Large wind turbine manufacturing

Wind turbines

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Large wind turbine manufacturing
Large wind turbine manufacturing
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Renewable Resources and Alternative Energy
Alternative Energy
Business Model Description

Large-scale wind turbine generator systems can reduce the per kWh cost of electricity generation. The profit model of leading wind turbine manufacturers will shift to selling wind turbines and wind farms rather than only wind turbines. (7) (8)

Expected Impact

The development of large-scale wind turbines can reduce cost of electricity generation and greenhouse gases emissions, and create more jobs.

How is this information gathered?
Updated: 11 Dec, 2023 Date of Production: 30 Sep, 2021
China
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
20% - 25% (in GPM)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
On-grid wind power capacity in China would reach 280 million kW in 2020. (16)
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
> USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Affordable and Clean Energy (SDG 7)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Climate Action (SDG 13)

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Sector Sources
  • (1) State Council, 2021, Action Plan for Carbon Dioxide Peaking Before 2030 (2) IRENA, 2019, Renewable energy: a gender perspective. https://www.irena.org/publications/2019/Jan/Renewable-Energy-A-Gender-Perspective (3) Forward Intelligence, Market Foresight and Investment Strategy Report of China's Wind Power Industry, https://bg.qianzhan.com/report/detail/f7fa9c50850a4f16.html?v=footer2 (4) Guiding Opinions of the State Council on Accelerating the Establishment of a Sound Economic System with Green, Low-carbon and Circular Development (No. 4 [2021] of the State Council), http://www.gov.cn/zhengce/content/2021-02/22/content_5588274.htm 5) XNY365, http://www.xny365.com/zhuanjia/article-53293.html (6) Zhu Linzhi, Chen Ning, Han Hualing. Keys Problems and Solutions of Wind Power Accommodation [J]. Automation of Electric Power Systems, 2011, 035(022):29-34.
IOA Sources
  • (7) China Wind Power, 2021 Wind Power Review and Outlook, https://news.bjx.com.cn/html/20211029/1184630.shtml (8) China Energy News, https://wap.cnki.net/touch/web/Newspaper/Article/SHCA201906240090.html (9) in-en.com, https://wind.in-en.com/html/wind-2413240.shtml (10) BJX.com.cn, https://news.bjx.com.cn/html/20200407/1061268.shtml (11) Liu Shiyu, Chen Junjie, Analysis and suggestions on new energy consumption situations in the 14th Five-Year Plan, https://guangfu.bjx.com.cn/news/20210918/1177646.shtml (12) National Energy Agency, http://www.nea.gov.cn/2021-03/30/c_139846095.htm (13) in-en.com, https://www.in-en.com/finance/html/energy-2244999.shtml (14) IRENA, Future of Wind: Deployment, investment, technology, grid integration and social-economic aspects, https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2019/Oct/IRENA_Future_of_wind_2019_summ_CH.pdf?la=en&hash=9EA292792EC04AF45CB7C05A6161F343CD242FEF (15) National Development and Reform Commission, "Notice of Encouraging the Intensified Financial Support to Promote the Sound and Orderly Development of Wind Power and Photovoltaic Power Industries", https://www.ndrc.gov.cn/xwdt/tzgg/202103/t20210312_1269411.html?code=&state=123 (16) National New Energy Consumption Monitoring and Early Warning Center, https://mp.weixin.qq.com/s/foZ9JOTq-rJ1WpZIgcpBWQ (17) GWEC, Wind Power as an Important Engine for Achieving Global Economic Recovery, https://gwec.net/green-recovery-policy-recommendations/ (18) National Energy Administration, 2013, Notice of Issuing the Rules on Wind Power Standard Establishment, the Technical Committee Charter for Wind Power Standardization in the Energy Industry, and the Wind Power Standard System Framework, http://www.nea.gov.cn/2013-10/12/c_132792051.htm (19) National Energy Administration, 2021, Notice on Matters Concerning the Development and Construction Plan for Wind Power and Photovoltaic Power Generation in 2021, http://zfxxgk.nea.gov.cn/2021-05/11/c_139958210.htm (20) BJX.com.cn, https://news.bjx.com.cn/html/20200227/1048174.shtml (21) Xinhua News Agency, The Outline for the 14th Five-Year Plan for Economic and Social Development and Long-Range Objectives through the Year 2035, http://www.gov.cn/xinwen/2021-03/13/content_5592681.htm (22) National Energy Administration, 2020, Guiding Opinions on Energy-related Work in 2021, http://www.nea.gov.cn/2020-06/22/c_139158412.htm (23) National Energy Administration, 2011, Notice on Issuing the Interim Measures for the Administration of the Development and Construction of Wind Power, http://zfxxgk.nea.gov.cn/auto87/201302/t20130226_1583.htm (24) China, 2015, Notice on Value-Added Tax Policies for Wind Power Generation, http://szs.mof.gov.cn/zhengcefabu/201506/t20150616_1256851.htm (25) Ministry of Finance, 2020, Several Opinions on Promoting the Healthy Development of the Power Generation of Non-water Renewable Energy, http://www.scio.gov.cn/xwfbh/xwbfbh/wqfbh/44687/45175/xgzc45181/Document/1701228/1701228.htm