China saw a significant slowdown in solar and wind installations in June after new rules came into effect that threaten the profitability of renewable power projects https://t.co/qW9NupcVoR ...

Investment Rating - The industry investment rating is Attractive [5][31]. Core Insights - New wind installations in China reached 46GW from January to May 2025, representing a 134% year-over-year increase, with May alone accounting for 26.5GW [5][8]. - Wind turbine public tenders totaled 61GW in the first half of 2025, with 49GW for onshore and 12GW for offshore, marking a 17% year-over-year increase [8]. - The average onshore wind turbine (WTG) ASP (tower excluded) was Rmb1,474/kW, up 4% year-over-year but down 11% month-over-month; offshore WTG ASP (tower included) averaged Rmb2,957/kW, down 13% month-over-month [8]. - As of the end of June 2025, 19.2GW of offshore wind projects were under construction, with 2.5GW newly commissioned year-to-date [8]. Summary by Sections Wind Power Installations - New wind installations were 46GW from January to May 2025, up 134% year-over-year, with May recording 26.5GW [5][8]. Tender and Pricing Overview - Wind turbine public tenders were 61GW in 1H25, with 49GW onshore and 12GW offshore, up 17% year-over-year [8]. - Onshore WTG ASP (tower excluded) averaged Rmb1,474/kW, up 4% year-over-year, while offshore WTG (tower included) averaged Rmb2,957/kW, down 13% month-over-month [8]. Project Development - Offshore wind projects: 19.2GW under construction as of end June, and 2.5GW newly commissioned year-to-date [8].

Group 1 - Guangdong Beibu Gulf Offshore Wind Power Development Co., Ltd. has been established with major shareholders including Guangdong Wind Power Co., Ltd. holding 50% [1][2] - The registered capital of the new company is 1 billion RMB, focusing on power generation technology services, wind power technology services, solar power technology services, and energy storage technology services [2] - The establishment of this company highlights the strategic importance of the Beibu Gulf region in Guangdong's offshore wind power and marine economy development [2][3] Group 2 - The Beibu Gulf area is characterized by rich wind energy resources and moderate water depth, making it advantageous for large-scale offshore wind power development [3] - Guangdong aims to establish a 10 million kilowatt offshore wind power base in the western Guangdong region as part of its 14th Five-Year Plan [3][4] - By the end of 2024, three major offshore wind projects in Zhanjiang are expected to have a total investment of 14 billion RMB and a total installed capacity of 1.1 million kilowatts, providing approximately 3.7 billion kilowatt-hours of green electricity annually [5] Group 3 - As of mid-2025, Guangdong's offshore wind power installed capacity is projected to reach 12.51 million kilowatts, making it the highest in the country [6] - The annual power generation from this capacity is expected to exceed 36 billion kilowatt-hours, significantly reducing coal consumption and carbon emissions [6] - Guangdong has 27 offshore wind projects that have achieved full capacity grid connection, with 70% of these projects located in the western region [6][7] Group 4 - By the end of 2025, Guangdong's offshore wind power production scale is expected to reach 15 million kilowatts, with 26 projects included in the provincial key construction project plan [7] - The province is developing a complete offshore wind power industry chain, from turbine manufacturing to installation and maintenance services [7] - The rise of offshore wind power is a significant aspect of Guangdong's marine economy development, with the provincial government actively promoting marine economic initiatives [8][9]

Industry Overview - China's offshore wind sector is recovering after the end of national subsidies in 2021 [1] - The sector has rebuilt a substantial pipeline of offshore wind projects [1]

宁波能源（600982）公告，公司与浙江海风、日月股份（603218）、东方电缆（603606）共同发起设立 项目公司，负责投资建设浙江(华东)深远海风电母港象山基地项目。项目公司注册资本为12亿元，宁波 能源认缴注册资本金为2.4亿元，股权占比20%。本次投资不纳入公司合并报表范围。 ...

Policy Impact - "The One Big Beautiful Bill" 将会扼杀风能和太阳能的税收抵免 [1] Resource Competition - 人类与人工智能将在稀缺电力资源上展开竞争 [1]

Renewable Energy Policy Impact - The "One Big Beautiful Bill" is projected to eliminate tax credits for wind and solar power [1] Energy Competition - The bill may create competition between humans and AI for limited electricity resources [1]

The One Big Beautiful Bill will kill wind and solar power tax credits—and pit humans against AI in a battle for scarce electricity. (Photo: Charlie Riedel via Associated Press) https://t.co/3AIKsoqdjA https://t.co/I753iR216Q ...

Group 1 - The core issue involves the construction of a wind power project in Ling Shan County, Guangxi, which has been accused of causing environmental problems such as muddy drinking water and mountain cracks [1] - A joint investigation team has been established by the local government to address these concerns, leading to a halt in construction for rectification [1] - Initial findings indicate that the muddy water issue reported by residents was due to heavy rainfall rather than construction activities, and measures are being taken to ensure safe drinking water for affected villagers [1] Group 2 - The project has received all necessary approvals, including construction permits and environmental impact assessments [1] - The reported mountain cracks were attributed to inadequate slope protection and temporary soil disposal, exacerbated by heavy rainfall, rather than geological issues [1] - The local government has mandated the project owner to repair the affected areas and improve site management practices [1]

Figures in brackets indicate results on a Combined basis as opposed to a Consolidated basis. 1 quarter highlights Three-month periods ended March 31 | | Consolidated | | | Combined | | | --- | --- | --- | --- | --- | --- | | (in millions of Canadian dollars, | 2025 2024 | Change | 2025 | 2024 | Change | MONTREAL, May 14, 2025 (GLOBE NEWSWIRE) -- Boralex Inc. ("Boralex" or the "Corporation") (TSX: BLX) is pleased to report its results for the first quarter of 2025. Highlights Financial results Update on deve ...