Authoritative sources disclosed to the China Securities Journal on the 19th that according to the development of onshore wind power, the new wind farm investment and construction management measures formulated by the National Energy Administration will be issued soon. The core content of this approach is that the National Energy Administration recovers the approval right of the onshore wind farm project of less than 50,000 kilowatts from the original Provincial Development and Reform Commission.

The source said that this move aims to further regulate the development of onshore wind farms. According to the previous relevant measures, onshore wind farm projects below 50,000 kilowatts will be examined and approved by the Provincial Development and Reform Commission and submitted to the National Energy Administration for record. Land-based wind farm projects of more than 50,000 KW require approval from the National Energy Administration. Up to now, 93% of onshore wind farm projects in China have been approved by local governments.

The source said that before the new wind farm investment and construction management measures were issued, the local government launched a large number of onshore wind farm projects with a capacity of nearly 50,000 kilowatts, or circumvented the approval of large-scale projects and led to local land-based wind farm projects. The conflict between the national overall new energy development planning and the overall planning of the power grid is inconsistent, which in turn makes it difficult for onshore wind farms to connect to the grid.

The industry believes that the National Energy Administration will recover the approval authority for onshore wind farm projects below 50,000 kilowatts, which will greatly slow down the number of approvals and approvals of onshore wind farms in China, and reduce the market demand for complete wind turbines and parts and equipment. This in turn puts pressure on the performance of related listed companies.

At present, listed companies mainly engaged in the manufacture of wind power plants on the A-share market include Huarui Wind Power, Goldwind Technologies and Changzheng Electric. The listed companies mainly engaged in the manufacture of wind power components mainly include Taisheng Wind Power and Tianshun Wind Power. , Jixin Technology, Sinoma Technology and AVIC Heavy Machinery, which has just merged with AVIC Huiteng.

From the announcement made by the relevant listed companies in the near future, we can see that the recent signs of a slowdown in the growth of the wind power industry are now evident. For example, Sinoma Technology achieved a total profit of RMB 96.3 million in the first six months of the year, a year-on-year decrease of 47.95%; net profit attributable to shareholders of listed companies was RMB 71.56 million, a year-on-year decrease of 12.82%. Taisheng Wind Power's net profit fell sharply from 58.72% to 61.10% in June-June, which was mainly due to fierce market competition and lower product prices.

According to industry insiders, in the long term, land-based wind farm projects have entered a bottleneck period from the perspective of national industrial policy and land-based wind resources after an explosive growth period of 5-6 years. Future wind power in the new energy sector The momentum of development will gradually be replaced by photovoltaic power generation.

In the 2011 edition of the “Guidance Catalogue for Industrial Structure Adjustment” released earlier, of the 10 sub-items encouraged by the New Energy Group, wind power was only passed through in the sub-item “Technology development and application of complementary systems for wind power and photovoltaic power generation”. . In the finalized “Twelfth Five-Year Plan for Renewable Energy Development”, the total installed capacity of photovoltaic power generation has been explicitly raised to 10 GW, which is more than double the target in the preliminary draft of the plan.