风电设备：英国取消风电组件进口关税，持续看好风电设备出海

Investment Rating - The industry investment rating is "Outperform the Market" [3][6]. Core Insights - The UK government has announced the removal of import tariffs on 33 wind power components effective April 1, aimed at strengthening the offshore wind supply chain and enhancing the international competitiveness of domestic manufacturing [6]. - The UK holds a significant position in the European offshore wind market, with nearly half of the total installed capacity. As of the end of 2024, the UK is expected to have 15.9GW of installed capacity out of a total of 36.66GW in Europe [6]. - The recent allocation results from the seventh round of Contracts for Difference (CfD) indicate a strong future for offshore wind in the UK, with over 25GW of offshore wind expected to be connected to the grid in the coming years [6]. Summary by Sections Investment Highlights - The removal of tariffs is expected to benefit domestic companies with cost and capacity advantages, particularly in critical areas such as towers and subsea cables [6]. - The upcoming rounds of CfD are likely to exacerbate supply chain bottlenecks, making the tariff removal timely for the anticipated peak in offshore wind installations [6]. Market Performance - The wind power equipment sector has shown significant growth, with a 1-month increase of 7.40%, a 3-month increase of 36.13%, and a 12-month increase of 82.99%, outperforming the CSI 300 index [4].