Abstract: Accurate investment in distribution network equipment is the key to ensure intensive and lean management of power companies. At present, the evaluation information of distribution network equipment investment plans tends to be arbitrary, and it is difficult to objectively evaluate and select the plan. This paper proposes an evaluation method for the investment strategy of distribution network equipment based on the entropy weight-cloud model. The cloud model and entropy method are thus used to calculate the evaluation index weights, to study the influencing factors such as economic benefits, technology and risks on investment strategies, to scientifically evaluate investment plans, and to provide support for data and references required for the formulation and optimization of investment strategies. Results of practice show that the method can identify the differences and weakness in the plan of the equipment investment of the distribution network and provide choices for the optimal decision-making. This research contributes to promoting the high-quality development of the distribution network and improving the proficiency of decision-making of the investment of the distribution network.