On November 21, 2025, Daikin Heavy Industries announced that its wholly-owned subsidiary Penglai Daikin had signed an exclusive supply contract for offshore wind power transition sections with a leading energy company in Europe, with a contract amount of 1.339 billion yuan. At the same time, the company has made significant progress in the two onshore wind power projects in Caofeidian and Fengnan in Hebei Province, marking the company's dual wheel drive development in the fields of offshore wind power equipment manufacturing and onshore wind power project development.

Breakthrough in European market highlights international competitiveness

The amount of the European offshore wind power order signed this time accounts for 35.41% of Daikin Heavy Industries' audited operating revenue in 2024, and the contract delivery period will continue until 2027. According to the agreement, Penglai Daikin will undertake the full process services from construction, transportation to storage, and final assembly, fully reflecting the high recognition of the company's comprehensive strength by European customers.

This major order is an important achievement of Daikin Heavy Industries' overseas strategic layout. In the first half of 2025, the company's overseas revenue accounted for nearly 80%, becoming the core driving force for performance growth. It is worth noting that with its technological advantages in the field of large-scale offshore equipment, Daikin Heavy Industries has increased its market share in the European offshore wind power infrastructure market from 18.5% in 2024 to 29.1% in the first half of 2025, firmly ranking first in the industry. In the broad market prospect of Europe's 2030 offshore wind power installation target exceeding 20GW, this cooperation will further consolidate the company's competitive position in the international market.

Constructing a new development pattern for onshore wind power projects

While deeply cultivating overseas markets, Daikin Heavy Industries is also accelerating its layout in the domestic onshore wind power field. The company is synchronously promoting two onshore wind power projects, Caofeidian 700000 kW and Fengnan 250000 kW, in Hebei Province, with a total investment scale of 4.094 billion yuan.

The Caofeidian project consists of a 350000 kW guaranteed project and a 350000 kW market-oriented project, with a total investment not exceeding 2.92 billion yuan. The annual equivalent full load hours of the guarantee project reached 2765 hours, with a pre tax internal rate of return of 17.05%; The pre tax internal rate of return for market-oriented projects is 13.27%. The project adopts high-efficiency fans and intelligent power collection systems, and is equipped with a 220kV booster station. The construction period is 12 months and the operation period is 20 years.

As a technology demonstration project, the Fengnan project has a total investment of 1.174 billion yuan and is equipped with 34 mixed capacity wind turbines and a 220kV booster station. The project innovatively leases a 50MW/100MWh energy storage device and introduces grid type wind turbine technology to ensure stable grid connection. The total length of the project's power collection line is 298.34 kilometers, with a construction period of 18 months and a pre tax internal rate of return of 11.82%.

Coordinated Promotion of Financial Security and Strategic Transformation

The total investment scale of the above-mentioned offshore wind power orders and onshore wind power projects reached 4.38 billion yuan. In terms of funding structure, the company adopts a combination of 20% capital (876 million yuan) and 80% project loans, which not only guarantees the company's control over the project, but also effectively reduces financial pressure.

At present, all projects have been approved and approved. The Caofeidian project is expected to be completed in July 2026, and the Fengnan project is scheduled to be connected to the grid in June 2026. Daikin Heavy Industries stated that it will rely on mature project experience, strictly control project quality and progress through its holding subsidiaries, collaborate with all parties to ensure equipment and funding are in place, and ensure the project is put into operation on schedule. Keywords: wind power new energy, wind power new energy news

This series of important developments marks the transformation of Daikin Heavy Industries from a wind power equipment manufacturer to a "equipment+energy" dual wheel drive enterprise. The European orders will bring considerable revenue growth, while the Hebei project will provide stable cash flow, jointly optimizing the company's business and financial structure. Driven by the dual carbon goals, the company's strategic layout of combining land and sea has laid a solid foundation for sustainable development, demonstrating growth resilience that transcends industry cycles. Editor/Yang Beihua