The State Grid Corporation of China, which covers over 80% of the country’s power grid, has raised its planned investments for this year to a record-high of $82.7 billion (600 billion Chinese yuan) to boost transmission lines from the key renewable-generation centers to demand hotspots. The corporation has recently lifted by 13% its budget spending for 2024, according to the Economic Information Daily cited by Bloomberg. China is looking to ease grid bottlenecks as soaring capacity installations of solar and wind power need to be connected…
