The rapid warming of the offshore wind power market has made special construction and installation equipment for offshore wind farms a big cake in the eyes of businesses.
“There is currently a large-scale project under discussion and we will use our dedicated complete sets of equipment for offshore wind farm construction and installation.†Recently, the president of the Marine Engineering Design Institute of Sany Electric Co., Ltd. (hereinafter referred to as “Sanyi Electricâ€) Wang Xinming told the “China Business News (blog, microblogging)†reporter that the company’s first set of inter-tidal wind turbine construction special equipment and equipment will be available to buyers in May.
An informed source told reporters that the amount involved in the project reached 200 million yuan. If successful, SANY Electric will reverse the unfavorable situation of previously over-investment and too slow profits, and take the initiative in offshore wind power construction and installation markets. According to Sany Electric forecast, the market capacity can reach 10 billion yuan.
However, some offshore wind power experts pointed out that offshore wind power construction and installation equipment has huge investment. Only when the scale of offshore wind farms reaches more than 500,000 kilowatts, and the development and construction period is shortened to about one year, the related development and construction enterprises of wind power projects may recover their Investment in equipment.
Is the market for offshore wind power equipment still in the breeding period able to give back to Sany Electric a miracle?
Layout of billions of feasts The industry likes to describe the development of Sany Electric in the wind power market with “three-year dormancy and billions of dollarsâ€.
In April 2008, Sany Group established Sanyi Electric with a registered capital of RMB 1.28 billion to engage in wind power technology research and manufacture of complete wind turbine equipment. Since its establishment three years ago, Sany Electric has invested RMB 3.15 billion for this purpose.
SANY Electric Co., Ltd., which possesses the advantages of the Group's heavy industry, has entered into offshore wind power installations, which can be described as being backed by big trees. "This is the result of the combination of the "heavy-works gene" of the parent company Sany Group and the development advantages of the wind power business, and it is also out of the optimistic view of the offshore wind power market," Wang Xinming said.
“At present, the project we are talking about is the first project after the mockup in May. It can be called our zero breakthrough in marine equipment.†According to informed sources, the goal of SANY Electric is to provide customers with a total solution. The plan includes the wind farm site selection, development, equipment and even the total construction of wind farms.
Sany Electric is optimistic about the development prospects of offshore wind power. According to the “12th Five-Year Plan†energy plan and renewable energy plan currently being formulated, China’s offshore wind power will reach 30 million kilowatts by 2020, including nearly 5.1 million kilowatts in the intertidal zone and more than 20 million kilowatts in the offshore.
Wang Xinming revealed that Sany Electric has completed the research and design of offshore wind farm construction equipment. "Over 20 million kilowatts of offshore wind power planning, if calculated according to the installation of 5 MW fans, the installation scale will reach 5,540 units, and according to the installation cost of 3 million yuan for a wind turbine, the offshore wind power construction equipment market will exceed 10 billion yuan."
What Sany Electric wants is not just a small cup in this “billion-dollar feastâ€.
In March this year, Sany Group and Zhuhai Municipal Government signed an agreement on wind power development and wind power equipment manufacturing projects, relying on Zhuhai's abundant offshore wind power natural resources, plans to invest 10 billion yuan to invest in the construction of wind farms and wind power equipment manufacturing in Zhuhai City. project. Then in July, the Sanyi Marine Heavy Industry Research Institute was established in Zhuhai.
Industry analysis, this time the layout can be seen, leveraging on the Group's technology research and development and financial strength, SANY Electric wants to be in the initial stage of offshore wind power, offshore wind turbine installation equipment is still in short supply, in the intertidal The speed of rushing on belts and offshore installations has taken the market first.
However, it is not easy to have a place in the offshore wind power construction equipment market.
Group Investment Constraints Although Sany Electric has invested RMB 3.15 billion to develop the wind power industry, according to the list of “China's Top 20 Installed Wind Turbines Installed Power Plants in 2010†published by the China Wind Energy Association, Sany Electric ranked 19%, accounting for only 0.6%. Market share.
