Table of Contents
Chapter One China Wind Power Equipment Industry Overview 1
1.1 Wind power equipment industry Chain 1
1.2 Wind Turbine blade industry Chain 5
1.3 China Wind turbine Gear Box Industry Chain 7
1.4 Wind bearings industry Chain 7
Chapter Two Wind Turbine Cost and Price Profit Margin Analysis 9
2.1 Sinovel（601558） 9
2.1.1 SL1500 Series Wind turbine Cost and price 9
2.1.2 SL3000 Series Wind turbine Cost and price 10
2.2 Goldwind (002202) 12
2.2.1 750KW Series Wind turbine Cost and price 12
2.2.2 1500KW Series Direct Drive Wind turbine Cost and price 13
2.2.3 2500KW Series Direct Drive Wind turbine Cost and price 15
2.3 DEC (600875) 16
2.3.1 1.5MW Doubly-fed induction wind turbine Cost and price 16
2.4 Mingyang 18
2.4.1 1.5MW Doubly-fed induction wind turbine Cost and price 18
2.5 Guodian United Power 20
2.5.1 1.5MW Series Doubly-fed induction wind turbine Cost and price 20
2.6 XEMC Windpower Co., Ltd（600416） 22
2.6.1 2.0MW Series Direct Drive Wind turbine Cost and price 22
Chapter Three Wind Turbine Blade Cost and Price Profit Margin Analysis 24
3.1 1.5MW Wind turbine blade Cost and price 24
3.2 2.0MW Wind turbine blade Cost and price 25
3.3 2.5MW Wind turbine blade Cost and price 25
3.4 3.0MW Wind turbine blade Cost and price 25
3.4 5.0MW Wind turbine blade Cost and price 25
Chapter Four Wind Turbine Gearbox Cost and price Profit Margin Analysis 26
4.1 1.5MW Gearbox Cost and price 26
4.2 2.0MW Gearbox Cost and price 26
4.3 3.0MW Gearbox Cost and price 26
Chapter Five Wind Bearings Cost and price Profit Margin Analysis 27
5.1 1.5MW Wind Bearings Cost and price 27
5.2 2.0MW Wind Bearings Cost and price 27
5.3 2.5MW Wind Bearings Cost and price 28
5.4 3.0MW Wind Bearings Cost and price 28
Chapter Six Generator Cost and price Profit Margin Analysis 28
6.1 1.5MW Generator Cost and price 28
6.2 2.0MW Generator Cost and price 29
6.3 2.5MW Generator Cost and price 29
6.4 3.0MW Generator Cost and price 29
Chapter Seven Wind Turbine Yaw system cost and price margin 30
7.1 1.5MW Wind Turbine Yaw system Cost and price 30
7.2 2.0MW Wind Turbine Yaw system Cost and price 30
7.3 2.5MW Wind Turbine Yaw system Cost and price 30
7.4 3.0MW Wind Turbine Yaw system Cost and price 31
Chapter Eight Wind Turbine Pitch system Cost and price Profit Margin Analysis 31
8.1 1.5MW Pitch System Cost and price 31
8.2 2.0MW Pitch System Cost and price 31
8.3 2.5MW Pitch System Cost and price 32
8.4 3.0MW Pitch System Cost and price 32
Chapter Nine Wind Turbine Control system Cost and price Profit Margin Analysis 32
9.1 1.5MW Control Systems Cost and price 32
9.2 2.0MW Control Systems Cost and price 33
9.3 3.0MW Control Systems Cost and price 34
Chapter Ten Wind Power Converter Cost and price Profit Margin Analysis 35
10.1 1.5MW Converter Cost and price 35
10.2 2.0MW Converter Cost and price 38
10.3 3.0MW Converter Cost and price 38
Chapter Eleven Wind Power Blade Gearbox Converter etc Cost and price Investment Opportunities Profitability Analysis 39
11.1 Wind turbine blade Feasibility 40
11.2 Wind power Gearbox Feasibility 43
11.3 Wind Power Converter Feasibility 46
11.4 Generator Feasibility 50
11.5 Wind Turbine Pitch System Feasibility 51
11.6 Wind Turbine Control System Feasibility 52
Chapter Twelve Feasibility Analysis of Wind Farm Operation 53
12.1 Class 1 Wind Resource Area 53
12.2 Class 2 Wind Resource Area 55
