The cost has gradually tended to clear wind high-profit era

Almost every unexpected surprise in the bidding for wind turbines has occurred. Since last year, the price of wind turbines has been decreasing month by month and competition has been fully carried out. Some people worry that this will affect the quality of the fan and after-sales service. In an interview, the reporter learned that this type of concern was insufficient, and compared with previous years, the competition in the wind power machine market was more complete. Moreover, the observation of the financial data of wind turbine equipment companies did not see a decrease in profits. The decline in the price of wind turbines only shows that after a relatively full market competition, the cost gradually becomes clear. In the wind power industry, there is still a lot of room for decline in the future, which will be beneficial to the long-term development of the wind power industry.

On October 26th, the reporter learned from the "Zhangjiakou Dam Million Kilowatt-class Wind Power Base Phase II" and "Hami Xinjiang Ten Thousand Kilowatt-class Wind Power Base Southeast Wind Zone Wind Power Unit Tender Conference" that Goldwind Technology had to pay 3,850 yuan / kilowatt. The Sinovel Wind Power Co., Ltd. quoted a price of 3,983 yuan/kilowatt, and declared that the cost per kilowatt for the 1.5MW wind turbine unit fell below 4,000. In addition, Shanghai Electric's 2.0 megawatt unit of 3899 yuan / kilowatt, Dongfang Electric 2.5 megawatt unit 4036 yuan / kilowatt and Mingyang wind power 3.0 megawatt wind turbine 4100 yuan / kilowatt offer, also created their own different levels of the latest record.

Low price does not mean that the price of wind turbines tends to be transparent. Wind turbines, although not entirely in the market, have competed for dozens of companies at home and abroad and have gradually made fan costs transparent.

The price history of wind turbines was traced back from the average price of 4,800 yuan/kW in April 2004 to 6,200 yuan/kW in early 2008. However, since the second half of 2008, the market price of wind turbines in China has shown a declining trend, especially since 2009, the market price of wind turbines has rapidly declined. By the end of 2009, the market price of domestic wind turbines has dropped from about RMB 6,200/kg in early 2008 to less than RMB 5,000/kWh.

At present, the price of wind turbines is decreasing month by month, and almost every bidding project will set a new record. At the high of 6,200 yuan/kWh in 2008, today's prices are simply unthinkable.

Some people in the industry are worried that too low prices will damage the quality of wind turbines. In fact, there is no need to worry about this. The company’s offer is naturally considered after integrating the costs, projects, and competitors. No one wants to deal with the loss, and the quotation is repeated. The new low can only explain the gradual transparency of the cost of wind turbines.

The low quotes have no basis to influence profits Yao Yu, Director of Public Affairs of Goldwind Science and Technology, told the “China Energy News” reporter: “The price of the 1.5MW wind turbine from Goldwind is the lowest, and we did not know before the bid opening. Goldwind did not In order to fight the price war, this quotation is based on the fact that we have to confess to the shareholders of the company, ensure the requirements of wind farm customers and ensure the company's profitability. We do not pursue the lowest price, and we are pursuing the best price/performance ratio of wind turbines."

From the financial data of Goldwind Technology, we can see that although the price of wind turbines has decreased month by month, its profit growth has not stopped. The third quarter of 2010 reported that Goldwind achieved operating revenue of RMB 4.588 billion, a year-on-year increase of 56.86%, and net profit of RMB 759 million, a year-on-year increase of 56.55%. Not only did the third quarter perform well, from January to September this year, Goldwind achieved a total operating revenue of 10.893 billion yuan, an increase of 61.78%; a net profit of 1.532 billion yuan, an increase of 49.72%; the first three quarters of earnings per share was 0.6839 yuan. /Shares, up 49.72% year-on-year.

It can be seen that even if the price of wind turbines has dropped to more than 3,000 yuan/kW, equipment manufacturers are still profitable. This also shows on the other hand that in the past few years, the profit level of the fan equipment industry was relatively high. It is not difficult to draw conclusions from the average wage of employees of wind power equipment companies, but the cost of wind turbines is now due to more adequate market competition. The level of profit has gradually become clear, ending the era of high profits.

There is still room for price cuts to help the long-term development of wind power. Yao Yu told reporters: “The 1.5 megawatt wind turbine is a mature product. Goldwind has sold more than 2,000 units, and the scale, mass production, and standardized production have reduced the cost. Larger."

The power of standardization is very powerful. It not only guarantees the quality of the product, but more importantly it reduces the cost of the product. It is like buying furniture. For the same manufacturer, if they buy their standard products, the price is relatively low. If the size and structure of furniture are changed according to their own needs, that is, the use of materials is reduced, it will also increase the expenditure. Why is the French nuclear power unit cheaper than the UK's coal power unit? It is because all French-made nuclear power units implement a unified standard model. What is even more striking is the quoted price of RMB 3,899/kW for Shanghai Electric 2.0 MW units, 4,036 yuan/kW for Dongfang Electric 2.5 MW units and 3.0 MW wind power units for Mingyang Wind Power, all at RMB 4,000/kW. up and down. If we say that 1.5 megawatts have reduced production costs due to scale and standardization, we cannot fully explain why the price of 2 MW or more units that have not yet reached large-scale production is so low. It can be seen from the side that the price of wind turbines is not yet close to the cost, and there is room for further price reductions, which is beneficial to the long-term development of China's wind power industry.