What is China Southern power grid?

China Southern Power Grid (“Southern Grid”) is one of China’s two major state-owned power distributors that serve five southern provinces: Guangdong, Guangxi, Yunnan, Guizhou and Hainan. The region has witnessed a rapid build-up of power generation capacity, from 275 GW in 2015 to 350 GW in 2020.

Will China's power grid build a digital power grid?

China Southern Power Grid, one of the country's two major power grids, also plans to further step up digital power grid construction to make sure its percentage of nonfossil energy power generation accounts for 61 percent by 2030.

What will China Southern power grid expect in 2022?

China Southern Power Grid expects cumulative market-based electricity trades in the southern power market to reach 1.11 trillion kWh in 2022, close to the total electricity consumption of the three provinces of Guangdong, Yunnan and Guizhou in 2021.

Will China continue to invest in grid construction?

State Grid Corp of China, the world's largest electricity company by power generation capacity, vowed to continue investing in grid construction this year with 473 billion yuan ($73.5 billion) in investment, up 2.71 percent year-on-year.

How many provinces does China have a state grid?

State Grid covers about 26 provinces in eastern, central and northern regions, while the latter covers five provinces in southern China. Guangdong is China's largest power consuming province, with 786.663 billion kWh of demand in 2021, accounting for about 9.5% of the country's total of 8.31 trillion kWh, official data showed.

How will China's new energy policy affect the power generation mix?

"Ways will be found to cut thermal coal plants' contribution to the power generation mix by reducing some of the output and decommissioning some plants ahead of their economic life's end. This also means that capital spending by State Grid Corp of China may substantially rise so as to meet the higher rate of clean energy sources."