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Wind power converter industry has a strong professional, industry to follow the order of production and business model. The wind turbine generator plant is usually selected as the supplier of the converter by tender, and the converter manufacturers participate in the bidding. Purchase agreement is generally an order form, the whole machine manufacturers will generally choose the 2-3 company's products, and will not easily change after the replacement of manufacturers.
In the specific implementation, converter manufacturers configuration design according to customer orders, production to meet customer demand for products, and special technical requirements of specific projects signed a technical agreement and contract, after the products need to install, commissioning and customer service service, product delivery or use by the user acceptance for sales. At the same time, the converter generally has a certain period of warranty, the entire industry sales cycle and receivables cycle is relatively long, the greater the demand for liquidity.
The development of wind power industry is mainly affected by many factors, such as national policy, wind energy resources, wind power cost and power grid construction, but it is less affected by economic cycle fluctuations. At the same time as a national strategic emerging industries, new energy industries and actively encouraged by extensive attention departments throughout, government regulation is conducive to long-term healthy and orderly development of industry, reduce overcapacity, disorderly competition and other unfavorable situation. Based on the huge demand for clean energy, the new energy power generation industry has broad prospects and will maintain a stable growth trend for a long time.
For a long time, wind power generation facilities have been concentrated in areas with abundant wind energy resources, such as the "Three North" region of china. China's demand for the use of wind power converters are also concentrated in the above areas. With the development of offshore wind power projects, the demand of the coastal wind resource rich areas will gradually increase.
Due to climate reasons of China's "Three North" area, bidding and construction of wind farms is seasonal, which also resulted in the construction of wind power converter production cycle and the delivery time and the wind farm has a higher consistency, therefore, converter delivery has strong seasonal, usually more than the second half of the first half of the delivery.