But wind power generators industry astonishing "China Speed" behind the excess capacity

Investment in the Group statistics, China's wind power industry in 2010 disclosed a total of 4 from the investment case, disclose the investment amount of $ 280 million, accounting for nearly five years, private financing of wind power industry, the total size of 47.46%, reaching the highest level. 2011 So far, China's wind power industry since the disclosure of the 3 cases of PE investment, disclose the investment amount of 0.6234 million.
Capital market, since 2007, a total of eight family traditions of China power industry enterprises in the global capital market IPO, total financing amounting to $ 4,972,000,000.
2010 was the peak of China's wind power business listing, there are six family traditions electric companies, respectively, the Shenzhen Stock Exchange, HKEx and the NYSE to achieve IPO, financing amounting to $ 2.511 billion, accounting for nearly five years, the total wind power industry, the size of IPO financing 50.5%. So far in 2011, China had Sinovel, Huaneng New Energy two wind power companies to visit the capital market, with a total financing of approximately $ 2.3 billion.
"During" the rapid development of China's wind power industry, wind power installed capacity for five years to double, by 2010 China's total wind turbines  installed capacity has reached 44,733 MW, jump on the United States as the world's largest wind power installed capacity countries. But wind power generators industry astonishing "China Speed" behind the excess capacity, vicious price competition, lack of R & D capabilities, equipment, and network quality is difficult to guarantee, and a series of questions focused on highlighting the poor adaptability.
This year, the domestic wind power equipment manufacturing weakness across the industry, a number of listed companies with significant decline in performance. The largest wind power equipment manufacturers Sinovel first three quarters of net profit of 901 million yuan, down 48.51%. Goldwind first three quarters of this year net profit of 615 million yuan, down 59.85%. Hunan Electric shares the first three quarters of this year net profit of 126 million yuan, down 18.32%.
Accompanying, the sharp drop in business valuation. January 13, 2011 Sinovel visit the Shanghai Stock Exchange, but withstand the "most expensive board A-share" listing halo Sinovel, opening the below 90 yuan / share issue price. As of November 24 closing, Sinovel shares closed at 20.68 yuan / share, compared with nearly 80% of the issue price discount.
Investment in the Group analyst Li Ling believes that China's wind power industry after nearly five years later began to return to the rapid development of rational, by the speed, scale-oriented development to the quality, efficiency-oriented development is the inevitable trend of the wind power industry.
Li Ling said, energy supply and demand in the domestic electricity demand small wind turbines and rising more and more serious case of wind power in reducing environmental pollution, adjusting the energy structure and to solve problems in remote areas and other aspects of residential electricity plays a prominent role, so in the long term wind power prospects for the industry is still worth the wait. From the chain perspective, wind power machine manufacturing, wind farm operators because of excess capacity, state-owned monopoly because the relative lack of investment in space, and high-tech parts, especially wind power converter there are certain investment opportunities.