智通财经网·2026-01-05 04:08Core Viewpoint - The wind power sector is entering a new cycle of multiple prosperity starting in 2026, driven by domestic policies and global demand growth, particularly in offshore wind energy [1][2]. Group 1: Domestic Wind Power Installation Forecast - It is projected that from 2025 to 2027, the annual new installation capacity for onshore wind in China will be approximately 100-105 GW, while offshore wind capacity will increase from 9.0 GW to 15.0 GW, with a CAGR of about 29.1% [1]. - The global wind power demand is expected to grow, with a projected CAGR of about 8.8% for new installations from 2025 to 2030, with China and Europe contributing 73% of the new capacity [1]. Group 2: Pricing and Profitability Trends - Since Q4 2024, domestic onshore wind bidding prices have significantly rebounded, expected to maintain in the range of 1600-1700 RMB/kW (excluding towers) in 2025, reflecting a year-on-year increase of 10% [2]. - The industry is entering a profitability uptrend characterized by dual recovery in pricing and structure, alongside a decrease in expense ratios [2]. Group 3: New Growth Trends - The trend of large-scale wind turbine production is slowing, which is expected to reduce risks and provide long-term benefits to cost structures [3]. - There is a significant increase in overseas wind power demand, transitioning from merely exporting products to exporting capabilities and production capacity [3]. - The inclusion of renewable energy non-electric consumption in national assessments is accelerating the layout of hydrogen and ammonia production by wind turbine manufacturers [3].