After the price war will usher in wind power equipment integration timing

Just one year later, wind power equipment leaders such as Goldwind and Sinovel have begun to experience sluggish sales, which represented a significant increase in inventory and accounts receivable. At the same time that inventory and accounts receivable increased by 1 times, the net profit of these companies dropped by 50%.

Wind power companies attributed the drop in net profit to the industry price war. The data shows the price of the whole machine.

The grid has dropped from about 7,000 yuan per kilowatt to about 3,800 yuan, and the price is almost at a loss. The wind power equipment industry has also rapidly transitioned from the era of profit-making to the era of shopping, and its situation has changed dramatically beyond human imagination.

The reason is that in recent years, the development of wind power construction with "great leap forward" and poor wind power grid connection are the main reasons.

As of 2009, China's wind power installed capacity accounted for 1.85% of the total installed capacity, while the online wind power accounted for only 0.75% of the total electricity. Therefore, there is a saying that there is a third of wind turbine idle. In 2010, the installed capacity of wind power reached 22,135,500 kilowatts, an increase of 77.97% year-on-year, but the problem of wind power grid access has not been well resolved.

For example, the State Electricity Regulatory Commission issued the "Regulation of Wind Power and Photovoltaic Power Generation Supervision" at the beginning of the year, saying that due to the relatively simple preparatory work flow of wind power projects, the approval progress is fast, and the construction period is relatively short, while the power grid access system is in project review, program determination and The construction of the project is relatively complex, making it difficult to synchronize the access system project with the construction of the wind farm. For example, Inner Mongolia Mengdian Huaneng Thermal Power Co., Ltd. Wuliji Muren Wind Farm Phase I, Erghetu Wind Farm Phase I, and Baiyun Wind Farm Phase I were originally expected to be put into operation by the end of 2010, but due to its access system, no review opinions have been obtained so far, wind power could not On time.

This directly led to a decline in the enthusiasm for the development of wind power around the country and the shrinking planning of wind farms. On April 28, Wang Bingjun, deputy director of the Inner Mongolia Development and Reform Commission and director of the Inner Mongolia Energy Development Bureau disclosed that in Inner Mongolia, the installed capacity of wind power reached over 33 million kilowatts in 2015. The installed capacity is much smaller than the 40 million kilowatts disclosed in the previous period. Industry insiders predict that the installed capacity of wind power this year should not exceed last year.

At the same time, the direction of the policy is also turning and wind power is beginning to experience cold. Recently, the National Development and Reform Commission revised and issued the “Guidance Catalogue for Industrial Structure Adjustment (2011 Edition)”. Among the new energy categories encouraged by the Catalogue, the wind power is only in the sub-item “Technology Development and Application of Complementary Systems for Wind Power and Photovoltaic Power Generation”. appear. The National Development and Reform Commission stated in its interpretation of the Catalogue: “Investments in some emerging energy industries, such as wind power, have been overheated, mainly because of the influx of funds into the emerging economy under the state’s strict control of investment in fixed assets such as “two high and one capital” industries. Industrial-led equipment manufacturing industry, if not controlled in time, will not only make the company fall into difficulties in production and operation, but will also affect the pace of industrial innovation and structural adjustment."

Recently, it was reported that the new standard for wind power grid integration, "Technical Regulations on the Integration of Wind Farms into Power Systems," has been completed, revised, and submitted to the Electricity Regulatory Commission. However, wind power companies classify this standard as a “limit production order” for wind power.

If wind power is the bubble created by the new energy policy, the intensity of blowing bubbles is now weakening. According to industry sources, the wind power industry will no longer grow as much as it did in previous years. It can be said that wind power is encountering both policies and markets. After the price war, wind power equipment manufacturers will undoubtedly usher in the opportunity for industry consolidation. However, no one can predict the time.