风电行业周报：《能源法》发布，鼓励合理有序开发海上风电

Investment Rating - The industry investment rating is maintained as "Overweight" [7] Core Viewpoints - The "Energy Law of the People's Republic of China" has been officially issued, promoting the development of wind and solar energy, supporting both centralized and distributed generation, and encouraging the orderly development of offshore wind power [2][31] - The wind power sector has shown a significant increase in installed capacity, with 39.12 GW added in the first nine months of 2024, representing a year-on-year growth of 16.85% [3][16] - The average bidding price for onshore wind power (including towers) is 1780 RMB/kW, while for offshore wind power (including steel towers) it is 3100 RMB/kW [4][23] Summary by Sections Market Performance - The electricity equipment sector's performance for the week of November 4-8, 2024, showed a growth of 10.17%, ranking 9th among 31 sectors [3][10] - The wind power equipment sub-sector increased by 8.88% during the same week, ranking lower compared to other sectors [11][12] Wind Power Installation Data - In the first nine months of 2024, China added 39.12 GW of wind power capacity, with a monthly addition of 5.51 GW in September [3][16] - The total wind power generation in the same period reached 673.3 billion kWh, accounting for 9.1% of the total electricity consumption [18][19] Wind Power Project Approval Data - A total of 74.56 GW of wind power projects were approved in the first nine months of 2024, including 59.36 GW of onshore and 14.28 GW of offshore projects [20][21] Wind Power Equipment Bidding Data - Eight projects initiated wind turbine procurement during the week, with a total bidding scale of 2187.5 MW, including one offshore project [4][23] - The total procurement opening for wind power equipment reached 2300 MW during the same week [23][26] Investment Recommendations - Recommended stocks include those benefiting from offshore wind demand such as Dongfang Cable, Tienshun Wind Power, and Qifan Cable [5][31] - Companies with strong overseas market expansion capabilities like Dajin Heavy Industry and Zhenjiang Co. are also highlighted [5][31] - Wind turbine manufacturers with recovering profitability such as Goldwind Technology and Mingyang Smart Energy are suggested for investment [5][31]