The New Energy ETF (588830) has seen a decline of 1.6%, marking its fifth consecutive drop. According to reports, the sectors of onshore and offshore wind power have recently experienced significant fluctuations.
On May 8, 2025, at 10:35 AM, it was reported that the New Energy ETF (588830) dropped 1.66%. Concurrently, stocks such as High-tech New Energy (688556) surged by 20.02%, Ocean Energy (688680) climbed 10.52%, and Marine Star (688559) increased by 5.19%. Other notable companies included Linglong New Energy (688717) and Trustworthy (688573), among others.
On the release front, on April 29, the National Energy Administration announced plans for the first quarter of 2025 regarding the construction of renewable energy facilities. Data indicates that the total installed capacity for solar and wind energy is projected to reach 59.71 GW in the first quarter of 2025. This includes 23.41 GW for centralized systems (representing 39.2%) and 36.31 GW for distributed systems (accounting for 60.8%).
Additionally, recently, the Yangtze River Delta released its 2025 Energy Development Plan, which outlines 23 major energy projects. Among these projects, four offshore wind projects have been included, with turbine capacities ranging from 16.7 to 18 MW, totaling 2101.5 MW.
Experts believe that the offshore wind energy projects in 2025 will continue to be a strong focus. The wind energy market is experiencing significant growth, and there is an expectation for robust development of wind energy projects.
The New Energy ETF is closely tracking the performance of renewable energy indices, specifically focusing on companies that have been selected based on their market capitalization. These include sectors such as wind power and new energy vehicles. As of April 30, 2025, the index shows that the leading companies in the New Energy ETF include Linglong Energy (688223), Skyline Technology (688116), Sky Alliance Energy (688599), Artis (688472), and Great Power (688303), among others.
The New Energy ETF (588830) also has connections through A, C, and I series of funds, with respective identifiers 023075, 023076, and 024157.
For further insights and detailed analysis, the New Energy Financial App offers extensive resources and updates on this industry’s performance.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/new-energy-source-etf-surges-1-6-amid-high-wind-power-prospects/
