Core Viewpoint - The wind power equipment sector is experiencing significant activity, driven by favorable industry developments and policy support, particularly for offshore wind power projects [1][2][3] Group 1: Market Performance - The wind power equipment sector (801736) saw a 2.85% increase, with leading companies like Electric Wind Power (688660.SH) rising by 14.99% [1] - Key component and complete machine manufacturers such as New Strong Union (300850.SZ), Yunda Co., Ltd. (300772.SZ), and Daikin Heavy Industries (002487.SZ) also experienced gains exceeding 5% [1] Group 2: Industry Developments - The "Wind Energy Beijing Declaration 2.0" was released at the 2025 Beijing International Wind Energy Conference, setting ambitious targets for wind power capacity, including an annual addition of no less than 12 million kilowatts during the 14th Five-Year Plan [1] - The declaration emphasizes offshore wind power, aiming for a cumulative installed capacity of 1.3 billion kilowatts by 2030 and 5 billion kilowatts by 2060 [1] Group 3: Economic Viability - Offshore wind power is becoming increasingly economically viable, with the levelized cost of electricity (LCOE) projected to be between 0.28 yuan/kWh and 0.41 yuan/kWh in 2024, approaching the cost of coal power [2] - Recent policy changes, such as the extension of the 50% VAT rebate for offshore wind power until the end of 2027, are expected to support the sector's growth [2] Group 4: Technological Advancements - The transition from nearshore to deep-sea offshore wind power is progressing, with significant projects in Zhejiang and Liaoning provinces [3] - The National Energy Administration has outlined goals to advance key technologies in offshore wind power, including high-performance blades and floating foundations [3] Group 5: Future Projections - The wind power sector is expected to see an average annual installed capacity exceeding 110 GW during the 14th Five-Year Plan, with potential increases to around 120 GW from 2028 to 2030 [4]