few years, which has reduced the cost of purchasing wind turbines in wind farms.
Development support is yet to be improved but investors should pay attention to the fact that wind power operations in the Mainland are also faced with many challenges.
In terms of geographical restrictions, Credit Suisse pointed out that most of the wind resources in the Mainland are concentrated in remote areas where electricity consumption is low, such as Inner Mongolia or Gansu, which have abundant wind resources. However, the local electricity consumption is low and it is necessary to transmit electricity to nearby industrial centers. Liaoning will need to build additional facilities such as good power transfer stations and distribution centers.
In addition, after the wind farms have produced electricity, they need to distribute the electricity to the power grid before they can be used directly by users. However, Credit Suisse pointed out that some regions in China have insufficient power grid investment, which has limited the development of wind power to some extent.
In addition, the wind power industry itself is also facing some negative factors.
Huabao Securities pointed out that due to the slowdown in domestic wind turbine installations, global wind power installed capacity growth rate slowed down last year; and now global and China's wind power equipment manufacturers are also in the integration period, and are in the transition period of survival.