风电行业周报：福建启动2.4GW海风竞配，青洲七海风项目启动塔筒招标

Investment Rating - The report maintains an "Accumulate" rating for the electric power equipment industry [6]. Core Viewpoints - The report highlights the initiation of the Qingzhou Qihai offshore wind farm project, with a planned capacity of 1GW and a current tender for 500MW [4]. - The domestic offshore wind market is experiencing rapid development, with Fujian Province announcing a competitive allocation of 2.4GW for offshore wind projects [4]. - The report notes a decline in the wind power equipment sub-sector, which fell by 6.53% this week, underperforming compared to other electric power equipment sub-sectors [19][21]. Market Performance Review - The electric power equipment sector saw a decline of 1.85% in the week from November 11 to November 15, 2024, ranking 6th among 31 primary industries [19]. - Year-to-date, the electric power equipment sector has increased by 4.98%, ranking 14th among the same industries [19]. - The wind power equipment sub-sector has decreased by 4.84% year-to-date, indicating a lag behind other sub-sectors [21]. Wind Power Installation Data - In the first nine months of 2024, China added 39.12GW of wind power capacity, representing a year-on-year increase of 16.85% [36]. - In September 2024 alone, the country added 5.51GW of new wind power capacity [36]. Wind Power Approval Data - From January to October 2024, a total of 80.04GW of wind power projects were approved in China, including 64.44GW of onshore projects and 14.68GW of offshore projects [48]. Wind Power Equipment Tender Data - This week, 21 wind power projects initiated turbine procurement, totaling 28.19GW, including the Dalian Huayuan Kou I and II offshore wind projects [51]. - A total of 15 wind power projects were opened for bidding this week, with a total capacity of 3976.7MW [56]. Upstream Raw Material Price Data - The average price of medium-thick plates this week was 3706.80 yuan/ton, a decrease of 0.58% from the previous week [62]. - The average price of scrap steel was 2190.00 yuan/ton, an increase of 1.11% from the previous week [62]. Investment Recommendations - The report suggests focusing on growth-oriented companies benefiting from offshore wind demand, such as Dongfang Cable, Tiensun Wind Power, and Qifan Cable [4]. - Companies with strong overseas market expansion capabilities, such as Dajin Heavy Industry, Tiensun Wind Power, and Zhenjiang Co., are also recommended [4]. - Wind turbine manufacturers with recovering profitability, including Goldwind Technology, Mingyang Smart Energy, Sany Heavy Energy, and Yunda Co., are highlighted as potential investment opportunities [4].