Carbon fiber material for wind turbine blades

Wind turbine
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Carbon fiber material for wind turbine blades
Carbon fiber material for wind turbine blades
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Renewable Resources and Alternative Energy
Alternative Energy
Business Model Description

The carbon-fiber blades of wind turbines have stronger wind-catching capability, ensuring structural strength while avoiding deformation or collision with the supporting structure due to wind load. Business model: purchase raw materials like acrylonitrile, produce carbon fiber through complex procedures, and sell the product to complete turbine manufacturers and blade manufacturers.

Expected Impact

Using carbon fiber materials in wind turbine blades develops wind resources, reduce power costs, improve efficiency, reduce GHG emissions, create jobs

How is this information gathered?
Updated: 4 Feb, 2023 Date of Production: 30 Sep, 2021
China
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
> 25% (in GPM)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
In 2020 wind turbine blades account for 40.9% of the downstream demands of carbon fiber. (10)
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
> USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Affordable and Clean Energy (SDG 7)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Climate Action (SDG 13)

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Sector Sources
  • (1) State Council, 2021, Action Plan for Carbon Dioxide Peaking Before 2030 (2) IRENA, 2019, Renewable energy: a gender perspective. https://www.irena.org/publications/2019/Jan/Renewable-Energy-A-Gender-Perspective (3) Forward Intelligence, Market Foresight and Investment Strategy Report of China's Wind Power Industry, https://bg.qianzhan.com/report/detail/f7fa9c50850a4f16.html?v=footer2" (4) Guiding Opinions of the State Council on Accelerating the Establishment of a Sound Economic System with Green, Low-carbon and Circular Development (No. 4 [2021] of the State Council), http://www.gov.cn/zhengce/content/2021-02/22/content_5588274.htm (5) XNY365, http://www.xny365.com/zhuanjia/article-53293.html (6) Zhu Linzhi, Chen Ning, Han Hualing. Keys Problems and Solutions of Wind Power Accommodation [J]. Automation of Electric Power Systems, 2011, 035(022):29-34.
IOA Sources
  • (7) National Energy Administration, http://www.nea.gov.cn/2017-05/12/c_136277303.htm (8) Research on Carbon Fiber for Civilian Use Industry: Re-discussing the Growth and Cyclicality, https://baijiahao.baidu.com/s?id=1735026738751455804&wfr=spider&for=pc (9) No large-scale recycling measures exist while a large number of wind turbine blades are on their way to be scrapped, https://view.inews.qq.com/a/20220628A058HR00?refer=wx_hot (10) Carbon fiber industry: Wind power drives the development, and the downstream application market is booming, http://www.ahcjxc.com/news/577248.htm (11) Zhongfu Shenying Carbon Fiber Co., Ltd.'s Prospectus, http://quotes.money.163.com/f10/ggmx_688295_7931189.html (12) Carbon fiber industry special report: long-term demand is promising and the domestic effective supply is stable, https://baijiahao.baidu.com/s?id=1728873696575284064&wfr=spider&for=pc (13) Wind power blade cost analysis, market analysis, and glass fiber/carbon fiber development trend analysis, https://baijiahao.baidu.com/s?id=1689296723816998165&wfr=spider&for=pc (14) General introduction to the wind power blade production capacity and competition pattern, https://xueqiu.com/2552037283/195847276 (15) BJX.com.cn,,https://news.bjx.com.cn/html/20170209/807354.shtml (16) in-en.com, https://wind.in-en.com/html/wind-2409633.shtml (17) Meitanshijie, https://view.inews.qq.com/a/20220105A0BZ4000 (18) BJX.com.cn,,https://news.bjx.com.cn/html/20171011/854532-1.shtml (19) Wind power installed in China in 2050 is estimated to reach up to 1 billion kWh, CQVIP, http://www.cqvip.com/QK/93961X/20132/45734422.htmlhttp://www.cqvip.com/QK/93961X/20132/45734422.html (20) Wind Power as an Important Engine for Achieving Global Economic Recovery, https://new.qq.com/rain/a/20200526A0PTQ800 (21) Xinhua News Agency, The Outline for the 14th Five-Year Plan for Economic and Social Development and Long-Range Objectives through the Year 2035,http://www.gov.cn/xinwen/2021-03/13/content_5592681.htm (22) Ministry of Science and Technology, 2021, Response to Proposal No. 2146 of the Fourth Session of the 13th National People's Congress, https://www.most.gov.cn/xxgk/xinxifenlei/fdzdgknr/jyta/202109/t20210924_176998.html (23) National Development and Reform Commission, 2020, Guiding Opinions on the Expansion of Strategic Emerging Industry Investment, Developing New Growth Points, https://www.ndrc.gov.cn/xxgk/zcfb/tz/202009/t20200925_1239582_ext.html (24) New Material Standard Pilot Action Plan (2018-2020), CNKI, https://www.cnki.com.cn/Article/CJFDTotal-QCGJ201804010.htm