Standing at the historical intersection of the end of the 14th Five Year Plan and the beginning of the 15th Five Year Plan, SPIC has officially released its development blueprint for the next five years. As the world's largest photovoltaic and new energy power generation enterprise, SPIC has not only achieved impressive results in total assets of 1.98 trillion yuan and doubled operating revenue in the past five years, but also demonstrated an absolute advantage among the five major power generation groups with a 74% share of clean energy installed capacity. Faced with the deep waters of energy transformation, this energy state-owned enterprise is embarking on a profound transformation from scale expansion to high-quality development through a balanced growth strategy.

The Responsibility of Global Installation Overlord

Data shows that by the end of 2025, SPIC's installed capacity of clean energy will exceed 230 million kilowatts, not only ranking first in the world, but also increasing by 18 percentage points compared to the early 14th Five Year Plan period. In comparison with domestic peers, its clean energy share is about 13 percentage points higher than that of Huadian, more than 20 percentage points higher than that of Huaneng and Datang, and even far exceeds CHN Energy's 42.2%.

Behind this achievement is the green practice of reducing carbon emissions by over 1.4 billion tons, as well as the strategic layout of one-third of the planned installation of offshore wind and nuclear power. Under the guidance of the dual carbon target, SPIC has become not only an energy supplier, but also a core driving force for optimizing China's energy structure. Its 76% share of clean energy from overseas also demonstrates the green background of its global layout.

Core technology and capital operation go hand in hand

Technological innovation is the core engine that keeps SPIC leading. After 18 years of hard work, Guohe's third-generation nuclear power technology with complete independent intellectual property rights has been put into commercial operation, and the 300 MW F-class heavy-duty gas turbine has reached the international mainstream level. These landmark breakthroughs have solved the industry's bottleneck problems.

At the level of capital operation, the group has built six major industrial platforms to drive the total market value of its listed companies to 360 billion yuan, an increase of about 120%, and has been upgraded to A1 by international rating agencies. This positive interaction between industrial operation and capital operation provides solid financial support for the continuous investment of major projects in the future, forming a closed loop of technological breakthroughs and value growth.

Balanced growth reshapes the logic of development

During the 15th Five Year Plan period, State Grid Corporation of China abandoned the previous extensive model of simply pursuing speed and instead established the goal of building a world-class clean energy enterprise by 2030, and proposed a balanced growth methodology.

In 2026, as the starting year, the group plans to complete an investment of 200 billion yuan, a year-on-year increase of 17%, with a 35% increase in investment in the first quarter, highlighting its determination to maintain stable growth. Keywords: power development, energy construction

The new strategy emphasizes the matching of scale and capacity, the balance between tradition and innovation, and the optimization of stock and increment, with a focus on new energy storage, grid building technologies, large-scale construction of Guohe No.1, and the integration of the aluminum industry chain. By actively undertaking 109 major national projects, State Power Investment Corporation is supporting the construction of a new energy system with practical actions, laying a solid foundation for the basic construction of an energy powerhouse by 2035.Editor/Cheng Liting