China Expected to Invest $940 Billion in Energy in 2026

China is expected to invest $940 billion in energy in 2026, the largest amount of any country, according to a report cited by China Central Television.

The spending comes as the country expands renewable energy and works to connect it to the power system.

At the end of 2025, renewables made up 60.1% of China's installed power capacity, and their electricity generation covered 38.3% of the country's total.

China’s energy investment is increasingly moving from adding generation capacity to building grids and other supporting infrastructure.

The International Energy Agency expects China’s grid investment to reach about $140 billion in 2026.

In the first half of 2026, coal-fired plants supplied less than half of China’s electricity for the first time, while energy-related carbon dioxide emissions fell 0.5% in 2025.

The report’s forecast points to continued investment in the infrastructure needed to integrate renewables.