中金公司:2026年风电设备产业链盈利有望呈现更为全面的提升
Zheng Quan Shi Bao Wang·2025-12-30 00:33

Core Viewpoint - The outlook for domestic and overseas wind power demand in 2026 is optimistic, driven by rising prices of onshore wind turbines in China, accelerated industry exports, and potential flexibility in domestic offshore wind power, leading to a comprehensive improvement in industry chain profitability [1] Group 1: Domestic Wind Power - It is projected that new installed capacity for domestic wind power will reach 130-140 GW in 2026, continuing to grow from a high base of 120-130 GW in 2025 [1] - The primary source of this growth is expected to be onshore wind power, while offshore wind power is anticipated to add 10-12 GW in 2026, up from 7-9 GW in 2025, indicating rapid growth [1] Group 2: Overseas Wind Power - The demand for onshore wind power in emerging markets is expected to flourish, with a high level of activity in offshore wind power construction anticipated to be maintained over the next two years [1]