The fixed asset investment arrangement of China Southern Power Grid this year is 180 billion RMB, reaching a new high for five consecutive years

According to the domestic media "Southern Finance," Southern Power Grid Company has announced a fixed asset investment plan of 180 billion yuan for 2026, marking a record high for five consecutive years, with an average annual growth rate of 9.5%.

In terms of the construction of a new power system, Southern Power Grid has made it clear that it will coordinate the large-scale development and high-level consumption of renewable energy, enhance the observable, measurable, controllable, and adjustable capabilities of renewable energy, and improve intelligent control levels, supporting the addition of 40 million kilowatts of new installed capacity for renewable energy in 2026.

Regarding construction projects, the offshore wind power flexible direct current transmission project located on Sanshan Island in Yangjiang, Guangdong, is over halfway completed and is expected to be put into operation by the end of 2026, delivering approximately 6 billion kilowatt-hours of green electricity annually to the Guangdong-Hong Kong-Macao Greater Bay Area. The construction of flexible interconnection projects such as the Cangyuan DC and those in Hunan and Guizhou is also accelerating, actively introducing clean electricity from outside the region.

In terms of strategic emerging industry layout, Southern Power Grid has proposed to accelerate the expansion and quality improvement of charging and battery swapping infrastructure, strengthen the construction of the "Electric Hong" ecosystem, and proactively layout new tracks such as marine energy and embodied intelligence. From a project perspective, in the first quarter of 2026, the largest vehicle-network interaction demonstration station in the Guangdong-Hong Kong-Macao Greater Bay Area will be put into operation in Shenzhen.

At the same time, Southern Power Grid plans to increase the update of grid infrastructure and the intensity of digital transformation, with large-scale equipment update investments not less than 50.6 billion yuan in 2026, and promote the coordinated development of electricity and carbon computing, building a new type of infrastructure for "electricity + computing power," upgrading the collaborative operation platform for electricity and carbon computing, and promoting the construction of a number of zero-carbon parks and zero-carbon factories.

In addition, Southern Power Grid revealed that the 220 kV underwater interconnection project on Weizhou Island in Guangxi will be put into operation in the first quarter of 2026, and key projects such as the 500 kV offshore wind power transmission line in Hainan will also start construction within the year, to moderately advance the development of Hainan's power infrastructure and strengthen the weak points of the power grid facilities in Yunnan, Guizhou, and Guangxi