In the first half of 2025, the investment momentum for key projects in the national energy sector was robust. The completed investment amount for projects under construction and those planned to commence within the year has exceeded RMB 1.5 trillion, marking a year-on-year increase of 21.6%. The investment growth rates in the eastern, central, and western regions have all surpassed 20%. New energy investments are continuously converging towards green and innovative sectors.

The investment growth rate in the new energy power generation sector is impressive. In the first half of the year, the investment in onshore wind power in Guangxi and Xinjiang doubled compared to the same period last year; centralized photovoltaic (PV) investment increased by 24.5% year-on-year, and distributed PV investment increased by over 70%; the investment in solar thermal power generation also nearly doubled.

Investments related to power supply guarantee continue to increase. In the first half of the year, investments in coal-fired power, nuclear power, and other fields maintained rapid growth. A number of key support projects for coal-fired power supply guarantee in East China, Central China, and western Inner Mongolia have been completed and put into operation. Investments in power grids, pumped storage, and other fields have also been steadily promoted.

The investment vitality of new energy business forms is accelerating. In the first half of the year, the investment in key hydrogen energy projects doubled, and multiple green hydrogen projects under construction in Jilin made rapid progress; investment in charging and swapping infrastructure increased by nearly 70% year-on-year; investment in new energy storage and integrated source-grid-load-storage projects both increased by over 30%.

Private enterprises in the energy sector have demonstrated outstanding investment performance, with investment completed in the first half of the year increasing by 27.8% year-on-year. Notably, private enterprises have seen significant growth in investment in the fields of distributed photovoltaics and onshore wind power, with year-on-year growth rates exceeding 40% in both areas. In the fields of charging and swapping infrastructure, as well as centralized photovoltaics, investment has increased by approximately 15% year-on-year. Edited by Wang Xia