2008 Report on China's Wind Energy Market

2009-01-14 10:10:05 -

www.marketavenue.cn/upload/ChinaMarketReports/REPORTS_1049.htm

Benefitting from favorable policies in China, the country's wind power industry grows rapidly in these years. In 2007, the capacity of newly-built wind power units was 3,300MW, up by 147.1% year-on-year, while the cumulative capacity of wind power units is estimated to be 5,910MW, up by 127.2%. In the first half of 2008, the capacity of newly-built wind power units were more than 2MW, and it reached 10,500MW by the end of the year, 2 years ahead of the deadline set by China's government to reach 10,000MW by the end of 2010.

According to Chinese Wind Energy Association, there are already 67 manufacturers of complete sets of wind power units in China. In addition to the ones such as Goldwind Science and Technology Co., Ltd., Sinovel Wind Co., Ltd., Dongfang Steam Turbine Factory, Zhejiang Windey Wind Generating Engineering Co., Ltd. which have achieved mass production, many others including Shanghai Electric Group, Baoding Huide Wind Power Engineering Co., Ltd., China South Locomotive & Rolling Stock Corporation Limited, CSIC (Chongqing) Haizhuang Windpower Equipment Co., Ltd. and Nantong Kailian Industry (Group) Co., Ltd. also have put or will put into mass production wind power generators of 1MW grade or above. Preliminary data showed that China's homegrown manufacturers alone would have the production capacity of above 8,000MW by 2010. Counting in the joint ventures and wholly foreign-owned factories, the production capacity of manufacturers of complete sets in China would go beyond 10,000MW, or even 15,000MW, by 2010. If things go on like it is now, the installed capacity of wind power units would probably reach 25,000MW in China by 2010. China may be able to achieve its goal of having 30,000MW installed capacity of wind power units in 2011, which the country set to be achieved in 2020. And by 2020, the conservative estimation about China's installed capacity of wind power units is expected to be 80,000MW, while the common estimation is 1 million MW, and the optimistic 1.2 million.

China's wind energy market is just at its beginning. On the one hand, the industry still has great room to grow as for the absolute installed capacity and total power generation. On the other, the investment and mix of production capacity are not reasonable. For example, many homegrown companies are interested in the manufacturing of complete sets, while investment and production capacity are evidently insufficient in R&D of spare parts such as gear boxes. As a result, the upstream and downstream of the industry are uncoordinated. For other key parts, such as electrical control systems and bearings, China still depends on import mostly. Many China's homegrown manufacturers of complete sets have to wait 18 months before they get the parts needed from overseas, and their production is thus severely compromised, due to the increasingly strong global demand for parts of wind power equipment.

China prices the wind power by bidding, which has negative influence on the fledgling wind power industry, while the developed countries generally fix power prices to guarantee return from investments and to boost the industry. The technology of China's wind power industry falls behind the capital input, and diseconomy of scale will appear gradually. Because of intense competition and the risks in developing new technology, the enterprise would experience great volatility in growth and profit, and there would be a lot of M&A in the industry, too.

While giving a complete analysis of China's wind energy industry, this report analyzes the technology, development barriers and policies on the industry. In addition, the report also provides the background information of the major market players in China.

Contents

Chapter One: Development Environment of China's Wind Energy Industry
1.1 Wind Energy Resources in China
1.1.1 Map of Wind Energy Resources in China
1.1.2 Reserves of Wind Energy in China
1.1.3 Features of Wind Energy Resources in China
1.2 Wind Energy-Related Industries
1.2.1 Thermal Power
1.2.2 Hydroelectric Power
1.2.3 Nuclear-electric Power
1.3 Governmental Policies
1.3.1 Plans for Wind Power Generation
1.3.2 Regulations on Bidding for Wind Power Projects

Chapter Two: Overview of China's Wind Energy Market
2.1 Scales of China's Wind Power Generation
2.1.1 China's Role in Global Wind Power Industry
2.1.2 China's Cumulative Installed Capacity of Wind Power Units 2003-2008
2.2 Overview of Wind Power Equipment Market
2.3 On-grid Price of Wind Power
2.4 Competitive Landscape in China's Wind Power Market
2.4.1 Competition in General
2.4.2 Competitiveness of Companies
2.4.3 Market Structure
2.4.4 Projects under Construction and Plans

