As part of a plan to reduce its national energy consumption to 13.5 percent per unit of GDP by 2025, China is looking at smart grids — in particular rural grids — as opportunities for green investment and meeting national decarbonization goals.
KPMG’s report Smarter Grids: Powering decarbonisation through technology investment, analyzes how smart grid technology enhances the operational efficiency of the grid and better integrates renewable energy.
According to the report, China generated more than 8,500 terawatt hours of electricity in 2022, accounting for one-third of global output. In line with its national carbon-neutrality commitment, China has significantly expanded its capacity to generate and transmit renewable energy — a growth that is projected to continue as renewable energy continues to attract greater investment.
“Smart grid technology enhances the operational efficiency of the grid and its ability to transmit energy with minimal