China’s investment in new nuclear power plants expected to reach 231 bn yuan by 2025 – research
DATA
China’s investment in new nuclear power plants expected to reach 231 bn yuan by 2025 – research
DATA

China’s investment in new nuclear power plants expected to reach 231 bn yuan by 2025 – research

 

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China’s investment in new nuclear power plants is expected to hit 231 billion yuan ($31.80 billion) by 2025, CITIC Securities said in a note.

By the end of 2022, China had 53 in-service nuclear power plants with total capacity of 55.63 million kilowatts, accounting for 2.2% of the country total power generating capacity and ranking third globally after the US and France, according to data from the China Nuclear Energy Association (CNEA).

As a vital clean energy source, electricity generated by nuclear power made up only 5% of China’s power structure in 2022, said CITIC Securities, citing data from CNEA. That figure is far below the world average.

Following the accelerated approval of nuclear power projects in recent years, China’s related industry chain is expected to enter growth territory, which will aid the country’s goal of carbon emissions reduction, CITIC said.