FX.co ★ China to spend $940bn to shore up its power grids

China will pour a record $940 billion into its power sector in 2026, but the priorities have shifted sharply. The world’s second‑largest economy is no longer simply racing to install more wind turbines and solar panels. Beijing is urgently buying cables and transformers so the expanding green fleet can operate reliably.

The issue is practical. Generation capacity has expanded so rapidly that existing grid infrastructure can no longer handle the load. The IEA estimates that roughly $140 billion will be needed this year alone to build infrastructure and integrate existing plants into a unified power system.

China’s clean energy statistical figures are already breaking records. By the end of 2025, renewables accounted for 60.1% of the country’s installed capacity. The effect is visible: in the first half of 2026, coal’s share of power generation fell below the symbolic 50% mark for the first time, to 49.7%. Clean energy expanded and covered the entire increase in national electricity demand.

On the global stage, China remains dominant. Its factories produce about 70% of the world’s wind‑energy equipment and 80% of solar panels. The next phase of the energy transition is therefore set to benefit cable and electric‑transmission manufacturers above all.