China: huge spending to modernize network to cope with green energy surge
China plans to invest over $800 billion in its electricity grid over the next six years to support its green energy transition. The distribution grid is currently a significant bottleneck, with rapid renewable energy growth putting strain on the system. This year, China invested 122.9 billion RMB ($17 billion) in grid projects, a 24.9% increase from last year. Despite heavy investments, more than 100 regions have halted new small-scale solar […]