【SMM New Energy News】PJM, Largest US Grid Operator, Warns of Power Supply Crisis, Plans Emergency Capacity Auction

In H1 2026, Envision Energy secured new overseas wind power orders exceeding 4.4GW, spanning North Africa, Southern Europe, and Southeast Asia. Dajin Heavy Industry's overseas backlog surpassed RMB 10 billion, with products exported to over 30 countries and regions. Envision is supplying large-rotor-diameter, high-capacity offshore smart turbines for the 128MW Vinh Long nearshore wind project in Vietnam, set to become the leading nearshore wind project cluster in Vietnam and Southeast Asia. Dajin Heavy Industry's globally first ultra-large offshore engineering product indoor manufacturing facility in Caofeidian, Tangshan, has commenced operations, capable of mass-producing fixed and floating wind foundations for 15MW–25MW high-power turbines. Overseas markets have become a key growth engine for China's wind power industry.

According to State Grid, the company completed fixed asset investment exceeding RMB 310 billion in H1 2026, representing a year-on-year increase of 12.6%. Among these, 15 Ultra-High Voltage (UHV) projects and 37 pumped-storage hydropower stations are under accelerated construction. Investment in new energy grid-connection projects continues to ramp up, with the new energy grid-connected installed capacity in State Grid's operating area reaching 1.55 billion kW as of the end of June.

The IEA released a report on July 23 stating that despite recent Middle East conflicts disrupting global natural gas markets and elevating power generation costs, global electricity demand is projected to maintain rapid growth in 2026-2027, fueled by sustained demand from industry, household appliances, cooling, electric vehicles, and data centers. The report forecasts global electricity demand growth of 3.6% in 2026 and 3.8% in 2027, both exceeding the 3% growth recorded in 2025. Global electricity consumption is expected to reach 30,700 TWh by 2027. Renewables are projected to surpass coal as the world's largest power source in 2026. Solar PV generation is set to increase by approximately 600 TWh in 2026, with PV expected to overtake wind and become the world's second-largest renewable power source after hydropower.