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China estimated to invest USD 940bn in energy this year
China’s energy investment is expected to reach USD 940 billion (EUR 838 billion) in 2026, making it the world’s largest energy investor, according to the Global Energy Transition Report 2026 released by the China Enterprise Reform and Development Society .
Global energy investment is forecast to rise 5% to USD 3.4 trillion this year, with about USD 2.2 trillion directed towards power grids, energy storage, low-emission fuels, nuclear power, renewables, energy efficiency and electrification, the report says.
China’s renewable power capacity reached 2.337 TW at the end of 2025, accounting for 60.1% of its total installed power capacity and contributing 63.6% of global renewable capacity additions. Renewable generation totalled 3.99 trillion kWh, or 38.3% of the country’s electricity output.
In the first half of 2026, coal-fired power accounted for 49.7% of China’s electricity generation, falling below 50% for the first time, as renewables gained a larger role in the power mix.
China supplied 70% of global wind power equipment and 80% of solar modules, helping reduce global wind and solar generation costs by more than 60% and 80%, respectively, the report adds.
