Green power market momentum extends to wind power sector; sector rapidly rallies, Tianneng Heavy Industry rises over 10%

(Source: Caixin)

As of the time of publication, the constituent stock TianNeng Heavy Industries rose over 10%, with Hongde Co., Zhengjiang Co., Goldwind Technology, Guangda Special Materials, Taisun Wind Energy, and others also following the upward trend.

On March 16, wind power equipment continued to be active in the morning session. As of the time of publication, the constituent stock TianNeng Heavy Industries (300569.SZ) rose over 10%, with Hongde Co. (301163.SZ), Zhengjiang Co. (603507.SH), Goldwind Technology (002202.SZ), Haili Wind Power (301155.SZ), Guangda Special Materials (688186.SH), Taisun Wind Energy (300129.SZ), and others also gaining.

In terms of news, the UK will remove 33 wind power component import tariffs starting April 1. The tariffs on core parts such as blades and cables will be reduced from 6% and 2% to 0%, aiming to release £22 billion in investment and accelerate offshore wind installations in the North Sea. Additionally, the green energy sector is experiencing a policy + market + capital triple resonance, showing an independent trend amid market volatility and differentiation, becoming one of the core tracks for capital hedging and deployment. This is driven by the long-term logic of energy transition national policies, new demand for energy computation synergy, and the nationwide green electricity trading implementation. The sector’s valuation recovery and growth realization are advancing on dual tracks, though it also faces phased pressures such as absorption, costs, and competition, overall presenting a pattern of “leading companies stable, niche segments flexible, and policy support.”

Data shows that in China, from January to February 2026, a total of 81 wind power projects completed equipment bidding, with a total scale of about 12.335 GW (excluding framework bidding). Electric wind power (15.540, 0.26, 1.70%) led with a winning bid of 2,558 MW, accounting for 20.74% market share, especially with a high proportion of 53.39% in offshore wind power. The zero-tariff policy in the UK resonates with the surge in domestic wind power bidding, continuing the trend from general green energy to more segmented wind and offshore wind sectors. The sector’s prosperity is expected to further rise, with targets that have offshore advantages and leading offshore wind companies likely to continue attracting capital.

CITIC Securities pointed out that the green fuel industry is related to national energy security, positioned as an alternative to oil and gas. The sector has shifted from a decarbonization optional to a rigid national strategy, with clear growth potential. The valuation premium logic of “oil replacement + national energy security” will drive a fundamental restructuring of the wind power industry’s development logic. The industry is expected to see a systemic upward shift in valuation centers, a comprehensive switch in valuation systems, and a long-term growth ceiling being fully unlocked, leading to a triple revaluation of value.