Sinovel

What Sinovel does

Sinovel (华锐风电科技集团股份有限公司) is a Chinese wind turbine original equipment manufacturer founded in 2006 and listed on the Shanghai Stock Exchange (601558.SH), majority-controlled by the state-owned Dalian Heavy Industries · Qiqiang Group since 2017 with a 2020 voting-rights entrustment to China-Russia Silk Road Investment. The company designs, manufactures, and sells wind turbine generators across the SL1500 (1.5MW), SL2500, SL3000 (3MW), SL5000 (5MW), SL6000 (6MW), SL10.X (8–11.5MW), and 12.X-242 (6.25–12.5MW) platforms for onshore, offshore, and intertidal environments, supported by the Internet+ Smart Wind Energy Cloud Platform for predictive maintenance and wind farm optimization.

Sinovel monetizes through five primary revenue streams: (1) turbine hardware sales negotiated via multi-year B2B contracts with state-owned utilities and wind farm developers, (2) self-developed wind farm power generation (e.g., BoDe YuLong, 80% owned), (3) post-warranty O&M and technical upgrades through subsidiary Ruiyuan Wind Energy, (4) performance-based repowering contracts via RuiDian Technology's SL1590Plus and contract energy management model, and (5) distributed photovoltaic project development through Ruiyu New Energy. Pricing for turbines is negotiated per project, service fees are annual or per-project, and repowering fees are tied to measured power generation improvements.

The company's customer base is concentrated among China's largest state-owned power groups — Huaneng, Huadian, Datang, Guohua, Longyuan, CNNP, and State Power Investment — for domestic onshore and offshore projects, supplemented by international engagements in Turkey, Greece, Brazil, South Africa, the US, Sweden, Spain, and Italy via subsidiaries and exclusive distribution agreements. Cumulative installed capacity reached 16,557MW across 10,000+ turbines, with the Donghai Bridge offshore project running 34×3MW units at 99%+ availability for 10+ consecutive years, demonstrating the installed base's quality and durability.

Name

Sinovel

Legal name

华锐风电科技（集团）股份有限公司

Website

https://sinovel.com

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Sinovel (华锐风电) is a Chinese wind turbine OEM founded in 2006 and listed on Shanghai Stock Exchange (601558.SH), designing and manufacturing 1.5MW–12.5MW turbines for onshore, offshore, and intertidal applications, selling primarily to state-owned power utilities and wind farm developers while operating its own wind farms and O&M subsidiaries.

Ownership category

akta.pro rank

Product category

Wind Turbine Manufacturing

NAICS

Turbine and Turbine Generator Set Units Manufacturing (333611), Wind Electric Power Generation (221115)

SIC

Engines & Turbines (3510), Cogeneration Services & Small Power Producers (4991)

akta.pro industry

PRIMARYEUAMACAC

Wind Turbine OEMs & System Integration (Nacelle/Generator/Controls)

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Wind Energy (Onshore & Offshore)

SECONDARYEUACAFAB

Offshore Wind Power Generation (Fixed-Bottom)

Energy, Utilities & Environment/Electric Power Generation/Wind Power Generation (Onshore & Offshore)

SECONDARYEUACAFAA

Onshore Wind Power Generation (Utility-Scale)

Energy, Utilities & Environment/Electric Power Generation/Wind Power Generation (Onshore & Offshore)

SECONDARYEUAMACAH

Wind Operations, Maintenance & Asset Management (Scheduled/Unscheduled)

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Wind Energy (Onshore & Offshore)

SECONDARYEUAMACAK

Wind Grid Interconnection & Power Systems (Transformers, Reactive Power, SCADA)

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Wind Energy (Onshore & Offshore)

Keywords

• Wind turbine manufacturing
• Offshore wind energy
• Wind farm operations maintenance
• Wind turbine generator systems
• Smart wind energy platform

