China to surpass US nuclear capacity by 2026

Announcement:

Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy.

Excerpts:
China’s rapid expansion in nuclear power capacity will see it overtake the U.S. as the world’s largest nuclear generator by 2026, Bloomberg reported January 31, citing new research from Fitch subsidiary BMI Research.

China brought online 8 GW of nuclear power in 2016 and is predicted to triple its installed nuclear capacity to nearly 100 GW by 2026, BMI analysts said in a note.

China has 20 reactors currently under construction, according to the International Atomic Energy Agency (IAEA). Another 176 are either planned or proposed, according to the World Nuclear Association (WNA).

In contrast, U.S. nuclear capacity is forecast to hover at around 100 GW in the coming years, with new plant capacity offset by early closures of several reactors on the back of wholesale power price pressures.

Leave a Reply

Your email address will not be published. Required fields are marked *