Published: September 28th, 2023,
Last updated: May 28th, 2025
In the first seven months of this year, China installed nearly 100 gigawatts of new solar capacity, surpassing the record set in 2022. However, experts are concerned that the slow pace of grid expansion could hinder the energy transition. According to the think tank Bloomberg NEF, global power grids need to be expanded to 152 million kilometers by 2050 to achieve climate goals – a doubling of the current length. This expansion would require 21 trillion dollars in global investments by 2050, with more than a third of these investments needed in China and the United States. If these two countries do not expedite their grid expansions, the energy transition could be seriously threatened, warn experts.