Wind power stocks continue their recent upward trend. As of press time, China Longyuan (00916) rose 4.69%, at HKD 7.59; China Suntien Green Energy Corporation (00956) rose 4.27%, at HKD 3.91; Dongfang Electric Corporation (01072) rose 3.88%, at HKD 13.38; Goldwind Science& Technology (02208) rose 2.79%, at HKD 3.68.
According to the China Finance app, wind power stocks continue their recent upward trend. As of press time, China Longyuan (00916) rose 4.69%, at HKD 7.59; China Suntien Green Energy Corporation (00956) rose 4.27%, at HKD 3.91; Dongfang Electric Corporation (01072) rose 3.88%, at HKD 13.38; Goldwind Science& Technology (02208) rose 2.79%, at HKD 3.68.
On the news front, the State Council has issued the "Energy Saving and Carbon Reduction Action Plan for 2024-2025", which proposes accelerating the construction of large-scale wind and solar power bases in desert, Gobi and wasteland areas. Reasonable and orderly development of offshore wind power, promoting the scale development and utilization of marine energy, and promoting the development and utilization of distributed new energy.
Dongzheng Futures pointed out that since 2024, China's wind power construction has been in good shape. In the first quarter, the newly installed capacity of onshore wind power in China was 14.8GW, up 50% year on year, offshore wind power was 0.69GW, up 35% year on year. It is expected that there will be a significant increase in construction starts by mid-2024. Among them, offshore wind power construction is expected to accelerate. In April, the national offshore wind power tender was 3.25GW, far exceeding the total tender in the previous three months. The prosperity of offshore wind power construction is expected to continue to rise. In the international market, the offshore wind power industry has also shown signs of recovery, and it is expected that it will gradually pick up in 2024 and enter a stage of rapid growth by 2025.