China’s 2026 energy investment seen reaching $940 billion, world’s largest

The scale of China's energy spending matters less than its composition: a system this large, paired with dominant shares of global wind and solar equipment manufacturing, gives China unusual influence over clean-energy cost curves worldwide. That has direct implications for equipment makers and project developers outside China, who compete with, and depend on, the same supply base. The open question is whether the investment growth continues at this pace as grid and storage constraints bite, and whether equipment dominance translates into pricing power or simply volume.