China: China plans over 5 trln yuan investment in new power grid during 2026-2030 period.
Oct 7, 2026
Shotlist FILE: Zhejiang Province, east China - Date Unknown 1. Aerial shots of landscape, transmission towers FILE: Xinjiang Uygur Autonomous Region, northwest China - Date Unknown 2. Aerial shots of transmission towers, mountains FILE: China - Exact Location and Date Unknown 3. Aerial shots of power plant 4. Various of power plant facilities FILE: Hami City, Xinjiang Uygur Autonomous Region, northwest China - 2024 5. Aerial shots of power plant FILE: China - Exact Location and Date Unknown 6. Various of production lines Ningbo City, Zhejiang Province, east China - Recent 7. Various of robotic arms in operation 8. Various of technicians working on transmission tower FILE: China - Exact Location and Date Unknown 9. Aerial shots of solar panels, transmission towers, wind turbines FILE: Shanghai, China - Date Unknown 10. Aerial shots of cityscape Storyline China plans to invest over five trillion yuan (about 746 billion U.S. dollars) in building a new type of power grid during the country's 15th Five-Year Plan period (2026-2030), launching a comprehensive upgrade of its power network to cope with surging electricity demand and energy transition challenges. With the rapid growth in total power consumption, China's electricity demand is expected to maintain an average annual growth rate of around five percent during the 15th Five-Year Plan period -- a key blueprint which maps out the country's socio-economic development priorities through to the end of the decade and beyond. Alongside the massive volume increase, the structure of power usage is also undergoing profound changes. As the installed capacity of new energy surges year by year, the grid must urgently enhance its ability to integrate, allocate and regulate green power to prevent resource waste. Furthermore, the booming high-tech industries, such as chip manufacturing and precision machining, demand significantly higher power supply quality under the new circumstances. To address these challenges, the core of building the new power grid lies in an across-the-board upgrade of its architecture, technology and services. Structurally, it will form a new layout based on the main and distribution grids, supplemented by smart microgrids. Technologically, the application of cutting-edge solutions like artificial intelligence, flexible grid-forming and long-duration energy storage will make the network more agile and intelligent. On the service side, the grid will fully adapt to emerging business models such as computing-power synergy and direct green power connections. [Restrictions: No access Chinese mainland]
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