It has been learned from the industry that with the imminent deadline for grid-connected with a subsidy, the recent climax of the wind power projects rush has arrived.

Wind Power Projects Development Lead to Equipment Installation Rush

During Chinese National Day holiday alone, seven wind power projects were intensively opened, totaling 409.7 MW. From the successful bidding situation, CRRC Zhuzhou won the bid for China Resources Qingyuan Qingxinzhuling 49.9MW wind power project, Guangdong Lianzhou Longping 49.8MW wind power project, Linyi Phase I 100MW wind power project, and Xinye 50MW wind power project.

In addition, Vision Energy won the bid for the 30MW wind farm project and Dingyuan County 50MW wind power project of China Resources. Goldwind Technology has become the successful bidder of Guodian Guigang Baihuashan 80MW wind power project.

People in the wind power industry said that the policy has left a relatively long buffer period for the wind power industry.

According to the "Notice on Improving the Wind Power On-grid Price Policy" issued by the National Development and Reform Commission, since January 1, 2021, the newly approved onshore wind power projects will achieve full-price Internet access, and the state no longer subsidizes. This means that projects that were previously approved and completed on time
are still subsidized.

New Opportunity for Wind Power Related Industries?

In the first half of this year alone, the amount of domestic wind power public tenders reached 32.3 GW, with a year-on-year growth of 93.4%.

Wind power equipment companies said that with the installation rush, the recent price of wind turbine equipment climbed from the previous low of 3,000 yuan / kW to 3,600 yuan / kW, a rebound of more than 12%.

Since the second half of 2018, the wind power industry has recovered significantly, and the micro-data has continuously verified the certainty of the industry. And benefiting from the increase in volume and price, the wind turbine equipment industry is expected to usher in a profit turning point. In addition, the domestic wind power operation and maintenance
market is also growing rapidly. And the yaw bearing and pitch bearing suppliers as BRS Bearing will welcome development opportunities. BRS offers custom design bearing and multiple freight solutions for wind turbines.

But not all views tend to be optimistic. Some people in the industry believe that the wind power industry is biased towards bullishness in the short term. This industry is similar to the thermal power industry in many places and has a strong cyclicality. There will be uncertainty again about the demand for related equipment after the rush.