Chapter Three: Major Wind Power Companies in China
3.1 China Longyuan Electrical Power Group
3.1.1 Profile
3.1.2 Status Quo of and Plans for Wind Power Development
3.2 China Datang Corporation
3.2.1 Profile
3.2.2 Status Quo of and Plans for Wind Power Development
3.3 China Huaneng Group
3.3.1 Profile
3.3.2 Status Quo of and Plans for Wind Power Development
3.4 China Power Investment Corporation
3.4.1 Profile
3.4.2 Status Quo of and Plans for Wind Power Development
3.5 China Guangdong Nuclear Power Group
3.5.1 Profile
3.5.2 Status Quo of and Plans for Wind Power Development
3.6 China Huadian Corporation
3.6.1 Profile
3.6.2 Status Quo of and Plans for Wind Power Development
3.7 Guohua Energy Investment Co., Ltd.
3.7.1 Profile
3.7.2 Status Quo of and Plans for Wind Power Development
3.8 China Conservation & Wind Power Investment
3.8.1 Profile
3.8.2 Status Quo of and Plans for Wind Power Development
3.9 China Wind Power
3.9.1 Profile
3.9.2 Status Quo of and Plans for Wind Power Development
3.10 Beijing International New Energy Co., Ltd.
3.10.1 Profile
3.10.2 Status Quo of and Plans for Wind Power Development

Chapter Four: Overview of China's Wind Power Equipment Market
4.1 Status Quo
4.1.1 Wind-power-unit Assembly Market
4.1.2 Wind-power-unit Parts Market
4.2 Competitive Landscape in China's Wind Power Equipment Market
4.2.1 Competition between Home and Foreign Companies
4.2.2 Competition among Home Companies
4.2.3 Competition among Foreign Companies
4.2.4 Trend of Competition among Wind Power Equipment Manufacturers
4.3 Major Wind Power Equipment Manufacturers in China
4.3.1 Goldwind Science and Technology Co., Ltd.
4.3.1.1 Profile
4.3.1.2 Output and Sales of Wind Power Equipment
4.3.2 Sinovel Wind Co., Ltd.
4.3.2.1 Profile
4.3.2.2 Output and Sales of Wind Power Equipment
4.3.3 Zhejiang Windey Wind Generating Engineering Co., Ltd.
4.3.3.1 Profile
4.3.3.2 Output and Sales of Wind Power Equipment
5.3.4 Dongfang Steam Turbine Factory
4.3.4.1 Profile
4.3.4.2 Output and Sales of Wind Power Equipment
5.3.5 Nantong CASC Wanyuan Wind ACCIONA Wind Turbine Manufacture Co., Ltd.
4.3.5.1 Profile
4.3.5.2 Output and Sales of Wind Power Equipment
5.3.6 Xi'an Nordex Wind Turbine Co., Ltd.
4.3.6.1 Profile
4.3.6.2 Output and Sales of Wind Power Equipment
4.4 Major Foreign Manufacturers in China
4.4.1 Gamesa
4.4.1.1 Profile
4.4.1.2 Output and Sales of Wind Power Equipment
4.4.2 Vestas
4.4.2.1 Profile
4.4.2.2 Output and Sales of Wind Power Equipment
4.4.3 GE
4.4.3.1 Profile
4.4.3.2 Output and Sales of Wind Power Equipment
4.5 Major Public Wind Power Equipment Companies
4.5.1 Huayi Electric Co., Ltd.
4.5.2 Xiangtan Electric Manufacturing Corporation Limited
4.5.3 ST Instruments