Headquarters

HQ city

Beijing

HQ country

China

HQ region

Asia

Offices13 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations

Revenue model

1. Wind Turbine Manufacturing and Sales: Design, manufacture, and sale of wind turbine generators (1.5MW through 10MW+ platforms) to domestic and international wind farm developers. Core business segment generating primary revenue through direct sales contracts and project supply agreements.
2. Wind Farm Development and Power Generation: Self-development and ownership of wind farms (e.g., BoDe YuLong acquisition, Hainan, Daqing subsidiaries) generating electricity sales revenue through feed-in tariffs. Acquisition of BoDe YuLong (80% stake) brought 17.55万千瓦 wind farm assets generating over 100 million kWh quarterly.
3. Wind Farm Operations and Maintenance Services: Post-warranty O&M services, technical upgrades, high-voltage ride-through modifications, performance enhancements, spare parts supply, and customized services through subsidiary Ruiyuan Wind Energy. Charges service fees per project or annual contracts.
4. Distributed Photovoltaic: Distributed solar PV project investment and development through subsidiary Ruiyu New Energy (Dalian), with 3.5MW built in Dalian area and 1MW EPC project completed. Revenue from electricity sales and project services.
5. Wind Turbine Second-Generation Development: SL1590Plus and other turbine upgrade solutions through RuiDian Technology, using contract energy management model (合同能源管理) where fees are tied to measured power generation improvements achieved for customers.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Sinovel designs, manufactures, and sells large-scale wind turbine generator systems (1.5MW to 12MW+) for onshore, offshore, and intertidal applications, including the SL1500, SL2500, SL3000, SL5000, SL6000, SL10.X, and 12.X-242 platforms. The company also develops and operates wind farms through wholly-owned subsidiaries, delivers post-warranty operations and maintenance (O&M) services via subsidiary Ruiyuan Wind Energy, and provides turbine second-generation development upgrades (SL1590Plus) through RuiDian Technology under contract energy management arrangements. The Internet+ Smart Wind Energy Cloud Platform supports intelligent wind farm and turbine management across the installed base.

Product overview

Sinovel is a comprehensive new energy solutions provider specializing in wind turbine R&D, manufacturing, sales, and full lifecycle services. The product portfolio centers on the SL series wind turbine platforms: SL1500 (1.5MW), SL3000 (3MW), SL5000 (5MW), SL6000 (6MW), SL2500 (2.5MW), SL10.X (10MW+), and the 12.X-242 platform for desert/Gobi applications. These are complemented by the Internet+ Smart Wind Energy Cloud Platform for intelligent wind farm management. The ecosystem includes subsidiaries 锐源风能 (operations and maintenance services) and 锐电科技 (secondary development and technical services), providing complete wind power solutions from turbine supply to energy management services.

Differentiator

Problem solved

Functional benefit

Brands

• 锐源风能技术有限公司: 全资子公司，专注于风电运维服务、技术改造、备品备件和定制化服务
• 锐电科技有限公司
• 锐昱新能源

Products and services

• SL1500 Series (1.5MW Wind Turbine)

Quantifiable outcome

• Donghai Bridge offshore wind farm achieved 99%+ annual average availability rate over 10 consecutive years with 34×3MW turbines
• +5 more outcomes

Named customers16 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature8 records

Partnerships

Eleven partnerships are on record, tiered strategic and core.

