能源转型加速 电网投资脉络细化

Core Viewpoint - The China Electricity Council predicts that by 2026, the total electricity consumption in China will grow by 5% to 6%, with solar power generation capacity expected to surpass coal for the first time [1][2]. Group 1: Electricity Consumption and Generation Forecast - By 2026, the total electricity consumption in China is projected to reach between 10.9 trillion kWh and 11 trillion kWh, with a year-on-year growth of 5% to 6% [2]. - The peak electricity load for the year is expected to be between 1.57 billion kW and 1.63 billion kW [2]. - New power generation capacity is anticipated to exceed 400 million kW, with over 300 million kW coming from renewable sources [2]. Group 2: Energy Structure Transformation - By the end of 2026, the total installed power generation capacity is expected to reach around 4.3 billion kW, with non-fossil energy sources accounting for approximately 2.7 billion kW, or 63% of the total [2]. - The share of coal power generation capacity is projected to decrease to about 31% [2]. - The energy structure transformation in China is expected to accelerate, with a focus on clean energy sources like wind and solar [2]. Group 3: Investment in Power Grid - The State Grid Corporation plans to invest approximately 4 trillion yuan in fixed assets during the 14th Five-Year Plan, representing a 40% increase compared to the previous plan [4]. - The Southern Power Grid Company has announced a fixed asset investment of 180 billion yuan for 2026, marking a record high for five consecutive years with an average annual growth rate of 9.5% [4]. - The investment in the power grid is being further detailed and implemented, with significant projects underway, including the Inner Mongolia to Shanghai ultra-high voltage direct current transmission project [4][5]. Group 4: Specific Projects and Collaborations - The "Six AC and Six DC" ultra-high voltage transmission projects in Inner Mongolia are set to commence, with significant investments planned [5]. - The construction of the Mengxi to Beijing-Tianjin-Hebei ultra-high voltage direct current transmission line has already begun, with a completion target of December 2027 [5]. - The collaboration between the State Grid Corporation and China Electric Equipment Group focuses on high-quality energy development and the construction of a new power system [6].