12.3 Class 3 Wind Resource Area 55
12.4 Class 4 Wind Resource Area 56
Chapter Thirteen Research Summary 58
Tables and Figures
Figure Stucture of Wind power equipment industry chain 1
Figure Structure of Wind Turbine 2
Table Wind turbine industry chain (Blade Bearing gearbox Electronic Control System Generators Wind farm operators, etc.) Companies List 2
Figure Wind Turbine Blade Industry Chain Structure 5
Figure Wind Turbine Blade Structure 6
Figure Wind Gear Box Industry chain 7
Figure Wind bearing Industry Chain Structure 7
Figure Wind Power bearing distribution in the wind turbine 8
Table 2009-2016 Sinovel SL1500 Wind Turbine Cost and price(10K RMB/Set) Profit Margin List 9
Table 2009-2016 Sinovel SL1500 Wind turbine（Blade Control Systems Bearings Main Frame Gearbox Generator etc.）detailed cost(10K RMB/Set) List 9
Figure Sinovel SL1500 Wind turbine Cost structure 10
Table 2009-2016 Sinovel SL3000 Wind turbine Cost and price(10K RMB/Set) Profit Margin List 10
Table 2009-2016 Sinovel SL3000 Wind turbine（Blade Control Systems Bearings Main Frame Gearbox Generator etc.）detailed cost(10K RMB/Set) List 11
Figure 2010 Sinovel SL3000 Wind turbine Cost structure 11
Table 2009-2016 Goldwind GW750KW Wind turbine Cost and price(10K RMB/Set) Profit Margin List 12
Table 2009-2016 Goldwind GW 750KW Wind turbine（Blade Control Systems Yaw system Generator Gearboxetc）detailed cost(10K RMB/Set) List 12
Figure 2010 Goldwind GW 750KW Direct Drive Wind turbine Cost structure 13
Table 2009-2016 Goldwind GW1500KW Wind turbine Cost and price(10K RMB/Set) Profit Margin List 13
Table 2009-2016 Goldwind GW1500KW Wind turbine（Blade Converter Control Systems Pitch System Generator etc.）detailed cost(10K RMB/Set) List 13
Figure 2010 Goldwind GW1500KW Direct Drive Wind turbine Cost structure 14
Table 2010-2014 Goldwind GW2500KW Permanent magnet Direct-drive wind turbine Cost and price(10K RMB/Set) Profit Margin List 15
Table 2010-2014 Goldwind GW2500KW Permanent magnet direct-drive wind turbine（Blade Full Power Converter Control Systems Pitch System Generator etc.）detailed cost(10K RMB/Set) List 15
Figure 2010 Goldwind GW2500KW Permanent Magnet Direct-drive wind turbine Cost structure 16
Table 2009-2016 DEC FD70/771.5MW Wind turbine Cost and price(10K RMB/Set) Profit Margin List 16
Table 2009-2016 DEC FD70/771.5MW Wind turbine（Blade Control Systems Bearings Main Frame Gearbox Generator etc.）detailed cost(10K RMB/Set) List 17
Figure 2010 DEC FD70/771.5MW Wind turbine Cost structure 18
Table 2009-2016 Mingyang MY1.5MW Wind turbine Cost and price(10K RMB/Set) Profit Margin List 18
Table 2009-2016 Mingyang MY1.5MW Wind turbine（Blade Control Systems Bearings Main Frame Gearbox Generator etc.）detailed cost(10K RMB/Set) List 19
Figure 2010 Mingyang MY1.5MW Wind turbine Cost structure 20
Table 2009-2016 Guodian United Power UP1500 Wind turbine Cost and price(10K RMB/Set) Profit Margin List 20
Table 2009-2016 Guodian United Power UP1500 Wind turbine（Blade Control Systems Bearings Main Frame Gearbox Generator etc.）detailed cost(10K RMB/Set) List 21
Figure 2010 Guodian United Power UP1500 Wind turbine Cost structure 22
Table 2009-2016 XEMC Windpower 2000 Direct Drive Wind turbine Cost and price(10K RMB/Set) Profit Margin List 22
Table 2009-2016 XEMC Windpower 2000 Direct Drive Wind turbine（Blade Converter Control Systems Pitch System Spindle Generator etc.）detailed cost(10K RMB/Set) List 23
