As global efforts toward carbon neutrality accelerate, trade in new energy equipment has become both a new driver of international trade growth and a key arena of strategic competition among the major powers. This study examines the structural power and security risks of countries within the global new energy equipment trade network. Using complex network analysis and structural power theory, we assess the distribution of national power, construct a trade security index to evaluate import and export vulnerabilities, and apply a cascading failure model to simulate the dynamics of risk transmission. The results show that: ① Structural power in global new energy trade is multidimensional and unevenly distributed. Germany, the United States, China, and France exhibit strong direct, leverage, and prestige power, while the United Kingdom, the United States, the Netherlands, and South Africa possess significant channel power, indicating partial misalignment between power dimensions; ② Structural power shows incomplete consistency with import/export security: Import security is more closely linked to structural power than export security, suggesting that greater power does not necessarily ensure stronger export resilience; ③ The global trade network remains robust under random shocks but is highly sensitive to disruptions in key countries such as China, the United States, and Germany, where cascading failures display a "high-concentration, long-tail" pattern; and ④ Risk propagation differs across leading economies. U.S.-induced shocks show a "deep-layer amplification" pattern, whereas those originating from China exhibit "broad-coverage, rapid-propagation" pattern. The trade networks for photovoltaic and wind power exhibit extensive reach and multi-level structures, while nuclear power equipment networks demonstrate limited dissemination. Significant heterogeneity exists across industries. This study aims to provide theoretical support and policy reference for global energy governance and trade security.