风电行业周报：福建428MW海上风电获核准，汕尾红海湾三500MW风机中标

Investment Rating - The report maintains an "Accumulate" rating for the electric equipment industry [2]. Core Viewpoints - The offshore wind sector is experiencing rapid development, and there are significant opportunities for investment in this area [2][3]. - The report highlights the approval of several offshore wind projects in Fujian, totaling 428MW, and the commencement of construction for the Cangnan offshore wind project [2]. - The report emphasizes the importance of focusing on companies that benefit from the growing demand for offshore wind energy, such as Dongfang Cable, Tiensun Wind Energy, and Qifan Cable [3]. Summary by Sections 1. Wind Power Sector Market Review - The electric equipment sector saw a weekly change of +1.32%, ranking 29th among 31 primary industries [16]. - The wind power equipment sub-sector experienced a slight increase of +0.41% during the same period [20]. - In the first ten months of 2024, China's newly installed wind power capacity reached 45.80GW, a year-on-year increase of 22.76% [40]. 2. Wind Power Industry Chain Tracking 2.1 Wind Power Installation Data - In October 2024, the newly installed wind power capacity was 6.68GW, marking a year-on-year increase of 74.41% [40]. 2.2 Wind Power Approval Data - From January to November 2024, a total of 89.39GW of wind power projects were approved, including 73.49GW of onshore projects and 14.89GW of offshore projects [51]. 2.3 Wind Turbine Bidding Data - During the week of December 2-6, 2024, 18 wind power projects were initiated for bidding, with a total bidding scale of 2299.3MW [54]. - The average winning bid for the offshore wind project in Guangdong was 2505 yuan/kW [58]. 3. Investment Recommendations - The report suggests focusing on growth-oriented companies benefiting from offshore wind demand, such as Dongfang Cable and Tiensun Wind Energy [3]. - Companies with strong capabilities in expanding overseas markets, like Dajin Heavy Industry and Zhenjiang Co., are also highlighted [3]. - Wind turbine manufacturers with recovering profitability, such as Mingyang Smart Energy and Goldwind Technology, are recommended for investment [3].