风电行业：近期风电招中标情况点评

Investment Rating - The industry investment rating is "Positive," indicating an expectation that the industry index will outperform the market index by more than 5% over the next six months [9][11]. Core Insights - The total bidding scale for wind power projects from January 26 to February 14, 2025, is 462.5MW, with significant projects including a 300MW offshore wind project by China Nuclear Group [2][10]. - The total winning bid scale during the same period is 2136.75MW, with an average winning bid price of 2181 CNY/kW for onshore projects that include towers, and 1444 CNY/kW for those that do not [3][4][10]. - The highest winning bid price recorded is 2640 CNY/kW for a distributed wind power project by China Coal Pingshu Group, while the lowest is 1221 CNY/kW for an expansion project by Yunda Co [3][4][10]. Summary by Sections Bidding Scale - From January 26 to February 8, 2025, two wind power projects were tendered with a total scale of 162.5MW [2]. - From February 10 to February 14, 2025, one offshore wind project was tendered with a scale of 300MW [2]. Winning Bids - The total winning bid scale from January 26 to February 8, 2025, includes six onshore projects totaling 561.25MW, with an average winning bid price of 2181 CNY/kW [3]. - The total winning bid scale from February 10 to February 14, 2025, includes five onshore projects totaling 405MW, with an average winning bid price of 2073 CNY/kW [4]. Investment Recommendations - It is recommended to focus on investment opportunities in the offshore wind sector, particularly in areas such as submarine cables, marine engineering, and foundation piles, as well as companies with strong overseas bidding capabilities [5].