Three Characteristics of Energy Investment During the "14th Five-Year Plan" Period
2025-9-2
On August 26, at the press conference themed "High-Quality Completion of the ¡ä14th Five-Year Plan¡ä" held by the State Council Information Office, Wan Jinsong, Deputy Director-General of the National Energy Administration, pointed out that energy investment during the "14th Five-Year Plan" period has shown three characteristics: "fast growth rate, optimized structure and strong vitality".
First, the growth rate is fast, and it plays a significant role in driving the growth of fixed-asset investment. Since the start of the "14th Five-Year Plan" period, China¡äs energy industry investment has consecutively exceeded the thresholds of 4 trillion yuan, 5 trillion yuan, and 6 trillion yuan. The accumulated investment accounts for nearly 10% of the total social fixed-asset investment. With the growth rate of energy investment accelerating continuously, the average annual growth rate of energy industry investment has exceeded 16% since the "14th Five-Year Plan" period, making it a powerful engine for stabilizing economic growth.
Second, the structure is optimized, providing strong support for the development of new-quality productive forces. In 2024, the investment completed in key renewable energy projects accounted for over 80% of the total power source investment. The steady supply of green electricity has facilitated the green and low-carbon transformation of production and lifestyle. Investment in new energy formats has maintained a sound momentum: in 2024, the investment completed in key projects such as new energy storage, charging and swapping infrastructure, hydrogen energy, and source-grid-load-storage integration reached nearly 200 billion yuan, gradually becoming a new growth driver for energy investment.
Third, vitality is strong, playing a significant role in driving the growth and strengthening of the private economy. In recent years, China has continuously lowered investment thresholds, improved service standards, and guided the private economy in the energy sector to grow bigger, better and stronger. The average annual investment of private enterprises in key energy projects has maintained double-digit growth. China¡äs private enterprises are deeply involved in national science and technology projects in the energy field¡ªamong the first four batches of R&D projects for the first-of-its-kind major technical equipment in the energy sector, half have brought in private enterprises for participation. The private economy has contributed an indispensable force to the cultivation and growth of the new energy industry.
First, the growth rate is fast, and it plays a significant role in driving the growth of fixed-asset investment. Since the start of the "14th Five-Year Plan" period, China¡äs energy industry investment has consecutively exceeded the thresholds of 4 trillion yuan, 5 trillion yuan, and 6 trillion yuan. The accumulated investment accounts for nearly 10% of the total social fixed-asset investment. With the growth rate of energy investment accelerating continuously, the average annual growth rate of energy industry investment has exceeded 16% since the "14th Five-Year Plan" period, making it a powerful engine for stabilizing economic growth.
Second, the structure is optimized, providing strong support for the development of new-quality productive forces. In 2024, the investment completed in key renewable energy projects accounted for over 80% of the total power source investment. The steady supply of green electricity has facilitated the green and low-carbon transformation of production and lifestyle. Investment in new energy formats has maintained a sound momentum: in 2024, the investment completed in key projects such as new energy storage, charging and swapping infrastructure, hydrogen energy, and source-grid-load-storage integration reached nearly 200 billion yuan, gradually becoming a new growth driver for energy investment.
Third, vitality is strong, playing a significant role in driving the growth and strengthening of the private economy. In recent years, China has continuously lowered investment thresholds, improved service standards, and guided the private economy in the energy sector to grow bigger, better and stronger. The average annual investment of private enterprises in key energy projects has maintained double-digit growth. China¡äs private enterprises are deeply involved in national science and technology projects in the energy field¡ªamong the first four batches of R&D projects for the first-of-its-kind major technical equipment in the energy sector, half have brought in private enterprises for participation. The private economy has contributed an indispensable force to the cultivation and growth of the new energy industry.