Goldwind Shares Surge Over 10% in Afternoon Trading on European Wind Power Expansion and Offshore Growth Prospects

Stock News
03/18

Goldwind (02208) rose more than 10% in afternoon trading. At the time of writing, the stock was up 9.02% to HK$16.68, with a turnover of HK$807 million. The move follows the UK government's announcement that it will remove import tariffs on 33 wind power components effective April 1, reducing tax rates on key parts such as blades and cables from 6% and 2% to zero. Additionally, China's 15th Five-Year Plan explicitly calls for the construction of offshore wind power bases in the Bohai Sea, Yellow Sea, East China Sea, and South China Sea, promoting the orderly development of deep-water offshore wind power. The plan targets cumulative grid-connected offshore wind capacity to exceed 100 million kilowatts. Industrial Securities noted that supply chain bottlenecks in Europe's offshore wind sector continue to highlight opportunities for domestic leaders like Goldwind, which are accelerating their global expansion thanks to reliable delivery capabilities and cost advantages. Wind turbine prices are expected to see a modest recovery by 2026, with synchronized demand growth domestically and internationally. The dual strategy focusing on offshore wind and overseas markets is opening new growth avenues, underpinning strong industry prospects.

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