A wind power developer in Jiangsu told reporters that according to the plan, China is expected to become the world’s largest offshore wind power company by 2020, and the outbreak of offshore wind power market will sooner or later. In this regard, companies such as Longyuan Electric Power, Dalian Heavy Industry, China Shipbuilding Industry, and Daoda Marine Heavy Industry Group are waiting in the wings to seize the offshore wind installation market.
How to break through in the assortment of numerous companies is the biggest problem facing Sany Electric.
An offshore wind expert told reporters that the offshore development of offshore wind power equipment is huge and the company will face great investment risks.
“The development speed of domestic offshore wind power is not as fast as we expected, because the procedures for approval of the project are complex, including a series of approval procedures for marine, maritime, waterway, and environment, and the approval process may take only one year to arrive. One and a half years, under such circumstances, if high-priced special installation equipment is used, depreciation and amortization will increase the financial cost of the project, thereby aggravating the developer's investment risk."
SANY Electric also felt no small pressure. The voice from Sany Group even believes that with its economic strength, SANY Electric may use another method to “go fasterâ€. This "faster" path is also the choice of most wind power companies, such as the rapid production of wind turbines through joint design with mature companies; or giants such as GE relying on acquisitions to expand the territory. However, SANY insists on the path of independent research and development and the entire industry chain.
According to industry insiders, this strategy may lead to high investment costs and long payback periods. It is reported that Sany Electric has invested more than 300 million yuan in equipment only in the production of gearboxes. Even the special equipment for construction of inter-tidal wind power facilities favored by Sany Electric, the initial production investment has passed 100 million yuan, which does not include the input of a large number of high-tech talents in the research and development process during the three years.
Informed sources said that because it has not been profitable, Sany Group once wanted to sell some of Sany Electric's shares. However, Sany Electric denied this claim.
"After the second batch of offshore wind power concession projects are launched next year, after two years of construction, it is estimated that there will be an outbreak of demand in 2014 or 2015." Wang Xinming stated that at present, the offshore wind power special equipment market may be in a dormant period.
The above-mentioned sources pointed out that under the big tree, the development of Sany Electric must rely on the Group's support and investment in it. Data show that in 2010, Sany Group achieved sales revenue of more than 50 billion yuan. SANY Electric Co., Ltd. heavily invested in the offshore wind power equipment market, or become a turning point in its profitability.
“There is currently a large-scale project under discussion and we will use our dedicated complete sets of equipment for offshore wind farm construction and installation.†Recently, the president of the Marine Engineering Design Institute of Sany Electric Co., Ltd. (hereinafter referred to as “Sanyi Electricâ€) Wang Xinming told the “China Business News (blog, microblogging)†reporter that the company’s first set of inter-tidal wind turbine construction special equipment and equipment will be available to buyers in May.
An informed source told reporters that the amount involved in the project reached 200 million yuan. If successful, SANY Electric will reverse the unfavorable situation of previously over-investment and too slow profits, and take the initiative in offshore wind power construction and installation markets. According to Sany Electric forecast, the market capacity can reach 10 billion yuan.
However, some offshore wind power experts pointed out that offshore wind power construction and installation equipment has huge investment. Only when the scale of offshore wind farms reaches more than 500,000 kilowatts, and the development and construction period is shortened to about one year, the related development and construction enterprises of wind power projects may recover their Investment in equipment.
Is the market for offshore wind power equipment still in the breeding period able to give back to Sany Electric a miracle?
Layout of billions of feasts The industry likes to describe the development of Sany Electric in the wind power market with “three-year dormancy and billions of dollarsâ€.
In April 2008, Sany Group established Sanyi Electric with a registered capital of RMB 1.28 billion to engage in wind power technology research and manufacture of complete wind turbine equipment. Since its establishment three years ago, Sany Electric has invested RMB 3.15 billion for this purpose.
SANY Electric Co., Ltd., which possesses the advantages of the Group's heavy industry, has entered into offshore wind power installations, which can be described as being backed by big trees. "This is the result of the combination of the "heavy-works gene" of the parent company Sany Group and the development advantages of the wind power business, and it is also out of the optimistic view of the offshore wind power market," Wang Xinming said.
“At present, the project we are talking about is the first project after the mockup in May. It can be called our zero breakthrough in marine equipment.†According to informed sources, the goal of SANY Electric is to provide customers with a total solution. The plan includes the wind farm site selection, development, equipment and even the total construction of wind farms.
