State Grid Corporation of China (State Grid) plans to invest up to 4 trillion yuan ($574.43 billion) in fixed assets during the 15th Five-Year Plan period (2026–30), a 40 percent increase from the previous five-year plan. The expansion of effective investment is expected to facilitate the high-quality development of the new-type power system’s industrial and supply chains.
During the 15th Five-Year Plan period, the State Grid aims to install about 200 million kilowatts of solar and photovoltaic energy annually in a push to increase the share of non-fossil energy to 25 percent and raise the proportion of electricity in final energy consumption to 35 percent. These key steps will help towards establishing a new energy system and meeting the national carbon peaking goals.
State Grid also plans to improve coordination across the national grid, to enhance the electricity transmission from west to east and from north to south.
The power giant also plans to facilitate the construction of ultra-high voltage direct current transmission channels, aiming at increasing electricity transmission capacity by 30 percent compared to the end of the 14th Five-Year Plan (2021-25). The grid also plans more expansion into urban, rural and border regions with innovative methods, including the stable end-of-grid supply and the micro-grids that operate independently from the main grid. Digital and artificial intelligence (AI) infrastructure will be developed to initiate more advanced “AI+” initiatives and drive the State Grid’s digital growth.
(Executive editor: Yuan Ting)
