The formulation of the dual carbon goal has brought new opportunities for the development of the wind power industry. On August 2, 2022, Yunnan Energy Investment announced that the company has received approval from the Yunnan Provincial Development and Reform Commission and agreed to build the Jianshuitang Liangzi Wind Farm Project in Dayao County, Chuxiong Prefecture, Yunnan Province. The total installed capacity of the project is 50,000 kilowatts, and 10 wind turbines with a single-unit capacity of 5,000 kilowatts are mainly constructed.

The relevant person in charge of Yunnan Energy Investment told reporters: "The company has obtained approval for construction from the Yunnan Provincial Development and Reform Commission for a number of projects, and is waiting for approval from relevant departments. Once the conditions for starting construction are met, the company will fully invest in project construction."

According to the statistics of China's power industry from January to June released by the National Energy Administration, as of the end of June, China's installed power generation capacity was about 2.44 billion kilowatts, an increase of 8.1% year-on-year. Among them, the installed capacity of wind power was about 340 million kilowatts, a year-on-year increase of 17.2%, and the newly installed capacity was 12.94 million kilowatts (ie 12.94GW).

It is worth mentioning that the relevant report of the General Institute of Hydropower Planning and Design shows that it is expected that more than 56GW of wind power will be connected to the grid in 2022 (including 6GW of offshore wind power). This means that there is still a lot of room for growth in the newly installed capacity of wind power. Compared with the first half of the year, wind power may usher in an "installation peak" in the second half of the year.

Listed companies have ample reserves of wind power projects

Under the "dual carbon" goal, the state has issued documents such as the "14th Five-Year Plan for Modern Energy System" to support the development of new energy such as wind power and photovoltaics, and promote the boom of the new energy industry. Zheshang Securities said that the guidance of industrial policies will support the demand for medium and long-term wind power, and the reduction in installed cost is also expected to promote the rapid growth of installed capacity.

With the support of policies, the bidding volume of wind power projects will continue to increase in 2022. According to incomplete statistics from Bank of China Securities, as of July 22, the public bidding capacity of wind turbines in China exceeded 52.98GW, which is close to the bidding volume for the whole year of last year. It is expected that the bidding volume for the whole year is expected to exceed 80GW. In this context, wind power development companies currently have ample reserves of wind power projects to be developed.

Among them, the leading listed companies in the wind power industry "hold" a large-scale standby capacity. For example, Yunnan Energy Investment has deployed five wind farm development projects, and the planned new wind power installed capacity will reach 1.82GW. In the first half of 2022, the Qujing Tongquan Wind Farm has started construction; Three Gorges Energy will add new approved projects in 2021. The planned installed capacity of wind power About 3GW; Longyuan Power won the bid for new energy projects with an installed capacity of 9.465GW, of which the installed capacity of wind power is 2.172GW.

On July 22, Yuedian Power A also said that the company has put into production about 1.97 million kilowatts of new energy such as wind power, including about 770,000 kilowatts of onshore wind power and about 1.2 million kilowatts of offshore wind power. In 2022, the company will continue to increase investment in new energy and actively promote project construction. It is expected that the new installed capacity of new energy will exceed 2 million kilowatts.

Relevant policies also provide a "green light" for the construction of green energy projects such as wind power, and guide financial institutions to increase their support for projects with significant carbon emission reduction benefits. In 2021, the China Development Bank proposed to set up a special "dual carbon" loan in the energy sector with a total scale of 500 billion yuan during the "14th Five-Year Plan" period. Since then, provincial and municipal governments and financial institutions have actively responded to relevant policies and provided support for the construction of green energy projects.

By leveraging the capital market, wind power companies' capital needs for implementing new energy strategies are gradually being met. On July 5, in order to meet the capital needs for the construction of two wind power projects, two subsidiaries of Yunnan Energy Investment applied for fixed asset loans from banks in the form of syndicated loans, with a total loan of no more than 3.766 billion yuan and 1.876 billion yuan respectively. On July 28, Yunnan Energy Investment's 1.866 billion yuan fixed increase plan was approved by the China Securities Regulatory Commission, and the raised funds will be invested in the construction of wind farm projects.

Large base and centralized construction trend

From the perspective of China's wind power construction trend, wind power projects are transitioning from a single model to a comprehensive mode of multiple power generation. The construction scale and power generation capacity of comprehensive new energy bases are also much larger than those of a single wind power project.

On July 27, Li Chuangjun, director of the New Energy and Renewable Energy Department of the National Energy Administration, said that up to now, the first batch of large-scale wind power photovoltaic base projects have been fully constructed. The list of the second batch of base projects has also been issued, mainly in Inner Mongolia, Ningxia, Xinjiang, Qinghai, Gansu and other regions. It has been included in the package of policies and measures to stabilize the economy issued by the State Council. These regions are speeding up the preliminary work of the project. Actively promote the construction of the project.

"With the release of large-scale 'scenery' base construction plans in many provinces, comprehensive large bases and large-scale development may become the mainstream mode of new energy project construction." Qi Haishen, president of Beijing Teyi Sunshine New Energy Technology Co., Ltd. reporter said.

The construction of large "scenery" bases will be "landed" one by one by energy development companies. According to statistics from the International Energy Network, in the first half of 2022, a number of leading companies in new energy development, including Energy China, China Resources Group, Power China, Datang Group, and State Power Investment Corporation, signed 43 "wind-solar storage" projects with a planned scale of 51.52GW, with a total investment of 358.597 billion yuan. Among them, Huadian Group's 1.05 million kilowatt "wind-photovoltaic storage" multi-energy complementary base project in Mulei, Xinjiang started on April 16. Keywords: infrastructure, infrastructure construction, domestic engineering news, planning and investment

"In addition, offshore wind power will also usher in a peak of development. Large-scale offshore wind power projects of '10 MW+' are growing rapidly, which is also one of the development trends of the wind power industry in the world." Qi Haishen said that offshore wind power does not occupy or Less occupation of land resources has become a major advantage, and wind power projects are gradually moving from onshore wind power to offshore wind power, and even from the offshore shallow sea to the deep sea field. Editor / Xu Shengpeng