4万亿投向新电网：国家电网“十五五”固定资产投资增四成

Core Viewpoint - The State Grid announced a planned investment of 4 trillion yuan during the "14th Five-Year Plan" period, marking a 40% increase compared to the previous period, aimed at building a new power system and upgrading related industrial chains [1][2] Investment Scale and Focus - The investment will primarily focus on the construction of a collaborative new power grid platform, including "main grid - distribution network - microgrid" [1] - The company aims to increase the installed capacity of wind and solar energy by an average of 200 million kilowatts annually during this period [1] Renewable Energy Goals - The target is to raise the proportion of non-fossil energy consumption to 25% and increase the share of electricity in final energy consumption to 35% [1] - The investment will support the delivery of clean energy from western regions, including wind and solar bases, and large hydropower projects [1] Infrastructure Development - The company plans to accelerate the construction of distribution networks in urban, rural, and remote areas, and explore microgrid solutions for distributed energy projects [1] - Approximately 35 million charging facilities will be accommodated to support electrification in transportation [1] Industry Impact - The investment is expected to drive high-quality development in the new power system's industrial and supply chains, impacting various sectors from transmission and transformation equipment to energy storage and digitalization [2] - The focus on technological investment includes enhancing digital infrastructure and integrating AI to improve grid flexibility and adaptability to high proportions of renewable energy [2] Market Attention - The industry is closely monitoring how the 4 trillion yuan investment will be implemented in specific projects, bidding schedules, and regional layouts [2] - Key variables to track include the timeline and roadmap for new high-voltage channels, pumped storage, new energy storage projects, and the next round of distribution network upgrades [2]