Jinwu Financial News | Goldwind Technology (02208) rebounded against the market. As of press release, it rose 7.41% to 6.23 yuan, with a turnover of 82.48 million yuan.
According to the news, on November 22, the National Energy Administration released national power industry statistics for January-October. Among them, 6.68 GW of wind power was added in October, and the installed capacity growth rate accelerated. By the end of October 2024, the installed capacity of wind power was about 0.49 billion kilowatts, +20.3% over the same period last year. From January to October 2024, domestic wind power added 45.80 GW of installed capacity, +23% over the same period last year. In October 2024, 6.68 GW of new domestic wind power was installed, +74% year-on-year and +21% month-on-month.
According to Citigroup Research, Chinese wind turbine generator (WTG) manufacturers will benefit significantly from increased sales in 2024. As China's wind power installations continue to grow, it is expected to achieve 19-32% year-on-year growth in 2024, reaching 90-100GW, including 8-10GW of offshore wind power. Furthermore, the market price of WTG in China has bottomed out. Recently, the price per kilowatt rose slightly by 100-200 yuan. WTG exports increased 60% year-on-year in 2023 to 3.7 GW. The growth trend in 2024 is expected to be similar to last year.
