According to the Global Wind Energy Council's forecast, by 2023, China's share of the world's newly installed wind power capacity will exceed 30%, making it the world's largest wind power market. The current wind power industry has entered the era of grid parity and is in a critical period of optimization and upgrading. How to maintain stable growth, enhance development quality and competitiveness is a common challenge faced by all wind power professionals in the entire industrial chain.

The global trend towards larger wind turbines is becoming increasingly evident. Considering the characteristics of China's wind energy resources, larger and longer wind turbine blades in low-wind-speed wind farms can achieve more optimized power generation efficiency and help improve the return on investment. However, as the size of the wind turbines continues to increase, greater challenges have been posed to design, installation and cost control.

Swancor Advanced Materials (stock code: 688585) has over 20 years of experience in resin development and has been deeply engaged in the field of materials for wind turbine blades for many years. It adheres to technological innovation and, in response to the current development situation of the wind power market, has developed a new type of resin, SWANCOR HYVER (hereinafter referred to as "HYVER"), which has a significant cost advantage and takes into account performance. Help solve the cost problems faced by the development of the wind power industry.

In June this year, Swancor Advanced Materials, in collaboration with a well-known domestic blade company, successfully produced the first low-wind-speed blade using HYVER. This blade is over 80 meters in length and uses the newly developed HYVER injection by Swancor Advanced Materials. It is also a pioneering breakthrough in the successful trial production of large-leaf-shaped blades by Swancor Advanced Materials through HYVER injection.

Before the trial production, the technicians of Swancor Advanced Materials and the customer jointly developed and did a lot of technical reserve work, conducting comprehensive verification of material performance, structural design and key process points, laying a solid foundation for the smooth and successful production of the first blade.

This year, as the wind power industry enters the era of grid parity and is affected by the global pandemic and uncontrollable weather conditions, the prices of chemical raw materials have generally risen. As a major raw material for wind turbine blades, the price of wind power epoxy resin has also risen accordingly, while the price of wind turbines has been continuously falling in response to market competition. As a result, wind turbine and blade enterprises are facing unprecedented cost reduction pressure. The HYVER solution launched by Swancor Advanced Materials has the following competitive advantages:

The price advantage is obvious, with a reduction of up to 15%. In the era of wind power parity, it meets the demand for cost reduction and efficiency improvement.

2. It has a low viscosity and excellent wettability for fibers, which can shorten the leaf filling time and improve the leaf production efficiency.

3. The heat release temperature is low and the operation time is long, which is conducive to the injection of large blades.

4. The product strength is established quickly, which can reduce the time for blades to occupy the mold.

5. It has excellent mechanical properties and meets the design requirements of large blades.

The 14th Five-Year Plan period is a crucial stage for the wind power industry to move towards world leadership and market expansion. How to reduce costs and increase efficiency is the key to breakthrough. At present, the lower on-grid electricity price makes the cost reduction task even more arduous. HYVER of Swancor Advanced Materials has met the cost reduction demands of customers and effectively addressed the pain points of cost reduction and efficiency improvement for customers and even the entire wind power industry chain. In the future, Swancor Advanced Materials will continue to improve its own R&D and innovation system, and further deepen technical cooperation with downstream customers. It will focus on developing large-scale, efficient and green materials for wind turbine blades and other products, and constantly improve and innovate to achieve safer and more environmentally friendly production processes, manufacturing environments and product applications.