China’s State Grid Corporation reported a record high in first-quarter fixed asset investment, exceeding 90 billion yuan (approximately $12.4 billion)—a nearly 30% year-on-year increase. The surge reflects the company’s accelerated rollout of major infrastructure projects.
Source: People’s Daily
China’s State Grid Corporation reported a record high in first-quarter fixed asset investment, exceeding 90 billion yuan (approximately $12.4 billion)—a nearly 30% year-on-year increase. The surge reflects the company’s accelerated rollout of major infrastructure projects.
In support of China’s unified national electricity market, State Grid advanced reforms to interprovincial trading mechanisms and continued to expand cross-regional transactions in green electricity. In Q1, interprovincial power trading reached 356.9 billion kilowatt-hours, up 6.3% from the same period last year. Within its operating regions, green power transactions totaled 145.5 billion kilowatt-hours, marking a 74% increase.
A new green power delivery model, launched by the Capital Electricity Trading Center, has begun supplying clean energy directly to Beijing. Agreements have been signed with regions including Tibet and Xinjiang, resulting in over 10 billion kilowatt-hours of green electricity traded in the first quarter alone. Meanwhile, renewable energy capacity continued to climb. The company added 53.8 gigawatts of newly installed and grid-connected wind and solar power, a 19.1% increase compared to the same period last year.
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