China-Deutschland Southern Power Grid Energiespeicherzuschuss
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How much will China Southern power grid invest?
[Photo/Xinhua] China Southern Power Grid, one of the country's two major power grids, vowed to invest 670 billion yuan ($105 billion) recently in grid network construction during the 14th Five-Year Plan period (2021-25) to ensure power supply stability and boost green power consumption.
How many kilowatt-hours does China Southern power grid use?
China Southern Power Grid said the five regions that it covers have consumed 540 billion kilowatt-hours of clean energy during the first nine months, with the renewable energy generation efficiency reaching 99.81 percent, up 0.22 percent year-on-year. Newly added installation of new energy reached 3.31 million kWs.
Where is China Southern power grid?
A China Southern Power Grid worker inspects power transmission lines in Yubeng Village of Deqen County, Yunnan Province, southwest China, on January 9, 2023. Photo: EPA-EFE
How much will China's power grid invest in 2021-25?
State Grid Corp of China, the largest power provider in the country, also pledged to invest 2.23 trillion yuan in the power grid, which means the country's total grid network investment will soar to 3 trillion yuan during the 2021-25 period. Both companies vowed to increase power supplies while implementing power price reforms.
How much money did China invest in power grid projects?
During the first four months of this year alone, China invested Rmb122.9bn ($17bn) in its power grid projects, a 24.9 per cent year-on-year increase. That compares with the $3.5bn announced last October by US President Joe Biden’s administration, which covers 58 projects across 44 states.
How much will China spend on the grid in 2024?
China’s capital expenditure on the grid will rise at least 7 per cent year on year in 2024 to 565 billion yuan, including 230 billion yuan for ultra-high-voltage projects, Citi said. However, the sector has less competition and therefore a lower risk of the overcapacity seen in China’s solar panel and wind turbine sectors, according to Daiwa’s Ip.