With an investment volume of 165.7 billion U.S. dollars, China was the global leader in terms of electricity transmission grid spending in 2022. That year, the electrification rate of the country -or the share of electricity out of the total energy consumed- amounted to roughly 30 percent. The country accounted for over 50 percent of the global investment on power grids.
The expansion of the power grid is a crucial component of the global energy transition, as it assists the shift from fossil fuels to renewable energy sources.
Investment in electricity transmission worldwide in 2022, by country
(in billion U.S. dollars)
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Energy Monitor. (March 15, 2024). Investment in electricity transmission worldwide in 2022, by country (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1458215/electricity-transmission-spending-by-country-worldwide/
Energy Monitor. "Investment in electricity transmission worldwide in 2022, by country (in billion U.S. dollars)." Chart. March 15, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1458215/electricity-transmission-spending-by-country-worldwide/
Energy Monitor. (2024). Investment in electricity transmission worldwide in 2022, by country (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1458215/electricity-transmission-spending-by-country-worldwide/
Energy Monitor. "Investment in Electricity Transmission Worldwide in 2022, by Country (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Mar 2024, https://www.statista.com/statistics/1458215/electricity-transmission-spending-by-country-worldwide/
Energy Monitor, Investment in electricity transmission worldwide in 2022, by country (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1458215/electricity-transmission-spending-by-country-worldwide/ (last visited December 21, 2024)
Investment in electricity transmission worldwide in 2022, by country (in billion U.S. dollars) [Graph], Energy Monitor, March 15, 2024. [Online]. Available: https://www.statista.com/statistics/1458215/electricity-transmission-spending-by-country-worldwide/
