BloombergNEF ranks Shanghai Electric Wind Power Group among the top five wind turbine manufacturers of 2021 in China

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SHANGHAI, April 30, 2022 /CNW/ – Shanghai Electric Wind Power Group (“Shanghai Electric Wind Power” or “the Company”) has been named one of the top five wind turbine manufacturers in Chinawith its newly added offshore wind capacity surpassing all other industry players in China in 2021, according to BloombergNEF China Report on the top 10 wind turbine manufacturers in 2021.

(PRNewsfoto/Shanghai Electric)

(PRNewsfoto/Shanghai Electric)

The report, which classifies China wind turbine manufacturers based on new wind turbines installed throughout 2021, shows that Shanghai Electric Wind Power took the fifth place by increasing its wind capacity by 5.18 GW, obtaining 9% market share in China. The company retains the top spot in the offshore wind scene, with the company’s newly installed offshore capacity increasing by 4.1GW during the year.

“In light of the lingering effects of the COVID-19 pandemic and fierce market competition triggered by the impending end of offshore wind subsidies, Shanghai Electric Wind Power has overcome the challenges and broken multiple industry records. industry, earning recognition from our partners for our outstanding installation efficiency. , as well as the quality of products and services. These industry accolades have given us new momentum as we continue to reshape China wind power sector with the aim of accelerating towards peak carbon and neutrality targets,” Shanghai Electric wrote in a statement.

In 2021, China newly installed wind capacity increased by a total of 55.8 GW, a slight decrease of 3% compared to 2020, crossing the 50 GW threshold for the second consecutive year. It comes at a time when China The wind energy sector faces market uncertainties related to soaring global commodity prices as well as supply chain disruptions. Offshore commissioning rates soared 351% last year adding 14.2 GW, while domestic onshore capacity fell 23% from its 2020 peak, to 41.6 GW in 2021 .

Founded in 2006, Shanghai Electric Wind Power offers services such as wind turbine manufacturing, wind farm operation and maintenance (O&M), wind resource assessment, digitized wind farm investment and development, wind farm asset management, smart energy, etc. The Company’s product portfolios include wind turbines ranging in capacity from 1.25 MW to 10 MW.

The last decade and a half to have saw the company launch to become the largest manufacturer of offshore wind turbines in China, consolidating its leadership in the global new energy sector. In May 2021Shanghai Electric Wind Power has launched an initial public offering on the Science and Technology Innovation Board of the Shanghai Stock Exchange, through which the company can increase investment in R&D of its core technology.

Last year, Shanghai Electric Wind Power also unveiled its Petrel SEW11.0-208 platform to the world. The company’s proprietary direct-drive flagship turbine has a rated capacity of 11 MW – the largest of its kind in Asia – marking a major step forward for China local innovation in offshore wind technology.

With the development of advanced technologies at the forefront of its strategy, the Company seeks to cooperate with leading wind energy companies in the hope of jointly advancing the global new energy industry. Today, the company is expanding its partnerships upstream and downstream, focusing on digitized wind farm development and intelligent operation and maintenance, transforming itself into a full-cycle service provider. Aiming to become a world-class wind power company, Shanghai Electric Wind Power is strengthening its global presence, offering its high-quality products and services to customers around the world.

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SOURCE Shanghai Electric

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