Electrical Equipment / Components & Telecoms

In the next five years, the installed growth of renewable energy in the world is expected to exceed that of the past 20 years. It is widely believed in the industry that Chinese wind turbine enterprises that have cultivated overseas markets for decades will also usher in a broader market space. Huacheng Import and Export Data Observation Report.

The year 2022 is a bright year for Chinese wind turbine manufacturers. According to incomplete statistics of public information, the scale of overseas orders of China's wind turbine manufacturers reached 8.269 million kilowatts in 2022, a record high. Among them, the domestic mainstream wind turbine manufacturers such as Vision Energy, Goldwind Technology and Yunda Co., Ltd. all won wind turbine orders of 100 megawatts or even gigawatts, a significant increase compared with previous years, and Vision Energy achieved a historic breakthrough with overseas orders of 6.772 million kilowatts.

The International Energy Agency (IEA) pointed out in its latest report "2022 Renewable Energy" that under the background of countries around the world vigorously promoting the goal of carbon neutrality, the global installed growth of renewable energy in the next five years is expected to exceed the growth rate of the past 20 years. It is widely believed in the industry that Chinese wind turbine enterprises that have cultivated overseas markets for decades will also usher in a broader market space.

Vision Energy becomes the leader of wind turbine going to sea

According to the observation report of Huacheng Import and Export Data, in 2022, China's wind turbine manufacturing enterprises obtained wind turbine orders in the overseas market of 8.269 million kilowatts, covering Southeast Asia, Europe, North Africa, the Middle East, Central Asia and other regions. Among them, Vision Energy's overseas orders are the most prominent, with the total installed capacity of the wind power projects winning the bid up to 6.772 million kilowatts, accounting for more than 80% of the overseas project orders of Chinese enterprises, and becoming the Chinese wind turbine manufacturer with the most outstanding overseas performance.

According to Huacheng Import and Export Data Observation, in March 2022, Vision Energy announced that it had won 1966.8 MW wind power project orders in India and planned to deliver 596 sets of Vision Energy EN-156/3.3 MW smart wind turbines, creating the largest order record for Chinese wind turbine brands to win a single overseas market. At the end of last year, Vision Energy won the order for the international large-particle wind turbine project with a total capacity of 3.4 million kilowatts, covering North Africa, the Middle East and East Asia. The order broke the record of Chinese wind power enterprises signing international large-particle wind turbine orders at sea.

In addition, the domestic mainstream wind turbine manufacturers such as Goldwind, Yunda and Mingyang Smart also performed well overseas in 2022. Goldwind won many large wind power projects in Uzbekistan and South Africa, with the total order size exceeding 1 million kilowatts. The installed capacity of the Zarafshan wind power project in Uzbekistan is 500000 kilowatts, which is the largest single project in Uzbekistan and even Central Asia. In addition, in September last year, Mingyang Intelligent won the order of the British TwinHub flagship project of Hexicon, a Swedish floating offshore wind power developer, and planned to provide two 8-megawatt offshore wind turbine models for the project.

The competitiveness of wind turbines in China is constantly improving

In the view of the industry, the achievements of Chinese wind turbine enterprises in 2022 reflect the recognition of Chinese wind turbine technology in the international wind power market.

In recent years, domestic wind turbine technology innovation has been continuous, and both hard power and soft power have been significantly improved.

On the one hand, the strong domestic wind power installation demand has put forward new requirements for equipment suppliers, and the application of large-capacity units has become increasingly widespread. In 2022, the highest capacity records of domestic onshore and offshore wind power units have been constantly refreshed. High cost performance has become the "label" of Chinese products. With the support of the complete supply chain of local wind turbine manufacturers in China, the price of wind turbine generators in China has certain advantages over that of international wind turbine giants, and domestic wind turbine enterprises are expected to further enhance the market space.

On the other hand, domestic mainstream wind power enterprises are also actively exerting their "soft power", not only making breakthroughs in supporting software, wind turbine operation and maintenance services, but also taking root in overseas countries and penetrating overseas markets in a global and multi-dimensional way. Taking Vision Energy as an example, it has been deeply cultivated in the Indian market for several years. It has not only continuously polished the product quality, improved the supply chain and accelerated the service response speed through technological innovation, but also achieved higher local market adaptability; The package of zero-carbon solutions such as energy storage, hydrogen energy and intelligence that are being laid out will serve the local zero-carbon transformation in an all-round way and create an irreplaceable competitive advantage for China's green technology enterprises. Huacheng Import and Export Data Observation Report.

China's contribution to global energy transformation

The latest data released by Wood McKenz, a market research institution, shows that by 2021, the overseas wind power assets held by Chinese wind power investors and the overseas installed capacity of complete machine enterprises have spread to 45 countries around the world. According to the analysis of the agency, the extensive cooperation between investors, EPC, wind turbine enterprises and the downstream supply chain has brought the synergy advantage of the industrial chain into play and provided a cost-effective overall solution for the overseas market.

In recent years, the international community has gradually reached a consensus on the goal of carbon neutral climate. In 2022, the energy supply crisis caused by the fluctuation of fossil fuel supply will spread across many countries, and the importance of clean energy will be further highlighted. According to IEA data, since March 2020, 67 governments around the world have issued clean energy support policies, with a total of more than 1600 financial support measures. The more clear path to reach the climate target provides a huge market space for Chinese wind turbine manufacturers. IEA predicts that the new increment of renewable energy in the world is expected to exceed 300 million kilowatts in 2022, setting a new record.

"We are committed to helping all countries and regions get green and clean energy that everyone can afford." Xu Gang, Global Vice President of Vision Energy, said that Vision has a long-term strategic plan for the international market. Vision's important markets are not only in Southeast Asia and Europe, but also widely distributed in Latin America, the Middle East, Central Asia, South Asia and other regions. Any action is not a "quick win" move, and the results will gradually emerge. Huacheng Import and Export Data Observation Report.