Chapter Five: Major Regions as for Wind Power in China
5.1 Market Size by Province
5.2 Market Size by Region
5.3 Status Quo of Major Regions as for Wind Power in China
5.3.1 Inner Mongolia
5.3.1.1 Wind Resources
5.3.1.2 Major Wind Farms
5.3.1.3 Installed Capacity
5.3.1.4 Plans for Wind Power Development
5.3.2 Jilin Province
5.3.2.1 Wind Resources
5.3.2.2 Major Wind Farms
5.3.2.3 Installed Capacity
5.3.2.4 Plans for Wind Power Development
5.3.3 Liaoning Province
5.3.3.1 Wind Resources
5.3.3.2 Major Wind Farms
5.3.3.3 Installed Capacity
5.3.3.4 Plans for Wind Power Development
5.3.4 Hebei Province
5.3.4.1 Wind Resources
5.3.4.2 Major Wind Farms
5.3.4.3 Installed Capacity
5.3.4.4 Plans for Wind Power Development
5.3.5 Heilongjiang Province
5.3.5.1 Wind Resources
5.3.5.2 Major Wind Farms
5.3.5.3 Installed Capacity
5.3.5.4 Plans for Wind Power Development
5.3.6 Ningxia Province
5.3.6.1 Wind Resources
5.3.6.2 Major Wind Farms
5.3.6.3 Installed Capacity
5.3.6.4 Plans for Wind Power Development
5.3.7 Shandong Province
5.3.7.1 Wind Resources
5.3.7.2 Major Wind Farms
5.3.7.3 Installed Capacity
5.3.7.4 Plans for Wind Power Development
5.3.8 Gansu Province
5.3.8.1 Wind Resources
5.3.8.2 Major Wind Farms
5.3.8.3 Installed Capacity
5.3.8.4 Plans for Wind Power Development
5.3.9 Xinjiang Province
5.3.9.1 Wind Resources
5.3.9.2 Major Wind Farms
5.3.9.3 Installed Capacity
5.3.9.4 Plans for Wind Power Development
5.3.10 Jiangsu Province
5.3.10.1 Wind Resources
5.3.10.2 Major Wind Farms
5.3.10.3 Installed Capacity
5.3.10.4 Plans for Wind Power Development
5.3.11 Guangdong Province
5.3.11.1 Wind Resources
5.3.11.2 Major Wind Farms
5.3.11.3 Installed Capacity
5.3.11.4 Plans for Wind Power Development
5.3.12 Fujian Province
5.3.12.1 Wind Resources
5.3.12.2 Major Wind Farms
5.3.12.3 Installed Capacity
5.3.12.4 Plans for Wind Power Development
5.3.13 Zhejiang Province
5.3.13.1 Wind Resources
5.3.13.2 Major Wind Farms
5.3.13.3 Installed Capacity
5.3.13.4 Plans for Wind Power Development
5.3.14 Shanghai
5.3.14.1 Wind Resources
5.3.14.2 Major Wind Farms
5.3.14.3 Installed Capacity
5.3.14.4 Plans for Wind Power Development
5.3.15 Hainan Province
5.3.15.1 Wind Resources
5.3.15.2 Major Wind Farms
5.3.15.3 Installed Capacity
5.3.15.4 Plans for Wind Power Development
5.3.16 Other Regions

Chapter Six: Outlook for Wind Power in China
6.1 Growth Potential
6.1.1 Influencing Factors
6.1.2 The Industry's Growth Potential
6.2 Developing Trend
6.2.1 Developing Trend of the Industry
6.2.2 Forecast for Scale of the Industry
6.3 Investing in China's Wind Power Industry
6.3.1 Investment Opportunities
6.3.2 Investment Risks

Selected Charts

Map of Wind Power Resources in China
Installed Power Units in Wind Farms of China in 2008
Newly-gained Market Shares of Wind Power Equipment Manufacturers in China in 2008
Cumulative Market Shares of Wind Power Equipment Manufacturers in China in 2008
Comparison of On-grid Price of Typical Wind Farms in China
Concentration of China's Wind Power Industry
Comparison of Installed Capacities between Equipment Made in China and Imported in 2008
Change of Nationwide Power Consumption in China 2003-2008
The Number of Installed Wind Power Units in China 2003-2008
Installed-Capacity of Wind Power Units in China 2003-2008
Shares of Major Provinces in Installed Capacity of Wind Power Units in China by the End of 2008
The Number of Wind Power Companies in Major Provinces of China in 2008
Assets Sizes of Top 10 Wind Power Companies in China in 2008