State Grid's fixed-asset investment cross $43b in H1

State Grid Corporation of China's fixed-asset investment exceeded 310 billion yuan ($43 billion) in the first half of 2026, jumping 12.6 percent year-on-year, as the company ramps up grid infrastructure to ensure energy security and support the country's high-quality economic development, the company said on Friday.

By leveraging the foundational support and investment-driving role of the power grid, the State-owned utility has effectively stimulated the coordinated development of upstream and downstream industries, providing robust and reliable power support for the nation, it said.

During the January-June period, major ultra-high voltage transmission projects achieved significant milestones. Notably, the Shaanbei-Anhui ±800-kilovolt UHV direct current transmission project has further expanded the critical corridor that delivers clean energy from resource-rich Northwest China directly to the load centers in East China.

To enhance the flexibility of the grid, State Grid has maintained its global lead in pumped-storage hydroelectricity. The company is rapidly advancing 37 pumped-storage power stations, including those recently approved.

In total, State Grid now operates, is constructing, or has gained approval for 76 pumped-storage stations. Together, they represent a managed installed capacity crossing 95 million kilowatts, providing the critical regulation capabilities necessary for building a modern electric power system tailored to handle fluctuating renewable energy.

The grid operator is also making massive strides in integrating green generation. By the end of June 2026, the installed capacity of grid-connected wind and solar power within the company's operating areas reached a staggering 1.55 billion kilowatts.

Furthermore, the dividends of China's electricity market-oriented reforms continue to be unleashed. In the first half of the year, the market-based electricity trading volume in State Grid's operating zones totaled 3.48 trillion kilowatt-hours, representing a robust 25.6 percent year-on-year growth.

Within this total, inter-provincial green electricity trading reached 64.1 billion kWh, up 23 percent year-on-year. In addition, the transaction volume of green power certificates hit 74.11 million, rising 15 percent, demonstrating how market-based mechanisms are actively accelerating broader society's green and low-carbon transition, the company said.