China aims to double offshore wind capacity to 100 GW by 2030
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On September 24, 2024, wind power equipment stocks in China strengthened during trading, according to a report from Southern Finance citing market data. The positive movement was driven by a policy announcement from the State Council Information Office, which held a press conference on the '15th Five-Year Plan' period. The government stated that China will strengthen marine development and protection, projecting that by 2030, the national offshore wind power installed capacity will double to reach 100 gigawatts (1 billion kilowatts). Additionally, the total marine economy output value is expected to exceed 13 trillion yuan by the same year. The report also mentions a note from Caitong Securities on the new energy sector. The news was originally sourced from Southern Finance Network and published on East Money's company reports section.
Source report
September 24, 2024 — Shares of wind power equipment companies, including Luozhou Co., Jixin Technology, Weili Transmission, Xihua Technology, and He Energy, saw gains on September 24.
According to a report from China Central Television (CCTV), the State Council Information Office recently held a press conference under the "Fifteen-Five" (2026–2030) series, detailing plans to promote the safe, efficient, and sustainable use of natural resources.
Key highlights from the announcement include:
- During the "Fifteen-Five" period, China will strengthen the development, utilization, and protection of marine resources.
- By 2030, the national gross ocean product is expected to exceed 13 trillion yuan.
- Offshore wind power installed capacity is projected to double, reaching 100 million kilowatts.
Source: Caitong Securities New Energy / Southern Finance Network
Source
东方财富网-公司报道Eastern