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business1d ago
China’s State Grid Plans 40% Surge in Investment Through 2030
- China State Grid unveils a plan to lift grid investment by about 40% through 2030 to bolster transmission and reliability.
- The initiative aims to integrate cleaner energy sources and meet growing electricity demand across the country.
- Officials seek faster project approvals and tech-enabled deployment to improve grid reliability.
- The plan includes coordinating with regional authorities to fund large transmission projects.
- The move aligns with China’s emphasis on energy security and decarbonization goals.
- The capital plan supports expanding transmission capacity to handle renewable energy input.
- State Grid project scope reflects a shift toward modernized and resilient infrastructure.
- The plan is set to influence regional energy development strategies across China.
- Analysts view the investment spike as a response to grid bottlenecks hindering renewables.
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