GHDX: Land and Offshore Wind Tender Volumes Surge Simultaneously in July, Bullish on Wind Power Sector Bottom Reversal (7.26)

English summary

#As of July, wind turbine tenders nearly 20GW, a new record single-month high! As of July 26, new land wind tenders reached 18.95GW, +313% yoy, already a new record single-month high. This includes Huaneng's 4.21GW centralized procurement and SPIC's 5.73GW centralized procurement. In addition, China Energy initiated a 15GW frame procurement (not included in the statistics). New offshore wind tenders were 861MW, mainly from the second batch of Jiangsu competitive allocation projects. Currently, 1.71GW of these projects have completed wind turbine tenders, #all tendered projects are planned to start construction this year. #Based on Goldwind's Q1 data, cumulative land wind tenders from 2026 to date are 63.22GW; cumulative offshore wind tenders are 3.23GW. Tender volume in 1-7 months increased 13% yoy. #Renewable Energy '15th Five-Year Plan' issued, land and offshore wind enter tender peak simultaneously On July 23, the 'Renewable Energy Development 15th Five-Year Plan' was released, proposing that by 2030, cumulative installed capacity of wind and solar reaches more than 2800GW, cumulative offshore wind capacity reaches 100GW, with new construction start of 100GW, etc.…