China Power Grid invests over 310 billion yuan in H1

The State Grid Corporation of China, the world's largest utility company, invested over 310 billion yuan (approximately $45.63 billion) in fixed assets during the first half of 2026, representing a 12.6% increase from the previous year. The investments focused on expanding power transmission networks, strengthening urban and rural electricity grids, and integrating renewable energy sources, with the commissioning of major projects based on high-voltage power transmission technology. The company continued to lead development in pumped-storage hydroelectric plants, reaching a total of 76 plants with a combined capacity exceeding 95 million kW. Additionally, wind and solar energy capacities grew to 1.55 billion kW. Electricity market transactions increased by 25.6%, totaling 3.48 trillion kWh in the first half of the year. These efforts reflect China's commitment to building the world's largest energy supply system, with electricity consumption reaching 10.37 trillion kWh in 2025, and nearly 800 million subscribers—the highest globally.

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