After launching the biggest boom in renewable power in history, China is now paying-up to make sure all that clean energy can get to homes and businesses.
Spending on power transmission surged 19% to 529 billion yuan ($72 billion) in the first 11 months of last year, according to the National Energy Administration. Funding for new power capacity was larger at 866.5 billion yuan, but at just 12% growth it’s looking likely that annual grid investments expanded faster than generation projects for the first time since 2018.
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