• Xi'an Herong New Energy Technology Co., Ltd. (西安合容新能源科技有限公司)strategicStrategic or Co-development Partner · 4 March 2025Joint partnership with Tongyu County government for 500MW wind power project and new energy storage and supercapacitor industrial project. Combined expertise for integrated new energy solution delivery.
• SPIC Guizhou Jinyuan Co., Ltd. (国家电投集团贵州金元股份有限公司)strategicStrategic or Co-development Partner · 18 December 20195-year strategic cooperation to develop over 3GW of wind, solar, and other new energy projects. HuaRui to provide comprehensive new energy solutions supporting eastern China renewable energy development.
• South Africa PHAKWE GROUPstrategicStrategic or Co-development Partner · 1 April 2019Strategic cooperation framework agreement to jointly develop wind and wind-solar complementary projects in South Africa and broader African new energy markets.
• Zhangjiakou BoDe YuLong Electric Power Development Co., Ltd.strategicStrategic or Co-development Partner · 1 January 2019Acquisition of 80% stake in BoDe YuLong, bringing 175,500kW wind farm assets into Sinovel's portfolio. Creates vertical integration from turbine manufacturing to power generation operations.
• Nanjing Gaogear Transmission Equipment Group (南京高精传动设备制造集团)coreTechnology or Integration · 1 January 2019Long-standing supply partnership for wind turbine gearboxes. Both companies share strategic alignment on overseas expansion and offshore wind (两海战略). South Africa GreenExtreme project supply of 10×3MW turbines with O&M services.
• Vergnet Group (法国)strategicChannel Partner/ Reseller/ Distributor · 22 July 2015Exclusive distribution agreement for France, Caribbean, Pacific, and Indian Ocean regions. Vergnet to sell Sinovel 1.5MW and 3MW turbines, particularly promoting typhoon-resistant models for hurricane-prone regions.
• Mita (丹麦米塔公司)strategicTechnology or Integration · 16 April 2012Joint development of next-generation wind turbine control systems. Mita provides PLC hardware and source code software for wind turbine control systems. Sinovel has rights to use, copy, modify, and upgrade the software, with full IP rights for modified versions.
• Brazil DesenvixstrategicChannel Partner/ Reseller/ Distributor · 1 September 2011Supply contract for 23×SL1500/82 turbines (34.5MW) at Barra dos Coqueiros wind farm. Sinovel's first major South American project. Desenvix is the local developer and operator. Sinovel also decided to establish a local manufacturing base in Brazil.
• Mainstream Renewable Power (Ireland)strategicStrategic or Co-development Partner · 1 July 20115-year agreement to jointly develop, construct, and operate 1,000MW wind projects in Ireland using Sinovel turbines. Sinovel supplies turbines as the core component of the partnership.
• Turkey Agaoglu GroupstrategicChannel Partner/ Reseller/ Distributor · 1 May 2011Framework strategic agreement for 600MW wind turbine supply (mix of 1.5MW, 3MW, 3.6MW models) for Turkey projects. Agaoglu aims to introduce Sinovel's advanced wind turbine technology into Turkey and hopes Sinovel will invest in local manufacturing.
• Greece PPC (Public Power Corporation)strategicStrategic or Co-development Partner · 12 April 2011Strategic cooperation to jointly develop 200-300MW onshore and one offshore wind farm in Greece, with total cooperation value up to EUR 450 million. Sinovel to supply turbines and potentially establish local manufacturing.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Vestas: Global #1 wind turbine OEM with extensive offshore presence. Serves as a benchmark for Sinovel's international ambitions and competes in markets where Sinovel is attempting to expand (Europe, US, Latin America) via direct sales or with local partners.
• Siemens Gamesa: Global offshore wind leader and broader wind OEM. Comparable to Sinovel on offshore technology positioning (multi-MW platforms, grid integration) but with substantially larger global installed base and stronger European utility relationships.
• Dongfang Electric: Large Chinese power equipment conglomerate offering wind turbines alongside thermal, hydro, and nuclear power generation equipment. Competes with Sinovel in Chinese wind tenders as part of a broader power-generation portfolio rather than a pure-play wind focus.
• GE Renewable Energy: Major global wind OEM with onshore (Sierra) and offshore (Haliade-X) platforms, plus broader renewable energy services. Overlaps with Sinovel in international markets where Sinovel has deployed turbines (US, Brazil, Turkey) and competes on multi-MW platforms.

Direct peers

• CSIC Haizhuang Wind Power: Chinese wind turbine OEM (formerly part of the shipbuilding SOE group) competing with Sinovel primarily in onshore and intertidal segments. Similar revenue scale and SOE-backed structure, targeting overlapping utility customers in northern and coastal Chinese markets.
• Shanghai Electric Wind Power: Wind turbine subsidiary of Shanghai Electric group, offering onshore and offshore platforms that compete head-to-head with Sinovel's SL series in Chinese utility tenders. Backed by a major industrial group similar to Sinovel's Dalian Heavy Industry parent relationship.
• Nordex: European-headquartered wind turbine OEM (Delta series) targeting similar onshore and emerging offshore segments with comparable MW capacity ranges. Comparable to Sinovel on product platform structure and the OEM business model focus.
• Goldwind: China's largest wind turbine manufacturer and direct competitor across onshore and offshore platforms (GW series 1.5MW-16MW). Compares to Sinovel on product platforms, target customers (Chinese SOEs, utilities), and full-industry-chain vertical integration including wind farm development and O&M.
• Envision Energy: Direct Chinese wind turbine OEM (1.5MW-8MW+) competing for the same state-owned utility and IPP customers as Sinovel, with comparable smart wind farm / IoT platform capabilities (EnOS) and international expansion focus. Overlapping customer base and product positioning makes it a primary peer.
• Mingyang Smart Energy: Leading Chinese wind turbine OEM with strong offshore focus (MySE series), directly competing with Sinovel on offshore platforms and major utility tenders. Listed company with comparable domestic SOE customer roster and similar revenue scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/sinovel-wind-group-co.-ltd

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sinovel