Investment in nuclear power declined 45% last year

Antinuclear

Investment in new nuclear declines to five-year low, WNN  17 July 2018  Global energy investment fell for the third consecutive year in 2017, according to the International Energy Agency (IEA). Investment in nuclear power declined by nearly 45% last year to USD17 billion. Although spending on new reactors reached the lowest level in five years, investment on upgrades of existing units increased………

Of the four new reactors commissioned last year, three were in China. More than 5 GWe of nuclear generating capacity was retired, leading to a net reduction of about 2 GWe in total nuclear capacity worldwide. Capacity was still about 10 GW higher than in 2007. While around 60 GWe of nuclear power remains under construction worldwide, new construction starts totalled just over 3 GWe.

Modernisations and upgrades of existing reactors represented about half of total nuclear investment last year. “Large investments have recently been made in…

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