Sany Electric is optimistic about the development prospects of offshore wind power. According to the “12th Five-Year Plan†energy plan and renewable energy plan currently being formulated, China’s offshore wind power will reach 30 million kilowatts by 2020, including nearly 5.1 million kilowatts in the intertidal zone and more than 20 million kilowatts in the offshore.
Wang Xinming revealed that Sany Electric has completed the research and design of offshore wind farm construction equipment. "Over 20 million kilowatts of offshore wind power planning, if calculated according to the installation of 5 MW fans, the installation scale will reach 5,540 units, and according to the installation cost of 3 million yuan for a wind turbine, the offshore wind power construction equipment market will exceed 10 billion yuan."
What Sany Electric wants is not just a small cup in this “billion-dollar feastâ€.
In March this year, Sany Group and Zhuhai Municipal Government signed an agreement on wind power development and wind power equipment manufacturing projects, relying on Zhuhai's abundant offshore wind power natural resources, plans to invest 10 billion yuan to invest in the construction of wind farms and wind power equipment manufacturing in Zhuhai City. project. Then in July, the Sanyi Marine Heavy Industry Research Institute was established in Zhuhai.
Industry analysis, this time the layout can be seen, leveraging on the Group's technology research and development and financial strength, SANY Electric wants to be in the initial stage of offshore wind power, offshore wind turbine installation equipment is still in short supply, in the intertidal The speed of rushing on belts and offshore installations has taken the market first.
However, it is not easy to have a place in the offshore wind power construction equipment market.
Group Investment Constraints Although Sany Electric has invested RMB 3.15 billion to develop the wind power industry, according to the list of “China's Top 20 Installed Wind Turbines Installed Power Plants in 2010†published by the China Wind Energy Association, Sany Electric ranked 19%, accounting for only 0.6%. Market share.
A wind power developer in Jiangsu told reporters that according to the plan, China is expected to become the world’s largest offshore wind power company by 2020, and the outbreak of offshore wind power market will sooner or later. In this regard, companies such as Longyuan Electric Power, Dalian Heavy Industry, China Shipbuilding Industry, and Daoda Marine Heavy Industry Group are waiting in the wings to seize the offshore wind installation market.
How to break through in the assortment of numerous companies is the biggest problem facing Sany Electric.
An offshore wind expert told reporters that the offshore development of offshore wind power equipment is huge and the company will face great investment risks.
“The development speed of domestic offshore wind power is not as fast as we expected, because the procedures for approval of the project are complex, including a series of approval procedures for marine, maritime, waterway, and environment, and the approval process may take only one year to arrive. One and a half years, under such circumstances, if high-priced special installation equipment is used, depreciation and amortization will increase the financial cost of the project, thereby aggravating the developer's investment risk."
SANY Electric also felt no small pressure. The voice from Sany Group even believes that with its economic strength, SANY Electric may use another method to “go fasterâ€. This "faster" path is also the choice of most wind power companies, such as the rapid production of wind turbines through joint design with mature companies; or giants such as GE relying on acquisitions to expand the territory. However, SANY insists on the path of independent research and development and the entire industry chain.
According to industry insiders, this strategy may lead to high investment costs and long payback periods. It is reported that Sany Electric has invested more than 300 million yuan in equipment only in the production of gearboxes. Even the special equipment for construction of inter-tidal wind power facilities favored by Sany Electric, the initial production investment has passed 100 million yuan, which does not include the input of a large number of high-tech talents in the research and development process during the three years.
Informed sources said that because it has not been profitable, Sany Group once wanted to sell some of Sany Electric's shares. However, Sany Electric denied this claim.
"After the second batch of offshore wind power concession projects are launched next year, after two years of construction, it is estimated that there will be an outbreak of demand in 2014 or 2015." Wang Xinming stated that at present, the offshore wind power special equipment market may be in a dormant period.
The above-mentioned sources pointed out that under the big tree, the development of Sany Electric must rely on the Group's support and investment in it. Data show that in 2010, Sany Group achieved sales revenue of more than 50 billion yuan. SANY Electric Co., Ltd. heavily invested in the offshore wind power equipment market, or become a turning point in its profitability.
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