风电出海获丰收，主机价格全面回升｜2025中国经济年报

Core Viewpoint - The wind power industry in China is experiencing a recovery in bidding prices for wind turbines, driven by self-discipline among manufacturers and changes in bidding rules, alongside a significant increase in overseas orders for wind turbine manufacturers in 2025 [1][4]. Group 1: Wind Turbine Pricing - The average bidding price for onshore wind turbines in China from January to October 2025 is 1618 RMB/kW, reflecting a year-on-year increase of 6.86%, while the average price including towers is 2096 RMB/kW, up 9.78% [1]. - The lowest bidding price for the most popular wind turbine models increased from 960 RMB/kW in 2024 to 1439 RMB/kW in the first half of 2025, indicating a positive trend in pricing [2][3]. - The wind turbine segment achieved a revenue of 1116.50 billion RMB in the first three quarters of 2025, a year-on-year increase of 35.81%, although net profit decreased by 2.73% [3]. Group 2: Overseas Expansion - Chinese wind turbine manufacturers secured a record 19.28 GW in overseas orders in the first three quarters of 2025, marking a 187.8% increase year-on-year [4]. - Companies like Goldwind and Sany Heavy Energy have made significant strides in securing overseas contracts, including orders in Europe, which are strategically important for market expansion [4][5]. - The average price of Chinese wind turbines in overseas markets is higher than in domestic markets, with a 29% premium in the Asia-Pacific region and 45% in Europe, while still being approximately 20% lower than Western competitors [5]. Group 3: Market Outlook - The wind power industry is expected to enter a new phase of annual installations exceeding 10 million kW, supported by new national contribution targets and robust domestic market growth [1][7]. - The wind power sector aims for an annual installation capacity of no less than 12 million kW during the 14th Five-Year Plan, with cumulative capacity targets set for 2030 and 2035 [6]. - The economic and technical development potential of wind energy resources in various regions of China exceeds 75 billion kW, indicating substantial growth opportunities for the industry [7].