Core Insights - The report from Tianfeng Securities highlights the accelerated construction of data centers in Europe, which has led to a noticeable power supply and demand imbalance [1] - This imbalance is further driving the demand for offshore wind and power interconnection, which are unique to the European context and warrant attention towards the European offshore wind supply chain [1] - The ongoing high growth in the demand for European grid renovation is beneficial for main grid transformers and switches [1]