Figure 2010 XEMC Windpower 2000 Direct Drive Wind turbine Cost structure 24
Table 2009-2016 1.5MW Wind turbine blade Cost and price (10K RMB/Set) Profit Margin List 24
Table 2009-2016 2.0MW Wind turbine blade Cost and price(10K RMB/Set) Profit Margin List 25
Table 2009-2016 2.5MW Wind turbine blade Cost and price(10K RMB/Set) Profit Margin List 25
Table 2009-2016 3.0MW Wind turbine blade Cost and price(10K RMB/Set) Profit Margin List 25
Table 2009-2016 5.0MW Wind turbine blade Cost and price(10K RMB/Set) Profit Margin List 25
Table 2009-2016 1.5MW Wind Turbine Gearbox Cost and price(10K RMB/Set) Profit Margin List 26
Table 2009-2016 2.0MW Wind Turbine Gearbox Cost and price(10K RMB/Set) Profit Margin List 26
Table 2009-2016 3.0MW Wind Turbine Gearbox Cost and price(10K RMB/Set) Profit Margin List 26
Table 2010 China 1.5MW Wind turbine Bearings Cost (10K RMB/Set) List 27
Table 2009-2016 1.5MW Wind Spindle Bearings Cost and price(10K RMB/Set) Profit Margin List 27
Table 2009-2016 2.0MW Wind Spindle Bearings Cost and price(10K RMB/Set) Profit Margin List 27
Table 2009-2016 2.5MW Wind Spindle Bearings Cost and price(10K RMB/Set) Profit Margin List 28
Table 2009-2016 3.0MW Wind Spindle Bearings Cost and price(10K RMB/Set) Profit Margin List 28
Table 2009-2016 1.5MW Double fed induction wind generator Cost and Price (10K RMB/Set) Profit Margin List 28
Table 2009-2016 1.5MW Permanent magnet direct drive wind generator Cost and price(10K RMB/Set) Profit Margin List 29
Table 2009-2016 2.0MW Permanent magnet direct drive wind generator Cost and price(10K RMB/Set) Profit Margin List 29
Table 2009-2016 2.5MW Permanent magnet direct drive wind generator Cost and price(10K RMB/Set) Profit Margin List 29
Table 2009-2016 3.0MW Double fed induction wind generator Cost and Price(10K RMB/Set) Profit Margin List 29
Table 2009-2016 1.5MW Wind turbine Yaw system Cost and price(10K RMB/Set) Profit Margin List 30
Table 2009-2016 2.0MW Wind turbine Yaw system Cost and price(10K RMB/Set) Profit Margin List 30
Table 2010-2014 2.5 MW Wind turbine Yaw system Cost and price(10K RMB/Set) Profit Margin List 30
Table 2009-2016 3.0MW Wind turbine Yaw system Cost and price(10K RMB/Set) Profit Margin List 31
Table 2009-2016 1.5MW Wind turbine Pitch System Cost and price(10K RMB/Set) Profit Margin List 31
Table 2009-2016 2.0MW Wind turbine Pitch System Cost and price(10K RMB/Set) Profit Margin List 31
Table 2010-2014 2.5 MW Wind turbine Pitch System Cost and price(10K RMB/Set) Profit Margin List 32
Table 2009-2016 3.0MW Wind turbine Pitch System Cost and price(10K RMB/Set) Profit Margin List 32
Table 2009-2016 AMSC Mita REnergy Electric Tianjin Dongfang Electric Auto-control Engineering Co., Ltd.etc Manufacturers 1.5MW Wind turbineControl Systems average price (yuan / set) List 32
Table 2009-2016 China 1.5MW Wind turbine Control Systems Cost, price, profit (yuan / set) margin List 33
Table 2009-2016 KK-Qianwei 2.0MW Wind turbine Control Systems Sales(set) Price(10KRMB/SET) Cost(10KRMB/SET) Revenue(10K RMB) Profit Margin List 33
Table 2009-2016 AMSC WindtecChina 3.0MW Wind turbine Control Systems Sales(set) Price(10KRMB/SET) Cost(10KRMB/SET) Revenue(10K RMB) Profit Margin List 34
Figure 2009-2016 China Wind turbine Control Systems Industry output value (100 Million RMB) and growth rate 34
