China Wind Farm Equipment and Parts Industry Report

Among wind turbines manufacturers, in 2011, Goldwind Science & Technology Co., Ltd. reached net income of RMB607 million, a YoY decline of 73.5%; Sinovel Wind Group’s net income dropped 72.8% YoY to RMB776 million. As for wind power equipment parts manufacturers, wind turbine blade maker Sinoma Science & Technology Co., Ltd. realized net income of RMB121 million in 2011, down 31.7% YoY.

Not just Chinese manufacturers, global wind power equipment manufacturers were barely satisfactory in terms of performance for 2011. For example, VESTAS, the world’s largest wind power equipment maker, faced net loss of €166 million in FY2011, the first annual loss since 2005.

Confronted with such a situation, Chinese wind power equipment companies have made strategic adjustments to improve corporate performance, mainly through two ways. First, to transfer from only focusing on equipment installation quantity to increasing R&D investment and supporting the projects with higher gross margin. Sinovel Wind Group, for example, improved R&D investment in large-capacity wind turbine generators; currently, its 3MW, 5MW and 6MW large-capacity units have witnessed a substantially enhanced proportion in the order structure. Second, to actively expand overseas markets.

The report mainly covers the following content:

Overall development of global wind power industry and major countries such as Germany, Spain, the United States and Denmark;
Analysis on China wind power industry policies, market size and offshore wind power development;
Overall development of China wind power equipment industry, market structure, import & export, regional development, as well as analysis of leading vendors.
China wind power equipment parts industry development and regional development;
Development status of wind turbine blade, gear, generator, bearing and convertor, as well as corresponding vendors.

Table of Contents

1. Overview of Global Wind Power Industry
1.1 Development Worldwide
1.2 Development in Major Countries
1.2.1 Germany
1.2.2 Spain
1.2.3 USA
1.2.4 Denmark

2. China Wind Power Industry Policy
2.1 Wind Power Concession Bidding System
2.2 Accreditation & Admission
2.3 Wind Power Equipment Industry Policy
2.4 Development Tendency of Industry Policy

3. Operation of China Wind Power Industry
3.1 Development History of China Wind Power Industry
3.2 Market Scale
3.3 Development of Offshore Wind Power
3.3.1 Global Offshore Wind Power Development
3.3.2 China’s Offshore Wind Power Development
3.3.3 Existing Problems
3.4 Operation of Wind Farm
3.4.1 Operating Cost
3.4.2 Construction of Wind Power Base
3.5 Wind Power Grid Integration In China
3.5.1 On-Grid Wind Power Pricing
3.5.2 Factors Restraining Wind Power Grid Integration

4. Wind Power Development in Main Regions of China
4.1 Inner Mongolia
4.2 Hebei
4.3 Gansu
4.4 Liaoning
4.5 Shandong
4.6 Jilin
4.7 Heilongjiang
4.8 Ningxia
4.9 Xinjiang

5. Overview of China’s Wind Power Equipment Industry
5.1 Overview
5.1.1 Status Quo
5.1.2 Export
5.2 Regional Development
5.2.1 Tianjin
5.2.2 Xinjiang
5.2.3 Jiangsu
5.2.4 Liaoning
5.2.5 Hebei
5.2.6 Hunan
5.3 Market
5.3.1 Manufacturers
5.3.2 Domestic Manufacturers
5.3.3 Foreign Manufacturers
5.4 Development Trend

6. Key Manufacturers of Wind Turbine Generator
6.1 Xinjiang Goldwind Science & Technology
6.2 Sinovel
6.3 Guodian United Power Technology
6.4 Mywind
6.5 Dongfang Electric Corporation
6.6 Vestas
6.7 Gamesa
6.8 GE Wind Energy

7. Development of Wind Power Equipment Parts Industry in China