The latest data shows that as of now, the newly added wind power capacity nationwide exceeds 57.84 million kilowatts, with a total connected capacity of 580 million kilowatts, accounting for 15.7% of the country’s total installed electric power capacity. Wind power generation from large-scale enterprises contributes to 10.1% of total electricity consumption in society. China has maintained its position as the world leader in wind power installations for 15 consecutive years and is entering a new era with an annual increase of over 10 million kilowatts in installed capacity. From January to August 2025, the nation’s wind power capacity reached 58 GW, a 72% year-on-year increase, and Q3 saw a continued upward trend in land and sea wind power deliveries. From January to September 2025, bidding for land-based wind turbines reached 79 GW, up 7% year-on-year, while offshore wind bidding reached 8.3 GW, an increase of 9% year-on-year. Offshore projects in Jiangsu and Guangdong are progressing smoothly, with expectations for deep-sea development.
On October 20, the 2025 Beijing International Wind Energy Conference and Exhibition, regarded as a "barometer" of China's wind power industry, officially opened. During the opening ceremony, the "Beijing Wind Energy Declaration 2.0" was released, aiming to unify global consensus and strength within the wind power industry. It noted that during the 14th Five-Year Plan period, the annual newly installed capacity should not be less than 120 million kilowatts, doubling the annual installation targets proposed in 2020.
According to Zhiyuan Finance APP, Zhou Likai, the board secretary of SANY Renewable Energy, stated in a media interview that the worst of wind power prices is behind us, and the industry's profitability will significantly improve next year. Although company performances may vary, it is expected to be a relatively good year for the industry.
Hong Kong stocks related to the wind power industry include China Longyuan (00916), which is a publicly listed company under the China Energy Group focused on renewable energy with rapid growth in offshore wind power business. It operates multiple large offshore wind farms in Jiangsu and Fujian, benefiting from VAT reimbursement policies that enhance cash flow and overall performance. Earlier this year, the company won the bid for the 1 million kilowatt offshore wind project in Longyuan Shayang, a key project for Jiangsu Province.
Goldwind Technology (02202), as one of the leading companies in China’s wind power industry, has invested significantly in the R&D and manufacturing of offshore wind power technology. This policy is likely to further promote the offshore wind power market, providing a favorable market environment for the sale of its offshore wind power equipment. Goldwind's revenue from its own wind farms is expected to reach 10.8 billion RMB in 2024. In the first half of 2025, new orders in the offshore wind power market amounted to 6 GW. In the October 2025 bid for the Huadian 675 MW wind power project, Goldwind secured over 43% of the total bids, demonstrating its strong competitive edge in offshore wind power project bidding. Additionally, Goldwind is actively establishing its presence in the offshore wind power market with plans to invest 6 billion RMB to build a carbon-neutral wind power industrial base in the Beibu Gulf, further enhancing its competitiveness in this sector. Goldwind's cumulative delivery of mixed wind towers has surpassed 3,000 units, serving over 240 wind power projects across 21 provinces, with a total delivered capacity exceeding 15 GW.