Figure 2010 China Wind Turbine converter cost structure 35
Table 2010 China 1.5MW Full-power converters Cost, price, profit analysis list 35
Table 2009-2016 ABB China ACS800-77LC Wind Power Converter Sales(set) Price(10KRMB/SET) Cost(10KRMB/SET) Revenue(10K RMB) Profit Margin List 36
Table 2009-2016 ABB China ACS800－67 Wind Power Converter Sales(set) Price(10KRMB/SET) Cost(10KRMB/SET) Revenue(10K RMB) Profit Margin List 36
Table 2009-2016 Converteam China ProWindWind Power Converter Sales(set) Price(10KRMB/SET) Cost(10KRMB/SET) Revenue(10K RMB) Profit Margin List 36
Table 2009-2016 Converteam China MV7000Wind Power Converter Sales(set) Price(10KRMB/SET) Cost(10KRMB/SET) Revenue(10K RMB) Profit Margin List 37
Table 2009-2016 Emerson WinTrust 1.5MWWind Power Converter Sales(set) Price(10KRMB/SET) Cost(10KRMB/SET) Revenue(10K RMB) Profit Margin List 37
Table 2009-2016 Sungrow Full-power converters Sales(set) Price(10KRMB/SET) Cost(10KRMB/SET) Revenue(10K RMB) Profit Margin List 37
Table 2009-2016 Sungrow Double-fed wind power converter Sales(set) Price(10KRMB/set) Cost(10KRMB/set) Revenue (10K RMB) Profit Margin List 38
Table 2009-2016 Emerson WinTrust 2.0MWWind Power Converter Sales(set) Price(10KRMB/SET) Cost(10KRMB/SET) Revenue(10K RMB) Profit Margin List 38
Table 2009-2016 AMSC WindtecChina PM3000WWind Power Converter Sales(set) Price(10KRMB/SET) Cost(10KRMB/SET) Revenue(10K RMB) Profit Margin List 38
Table Wind power industry chain Cost and price Investment opportunities Profitability analysis 39
Table 2011 China Wind Turbine Blade Opportunity and Risk List 40
Table Wind Turbine Blade (VARTM) Project Raw materials (glass fiber resin, etc.) consumption and cost (10K RMB) analysis 41
Table Wind Gear Box project Feasibility Analysis 43
Figure 800 sets/year 1.5MW Wind Gear Box project Production cost structure 45
Table 800 sets/year 1.5MW Wind Gear Box project Production Revenue Profit Payback period Analysis 45
Table Full-power Wind Power Converter Project Investment Feasibility Analysis 46
Table 400*2MW Full-power Wind Power Converter Project investment costs (10K RMB) List 46
Table 1500set/Year 1.5MW Double Fed Wind Driven Generator Project Investment Feasibility Analysis 50
Table 500 sets/year 1.5MW Wind turbine Pitch systems project Feasibility Analysis 51
Table 500 sets/year 1.5MW Wind Turbine Control System project Feasibility Analysis 52
Table I Wind Resource Area 49.5MW Wind farm gross generation (MWh) On-grid electricity (MWh) sales (Million RMB) carbon dioxide emission reductions (t) CDM revenues detailed calculations List 54
TableⅡWind Resource Area 49.5MW Wind farm gross generation (MWh) On-grid electricity (MWh) sales (Million RMB) carbon dioxide emission reductions (t) CDM revenues detailed calculations List 55
Table ⅢWind Resource Area 49.5MW Wind farm gross generation (MWh) On-grid electricity (MWh) sales (Million RMB) carbon dioxide emission reductions (t) CDM revenues detailed calculations List 56
Table ⅣWind Resource Area 49.5MW Wind farm gross generation (MWh) On-grid electricity (MWh) sales (Million RMB) carbon dioxide emission reductions (t) CDM revenues detailed calculations List 57
Table 49.5MW Wind Farm Project (1.5MW * 33 sets) Investment Cost(10K RMB/Set) List 57
Table I II III IV Wind Resource Area Wind Farm Project payback period profits List 58
