Grid Investment Up 12.6%: A Sharpe Ratio Worth Quantifying

Fixed asset investment in the first half of the year reached 310 billion yuan, up 12.6% year-on-year. The core growth drivers were State Grid's 15 ultra-high voltage (UHV) projects and 37 pumped-storage hydropower stations. Investment in renewable energy grid connection projects has continued to ramp up; by the end of June, the installed capacity of renewable energy connected to the grid within State Grid's operating area exceeded 1 billion kilowatts.