China Power Industry Investment and Development Report 2025

The China Power Industry Investment and Development Report (2025) provides a comprehensive analysis of investment trends in China's power sector, covering power generation, grid, energy storage, and typical enterprises. It examines key investment factors such as electricity prices, supply conditions, and profitability, offering future prospects. The report highlights a slowdown in total power investment growth, with 2024 investment reaching 1,817.8 billion yuan (up 13.9%), where power source to grid ratio is about 2:1, and wind and solar account for 63.2% of power source investment. Thermal power investment saw high growth at 187.9 billion yuan (up 38.0%), driven by supply security needs and improved returns on equity. Policy orientation emphasizes low-carbonization, flexibility, and intelligence. A special chapter discusses the rapid growth of charging infrastructure with new energy vehicle penetration, including China Southern Power Grid's practices and future outlook. The report is published by the Energy Development Research Institute of China Southern Power Grid in August 2025.