New Energy New Deal Brings Unlimited Business Opportunities to Construction Machinery

After the 9.0-magnitude earthquake in Sendai, Japan, the State Council convened an executive meeting and listened to reports on the situation concerning nuclear leakage from the Fukushima nuclear power plant. After the report, it pointed out that the new nuclear power projects should be strictly approved and the approval of nuclear power projects should be suspended. The speed of sustained and rapid development of nuclear power has been slowed down. However, the recently-noted new energy plan will eventually be named as "The Emerging Energy Industry Development Plan" and will be issued, providing guidance for the future construction of new energy industries and bringing a new round of energy construction climax. With nuclear power limited, the construction of clean energy such as wind power, hydropower and solar energy will be accelerated. According to reports, after the introduction of the new energy development plan, China's new energy investment will reach 5 trillion yuan in the next 10 years.

Industry insiders believe that in the construction of new energy, nuclear power construction will be trapped, and the proportion of wind power, hydropower, and smart grid construction will increase. Up to 5 trillion yuan of energy will be injected into the construction machinery industry to inject new stimulants, especially for lifting. Mechanical, earth-moving machinery, piling machinery, and construction machinery markets are playing a significant role. For large-scale wind power hoisting projects, the technology of domestically-made cranes is quite mature, and large international companies have also begun to get involved in the field of wind power and seize market share. In the face of large-scale investment in new energy construction, the development trends of cranes, excavators, and other varieties are all promising, and competition in the crane market will become even fiercer. At the same time, there is also a huge boost to the growing weight and innovation of core technologies.

In fact, the Chinese Academy of Engineering proposed in the "China's Renewable Energy Development Strategy Study" major consulting project that by 2020, China's wind power installed capacity is expected to reach 150 to 200 million kilowatts. During the “Twelfth Five-Year Plan” period, the wind power industry in China will maintain a rapid and steady development momentum, with the installed capacity growing at an annual rate of 15 million kilowatts. According to a source from the Energy Research Institute of the National Development and Reform Commission, “The development of the new energy industry requires an important back office to develop a smart grid.” The huge market potential will bring unlimited opportunities for construction machinery.