风电行业周报（20250331-20250404）：周内广东阳江三山岛柔直工程海缆开标，阳江青洲七开工建设

Investment Rating - The report maintains a "Recommended" investment rating for the wind power industry, indicating an expectation of growth exceeding the benchmark index by more than 5% in the next 3-6 months [3][45]. Core Insights - The report highlights significant developments in the wind power sector, including the commencement of major projects such as the Yangjiang Qingzhou Seven (1000MW) and the opening of bidding for the Yangjiang Sanshan Island flexible direct current project [2][28]. - It emphasizes the robust pipeline of offshore wind projects, with a total of 68GW in various stages of development, including competitive allocation, approval, and construction [28]. - The report identifies three key investment themes: high reserve of domestic offshore wind projects, increased bidding activity for onshore wind in 2024, and regional growth in overseas installations [29][31]. Summary by Sections Wind Turbine Data - During the week, 1.1GW of onshore wind turbines were bid, with a total of 22.5GW bid so far in 2025, split between 2.6GW offshore and 20GW onshore [10][13]. Submarine Cable Data - The report notes that Zhongtian and Dongcable are expected to win the bidding for the Yangjiang Sanshan Island flexible direct current submarine cable project, with a total capacity of 2GW [16][22]. Offshore Wind Progress - The Yangjiang Qingzhou Seven project has commenced construction, with significant ongoing projects across various provinces, particularly in Guangdong, Shandong, and Fujian [28][30]. Investment Recommendations - The report suggests focusing on companies involved in offshore wind projects, cable manufacturing, and components, including Mingyang Smart Energy, Oriental Cable, and Zhongtian Technology [29][31].