GOLDWIND(SZ:002202) 2 1 Shi Ji Jing Ji Bao Dao·2025-09-11 13:51Core Viewpoint - The rapid rise of hydrogen and ammonia integration projects is driven by increasing investments in renewable energy, particularly wind and solar, with companies like Goldwind Technology leading the charge in this sector [3][4][7]. Group 1: Investment and Projects - Goldwind Technology plans to invest approximately 18.92 billion yuan in the Bayannur project, which will integrate wind power with hydrogen and methanol production [3][4]. - The company has previously invested in the Inner Mongolia Xingan League project, recognized as the world's largest wind-powered green methanol project, and is involved in the largest green hydrogen and methanol integration project globally [3][4]. - As of now, over 800 green hydrogen and methanol projects have been signed or registered in China, with planned total production capacity nearing 60 million tons per year [3][4]. Group 2: Project Details - The Bayannur project aims to construct 3 GW of wind power, with over 80% of the generated electricity dedicated to producing green hydrogen, resulting in an annual output of 600,000 tons of green methanol and 400,000 tons of green ammonia [4][5]. - The integration of biomass gasification with green hydrogen technology in the Bayannur project is expected to enhance methanol and ammonia production while reducing CO2 emissions [5][6]. - The Xingan League project, which commenced construction in April 2024, has a total investment of 13.665 billion yuan and plans to produce 500,000 tons of green methanol annually [5][6]. Group 3: Economic and Policy Drivers - The growth of hydrogen and ammonia integration projects is supported by government policies encouraging low-carbon hydrogen to replace high-carbon alternatives in various industries [7][8]. - The National Development and Reform Commission has issued guidelines promoting the development of renewable energy hydrogen production, with several pilot projects focusing on green methanol and ammonia [7][8]. - Despite the promising outlook, the economic viability of hydrogen and ammonia projects remains a concern due to high production costs, with expectations that costs will drop below 10 yuan per kilogram by 2030, significantly improving project economics [11].