New energy power generation in southwest China''s Yunnan Province totaled 41 billion kWh in 2023, up 56 percent year on year, according to the Yunnan branch of the China Southern Power Grid. The new energy power
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China Southern Power Grid Energy Storage Co.,Ltd. (南方电网储能股份有限公司) (600995.SH) reported a net profit of 1 billion yuan in the first three quarters of 2023,
What''s new: The State-owned Assets Supervision and Administration Commission (SASAC), the central government''s state assets regulator, has raised its stake in China Southern Power Grid Co. Ltd. to 51%
China Southern Power Grid Technology Co.,Ltd. (南方电网电力科技股份有限公司) (688248.SH) reported a net profit of 162 million yuan in the first three quarters of 2023,
"China Southern Power Grid also has two major pilot projects on power trading in Guangdong and Yunnan provinces, which provide both challenges and opportunities for the country's in-depth digitalization of its power networks," he added.
[Photo provided to China Daily] China Southern Power Grid has pledged to continue investing in digital power grid construction, including a digital grid across Guangdong, Yunnan, Guizhou and Hainan provinces and the Guangxi Zhuang autonomous region.
State Grid Corp. of China has said it will increase the number of electric vehicle (EV) charging stations by 10 times in 2020 from last year’s level, pledging 2.7 billion yuan ($382 million) of investment as part of the government’s push to support high-tech infrastructure.
A digital power grid will better facilitate the consumption of power increasingly produced by clean energy while further facilitating China's ambition to achieve a carbon peak by 2030 and carbon neutrality by 2060, he said.
Guangdong Power Grid Corporation is expected to invest more than 4 billion yuan in Guangdong during the 14th Five-Year Plan period (2021-2025) to accelerate the construction of charging infrastructure, and put another 40,000 charging piles into operation, according to an official with the company.
The company, one of the country's two major power grids, said it will invest more than 26 billion yuan ($4.1 billion) in the construction of a digital power transmission network, the core of a new power system, during the 14th Five-Year Plan period (2021-25).
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