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China Boosts Grid Spending to Support Renewable Energy Expansion


China is significantly increasing its grid investment to support the surge in renewable energy, ensuring that clean power reaches homes and businesses efficiently.

According to the country’s National Energy Administration, power transmission spending rose 19% to 529bn yuan ($72bn) in the first 11 months of 2023, highlighting a shift in focus towards grid infrastructure, as reported by Bloomberg.

Funding for new power capacity was larger at 866.5bn yuan, showing 12% growth. This is the first time since 2018 that annual grid investments have outpaced generation projects.

State Grid Corp of China, the country’s largest operator, plans to increase spending to more than 650bn yuan in 2025, up from 600bn yuan in 2024.

The China Southern Power Grid aims to boost capital spending for network upgrades by more than 50% by 2027.

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