Overview
- The company will invest about 4 trillion yuan (US$574 billion) in fixed assets from 2026 to 2030, about 40% more than the previous five-year plan.
- Targets include adding roughly 200 gigawatts of wind and solar each year and lifting non-fossil energy’s share of consumption to 25% by 2030.
- Brokerage guidance points to priority spending in western regions where generation outpaces transmission, with faster build-out of non‑UHV grids.
- Shares of grid and power‑equipment makers rose after the announcement, with Baobian Electric, Pinggao Electric, Suzhou Electrical Apparatus Science Academy, and Power Construction Corp posting strong gains.
- A separate national effort seeks to more than double battery storage to 180 GW by 2027, aiming to attract about 250 billion yuan in investment.