On January 5th, China's largest wind turbine company Huarui Wind Power Technology (Group) Co., Ltd. (hereinafter referred to as “Sinowind”) began to purchase online, and the subscription price was RMB 90 per share, making it the company with the highest issue price of A-share motherboards. . The agency has issued a issuance price of 90 yuan, which is optimistic about the prospect of wind power, a new energy industry supported by national policies.

During the “Eleventh Five-Year Plan” period, China’s new energy and renewable energy sources suddenly emerged and the energy structure and production layout were significantly optimized. The ability of scientific and technological innovation has been further improved, and the level of energy equipment has made considerable progress. Although the industrial development plan has not yet been introduced, the trend of increasing new energy construction during the “12th Five-Year Plan” period has been clear. From January 6th to July 7th, the National Energy Administration held a national energy work conference in Beijing, clearly proposing to accelerate the development of new energy and renewable energy, support the development of large-scale wind power companies, and encourage China's wind power companies and wind power equipment to “go global”. The meeting also delivered a series of policy plans that are conducive to new energy sources, and some of the policies are already being formulated.

In terms of wind power development, the meeting proposed that “we will unswervingly promote the development of wind power, coordinate the implementation of market absorption, make good plans for transmission, continue to build large-scale wind power bases, and strive to achieve 55 million kilowatts of grid-connected fans.” Officials of the Ministry of Science and Technology have also stated that during the “12th Five-Year Plan” period, they will give priority to supporting R&D and manufacturing of 3-5 MW onshore and 5-10 MW offshore wind turbines.

It is reported that this year, China will start construction of 5 million kilowatts of Jiuquan in Gansu Province, 2 million kilowatts of Hami in Xinjiang, 2 million kilowatts of Kailu in Inner Mongolia, and 1.5 million kilowatts of wind power project in Jilin; and start a new 1 million kilowatt offshore wind power project in Jiangsu Province to promote Hebei. Development of offshore wind power in Shandong, Zhejiang, and Fujian, and the construction of the second phase of Shanghai Donghai Bridge offshore wind power project. During the “Twelfth Five-Year Plan” period, Gansu, Hebei, Jilin, Mengdong, and Mengxi in the 70 million-kilowatt base in China will basically be completed. In the same period, China’s non-hydro renewable energy generation capacity is expected to reach 200 billion kWh, equivalent to 70 million tons of standard coal. The development of wind power in China has gradually developed from land-based wind power to sea-land wind power. In February 2010, the National Energy Administration and the State Oceanic Administration jointly issued the Interim Measures for the Management of Offshore Wind Power Development and Construction to regulate offshore wind power construction.

Realizing the grid connection and determining the on-grid tariff has become an urgent issue to be solved in the development of new energy. It is understood that the new energy policy during the "12th Five-Year Plan" period will bid farewell to relying solely on government subsidies to promote the development of the industry, and mandatory and punitive measures will also be included in policy considerations.

On October 18, 2010, the State Council issued the "Decision on Accelerating the Cultivation and Development of Strategic Emerging Industries." It mentioned in detail the importance of cultivating and developing new energy, and announced that it will implement a new energy quota system and implement the full amount of new energy. Safeguarded acquisition system. The National Energy Work Conference on the previous page proposed to study the issue of quotas for access to new energy for power generation. It is understood that in the future, the quota for new energy power generation will be allocated to provincial or regional grid companies, and will be further apportioned, with State Grid and China Southern Grid taking on the quota.

Wind power installations are undergoing fundamental changes from "task-driven" to "profit-driven." The expansion of wind turbine export and offshore wind power pilot areas will increase the demand for wind power equipment. There is a possibility that the overall planning of wind power installations exceeds expectations.

Zhu Junsheng, director of the China Resources Comprehensive Utilization Association's Renewable Energy Professional Committee, estimates that the new installed capacity in 2010 will exceed 10 million kilowatts, and the total installed capacity will reach 40 million kilowatts. Klaus Rave, chairman of the Global Wind Energy Council, predicts that by the end of 2011, China will surpass the United States as the world's largest wind power market.

According to the calculation of new installed capacity of more than 10 million kilowatts per year, by the end of the “Twelfth Five-Year Plan”, China’s wind power capacity is expected to reach 90 million to 110 million kilowatts, and by 2020 China’s wind power capacity will reach 150 million kilowatts. According to the China Wind Power Development Report 2010 released by the China Resources Comprehensive Utilization Association’s Renewable Energy Professional Committee, China’s accumulated wind power capacity is expected to reach 230 million kilowatts by 2020. However, China's major wind power manufacturers have a more optimistic estimate of the total installed capacity of wind power in 2020: 300 million kilowatts.

Although the development of wind power in China will shift from ultra-high-speed development to high-speed development, the growth rate in the next few years will show a declining trend year by year, but the growth will remain high. The advantages of leading companies in the industry will be further strengthened, and industry concentration will be further enhanced. The state's supportive policy for the new energy industry has been gradually improved. The prospects for the development of the wind power industry are in a period of time. Huarui wind power is the industry first, and the issuance pricing of 90 yuan/share is not surprising.