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China Accelerates Grid Spending to Absorb Deluge of Solar Power
China has boosted spending on its power networks to allow them to absorb more electricity from its world-leading buildout of solar plants.
Grid investment jumped by about 33% in the first two months of this year, more than double the average increase in 2024, according to data from the National Energy Administration. Total outlays were 43.6 billion yuan ($6 billion) over the period, still below the pace needed for the two state-owned utility giants to meet a target for 820 billion yuan spending for this year.