On June 26, 2026, the State Council Information Office officially unveiled the plan for the construction of a new energy system during the 15th Five Year Plan period, with a total investment of over 20 trillion yuan over five years and an average annual investment of 5 trillion yuan, all of which will be directed towards key projects and new business models. By 2030, China will have initially established a clean, low-carbon, safe, and efficient new energy system, with a comprehensive energy production capacity of 5.8 billion tons of standard coal and a wind, solar, and photovoltaic installed capacity accounting for over 50%, officially becoming the main body of power installation.

This 20 trillion yuan has not been sprinkled with pepper, and is all concentrated in the three major projects designated by the National Energy Administration, each corresponding to a clear industrial increment, without any ambiguous areas.

Energy supply guarantee stocks steadily increase by 10%

The first category is invested in the field of energy security, with a total investment increase of more than 10% over the 14th Five Year Plan period, covering oil and gas exploration and development, coal production capacity upgrading, supporting power sources, and coal to oil and gas projects. This part of the investment does not pursue short-term explosive growth. Its core role is to stabilize the basic supply of domestic energy and avoid supply gaps in the process of large-scale substitution of new energy. Major projects such as Yaxia Hydropower are steadily advancing, while the Shage Wilderness Base, Integrated Water, Wind, and Solar Base, and Coastal Nuclear Power Project are synchronously landing, essentially promoting transformation within a safety framework.

Power grid investment surges by 30%

The second type of investment is towards green and low-carbon transformation, with the investment in the power grid in the 15th Five Year Plan increasing by more than 30% compared to the 14th Five Year Plan. The proportion of new energy investment on the power side is close to 60%, becoming the absolute mainstay, and supporting cross provincial transmission channels, inter provincial mutual aid projects, distribution networks, and smart microgrids are being synchronously launched. The old problem of being unable to deliver new energy installed in the past will be solved with real money this time, which will directly enhance the resilience and cross regional resource allocation capability of the power system. Keywords: energy investment, power system, new energy system

New track hits 2 trillion yuan

The third type of investment is in new quality productivity, with a total investment of over 2 trillion yuan in new formats such as green power direct connection and computing power collaboration. The synchronous layout of green hydrogen ammonia alcohol base, new energy storage, virtual power plant, and comprehensive energy services directly connects with the green electricity demand of domestic computing power clusters, and integrates scattered projects into a complete industrial ecosystem. This investment is not only a new lever for stabilizing growth, but also opens up new incremental space for energy transformation.Editor/Cheng Liting