Asia to lead nuclear boom with 103 new reactors by 2025

Around 103 new nuclear reactors will be built in the Asia-Pacific by 2025, which will cement the region’s dominace in the global nuclear market, according to a report published today.

The study from research firm GlobalData identifies China and India as the nuclear powerhouses in the region, stating that between them they will account for more than 60 per cent of the reactors planned to come online worldwide by 2025.

GlobalData calculated that the nuclear installed capacity in the Asia-Pacific rose from 67 GW in 2000 to 88 GW last year, and it predicts that it will rise to 187 GW by 2025.

Among the emerging nuclear countries, the report finds that Turkey is expected to install the greatest nuclear power capacity by 2025, with six large reactors planned. Vietnam also intends to build six reactors, although these will be smaller than those in Turkey.

The study states that other regions will also see an increase in installations, with 88 reactors in Europe, 24 in North America, eight in the Middle East and Africa, and three in South and Central America by 2025.

Pranay Srivastava, GlobalData’s associate power analyst, said the key global drivers of nuclear energy are “burgeoning power demand, increasing fossil fuel prices, the need to mitigate greenhouse gas emissions and the low cost of electricity generation that is associated with nuclear”.

“However, the global nuclear power industry is facing a major challenge in funding. New government policy changes, which are backed by a fear of radiation and anti-nuclear public opinion, have caused uncertain market conditions, whereby investment in nuclear projects is deemed increasingly risky.”

Follow Power Engineering International on Twitter

Editor's Picks

Gas-fired power dominated UK energy sector in Q2

A combination of coal-fired power plant outages and falling gas prices saw a surge in gas-fired power in the UK in the sec...
Mike Winkel of E.ON

E.ON calls for assistance in renewables investment drive

Germany’s largest utility says it can no longer afford to push large renewable projects on its own and is looking for part...
Wilhelmshaven

Molluscs force German coal-fired power plant to shut down

The 757 MW Wilhelmshaven hard coal-fired power plant has had to be temporarily shut down after North Sea mussels clogged t...
Polish flag

Poland's 2050 policy outlines move away from coal

The Polish government has published a draft energy policy, which looks to reduce dependency on coal in favour of a low-car...
Doel

Belgium braces for power cuts

The Belgian government is making contingency plans as the impact of the closure of half its nuclear capacity looks set to ...

PEI Magazine Issues



>> Current Issue           >> Past Issues

Latest Wire News

The Surfrider Foundation Celebrates California's Plastic Bag Ban

The Surfrider Foundation Celebrates California's Plastic Bag Ban

Vectren Corp. Closes Sale of Its Wholly Owned Coal Mining Subsidiary, Vectren Fuels

Vectren Corp. Closes Sale of Its Wholly Owned Coal Mining Subsidiary, Vectren Fuels

Hawaii Energy Offers State's First-Ever Energy Efficiency Auction

Hawaii Energy Offers State's First-Ever Energy Efficiency Auction

Virtu Investments' Third Apartment Fund Oversubscribed at $48 Million

Virtu Investments' Third Apartment Fund Oversubscribed at $48 Million

Top Industrial Market News Stories for the Fourth Week of August 2014, an Industrial Info News Alert

Top Industrial Market News Stories for the Fourth Week of August 2014, an Industrial Info Ne...

Editorial Guides

How to cut your OPEX

How to cut your OPEX In a constantly evolving electricity market, factors such as over capacity and low coal costs can pu...

Alstom Editorial Guide: Thailand to showcase latest upgrade of Alstom's GT26 in combined-cycle

Read all about Alstom's new advanced GT26 gas turbine in the North Bangkok CCPP expansion project online with the Power En...

PLEXOS® Integrated Energy Model – Leading the Field in Energy Market Modelling

PLEXOS® Integrated Energy Modelling is an advanced software tool that employs the latest mathematical programming methods ...

Power Engineering International

Whitepapers

Portfolio Optimization by PLEXOS

PLEXOS performs the Security Constrained Unit Commitment and Economic Dispatch using Mixed Integer Programming (MIP) to minimize a cost function subject to all operational constraints. The PLEXOS M...

Evaluating cogeneration for your facility: A look at the potential energy-efficiency, economic and environmental benefits

The energy-efficiency, economic and environmental benefits of cogeneration are the subject of this in-depth white paper. The paper argues that producing electricity and heat/cooling from the same f...

The Effect of Moisture on the Breakdown Voltage of Transformer Oil

Power transformers utilize oil as a heat transfer medium and a dielectric material, together with cellulose. Breakdown voltage (dielectric strength) is one of the most important parameters of trans...

Improving Mission Critical Cooling Systems With More Reliable Level Sensing

The choice of coolant level sensor may seem like an insignificant detail when designing complex machinery such as emergency generators and cranes, but if this sensor fails, the operator has no warn...

Steps Towards a Low Carbon Future: Solutions and Technologies That Will Support the Global Revolution Required

A smart grid is becoming more and more essential as clean energy becomes more dominant. In addition, the demand for electricity is expected to treble the ability to supply it over the next decade. ...

Latest Digital Edition

  Power
  Engineering
  International
Look Inside >
Cover
Current Issue

Article Archives for Power Engineering International Magazine

Latest Energy Jobs

View more Job Listings >>