Xin Lang Cai Jing·2025-09-10 13:40Group 1 - The Chinese wind power market continues to grow in the first half of 2025, with new wind turbine orders reaching 80GW, including approximately 73GW for onshore turbines, a year-on-year increase of 6% [1] - Major contributors to onshore wind turbine orders include Xinjiang, Hebei, and Inner Mongolia, which together accounted for over 40% of the new orders [1] - The offshore wind market achieved its best performance since 2023, with new orders of about 6GW [1] Group 2 - Goldwind Technology leads the Chinese wind power market in new order volume with a market share of approximately 18.2%, followed by Envision Energy (16.6%), Mingyang Smart Energy (16.2%), and Yunda Co. (16%), all exceeding 10GW in order volume [1] - Several wind turbine manufacturers made breakthroughs in the offshore wind market, with Dongfang Electric ranking first in offshore turbine orders, securing 1.5GW for its DEW-D16000-262 model [1] - China CRRC followed with 1GW in offshore orders, while SANY Heavy Energy received its first offshore turbine order [1] Group 3 - Chinese wind turbine manufacturers achieved overseas orders of 7.7GW across 20 countries, marking a 51% year-on-year increase, with Envision Energy leading at 4.9GW [1] - The Indian market remains strong, with Chinese wind turbine manufacturers securing over 2GW in orders for three consecutive quarters [1] Group 4 - Wood Mackenzie reported that over half of the 166GW of onshore wind turbine orders signed in 2024 have already transitioned into construction projects, supporting growth in the onshore wind market for 2025 [2] - The report indicates a structural adjustment in the trend of wind turbine size, with orders for onshore turbines above 10MW decreasing by 14% year-on-year, while the share of mid-speed models between 7MW and 10MW has significantly increased [2] - The demand for low-wind-speed models is rising due to the scarcity of high-quality wind resource sites, while the slowdown in the trend of onshore wind turbine size has led to a price increase for onshore turbines for three consecutive quarters, with a 4% rise in Q2 2025 compared to the lowest point in 2024 [2] Group 5 - The trend of offshore wind turbine size continues, with orders for turbines above 16MW increasing by 60% year-on-year [2] - However, weak market demand has intensified competition among manufacturers, and challenging site conditions have increased cost pressures for developers, resulting in record low prices for offshore wind turbines in Q1 2025 [2] - Wood Mackenzie anticipates that strong domestic demand growth for onshore wind, rising prices for onshore turbines, and successful execution of overseas orders will drive revenue levels for Chinese wind turbine manufacturers to historical highs, with profitability further improving [2]