风电行业周报（20250707-20250711）：周内山东海风招标0.6GW，陆风中标均价达1793元/kW-20250714

Investment Rating - The report maintains a "Recommendation" rating for the wind power industry, indicating an expected increase in the industry index by more than 5% over the next 3-6 months compared to the benchmark index [1][37]. Core Insights - The report highlights significant developments in the wind power sector, including a total of 1.4GW of wind turbine bids this week, with 0.6GW for offshore wind and an average winning bid price of 1793 yuan/kW for onshore wind [1][10][16]. - As of July 11, 2025, the total bidding for wind power projects this year reached 46.5GW, with offshore and onshore projects accounting for 4.2GW and 42.3GW, respectively [10][18]. - The report emphasizes three main investment themes: high reserve projects for offshore wind, robust bidding for onshore wind in 2024, and significant growth in overseas installations [20][23]. Summary by Sections Wind Turbine Data - This week saw 0.6GW of offshore wind bidding initiated in Shandong, with a total of 1.4GW of wind turbines bid, including 0.8GW for onshore projects [10][16]. - The average winning bid price for onshore wind turbines was reported at 1793 yuan/kW, with major manufacturers exceeding 1300 yuan/kW [16][18]. Offshore Wind Progress - As of July 11, 2025, there are 71GW of offshore wind projects in various stages, with significant reserves in provinces like Guangdong and Shandong [18][22]. - Recent developments include the completion of foundation piling for a 504MW project in Shandong and a 900MW project in Guangxi with a bid amount of 820 million yuan [18][22]. Investment Recommendations - The report suggests focusing on three investment lines: high reserve offshore wind projects, increased bidding for onshore wind, and growth in overseas installations [20][23]. - Recommended companies include Mingyang Smart Energy, Oriental Cable, Zhongtian Technology, and others involved in the wind power supply chain [20][23].