A 20% straight-limit increase in the afternoon! Major positive news from overseas!

Wind Power Sector Suddenly Moves!

This afternoon (March 12), the A-share wind power equipment sector surged sharply, with Delijia quickly hitting the daily limit, Shuangyi Technology reaching a 20% daily limit, and Dajin Heavy Industry, Zhenjiang Shares, Jinlei Shares, Haili Wind Power, and others collectively rising significantly.

A piece of news has suddenly attracted market attention. According to an announcement on the UK Department for Business and Trade’s official website on March 10 local time, the UK will cancel 33 import tariffs on wind power components starting April 1. The tariffs on core parts such as blades and cables will be reduced from 6% and 2% to 0%, aiming to unlock £22 billion (approximately 202.4 billion RMB) in investment.

Wind Power Sector Rises Significantly

In the afternoon, the wind power sector suddenly surged, becoming the main highlight of the market. Shuangyi Technology hit the daily limit straight away, and Delijia also surged and hit the limit. The entire wind power sector rallied collectively, with Zhenjiang Shares, Dajin Heavy Industry, Haili Wind Power, Jinlei Shares, Oriental Cable, Mingyang Smart Energy, and others following the upward trend.

On March 10 local time, the UK government officially announced that starting April 1, through a new “Authorized Use” measure, tariffs on 33 categories of industrial goods used in offshore wind manufacturing will be reduced to 0 (or significantly lowered).

On January 14, the results of the UK’s seventh round of Contracts for Difference (AR7) auction were announced, awarding 8.4 GW of offshore wind capacity, setting a record high in the UK and Europe. The project is expected to mobilize about £22 billion in private investment, driving capital back into the UK offshore wind industry and related supply chains.

Additional data shows that domestically, from January to February 2026, 81 wind power projects completed full-machine bidding, with a total scale of about 12.335 GW (excluding framework bidding). Electrical wind turbines led with a winning scale of 2,558 MW, accounting for 20.74% market share, especially in offshore wind, which accounted for as much as 53.39%.

High Prosperity Expected to Continue in 2026

According to CWEA’s “2025 China Wind Power Hoisting Capacity Statistics Brief,” in 2025, domestic new installed capacity reached 130.8 GW, a year-on-year increase of 49.9%. Among them, onshore wind reached 125.2 GW, up 53.4% year-on-year, surpassing CWEA’s early 2023 forecast (95–100 GW). This is mainly due to higher wind power feed-in tariffs and increased development of renewable energy projects; offshore wind reached 5.6 GW, flat year-on-year. The trend of larger turbines continued, with the average new installed capacity per turbine in 2025 at 7.2 MW, up 18.3% year-on-year. Onshore turbines averaged 7.1 MW, up 20.1%, mainly due to large-scale base projects, with 10 MW and above models accounting for 24.8%, up 19.6%. Offshore turbines averaged 10.1 MW, up 1.4%.

The export of wind turbines is accelerating, with overseas production becoming an important option. In 2025, China exported 7.7 GW of wind turbines, up 48.9% year-on-year. Goldwind and Envision Energy exported 3.9 GW and 2.1 GW respectively, accounting for 49.9% and 27.6%. Overseas bases are becoming key hubs for turbine exports, with Envision Energy’s India plant, Sany Heavy Energy’s India plant, and Goldwind’s Brazil plant producing 2.7 GW, 0.2 GW, and 0.1 GW respectively in 2025.

Huatai Securities believes that domestic wind power installations may continue to be highly prosperous in 2026, with offshore wind’s contribution expected to increase. Considering that wind turbine bidding volume remained high in 2025, and about 9 GW of offshore wind projects are under construction but not yet connected, it is estimated that China’s new installed capacity in 2026 will reach 130 GW, with 120 GW onshore and 10 GW offshore. Looking ahead, under the support of new demands such as green power direct connection and old-for-new upgrades, combined with the gradual increase in deep-sea wind power, China’s wind power installation during the 14th Five-Year Plan period is expected to maintain steady growth.

Huayuan Securities’ research report shows that Chinese companies’ exports of onshore wind turbines are continuously increasing. From 2020 to 2024, overseas onshore wind installations added about 30–40 GW annually. The share of Chinese companies has rapidly increased since 2023, reaching 17% in 2024 with shipments of 5.2 GW. As Chinese companies’ cost advantages continue to emerge, their market share is expected to further grow.

(Source: China Securities Journal)