Latest news with #ChinaNuclearEnergyAssociation
Qatar Tribune
a day ago
- Business
- Qatar Tribune
China to nearly double nuclear power capacity by 2040 in rapid build-up
Agencies China will nearly double its nuclear power capacity by 2040, making it by far the world's largest nuclear power generator, according to a new report by the China Nuclear Energy Association (CNEA). The country is set to build dozens of new reactors to raise its installed capacity to 200 gigawatts – more than double the US' current capacity – by the end of the next decade, the Chinese industry body said in the paper released on Monday. Beijing has embarked on one of the fastest buildouts of nuclear power facilities in history over recent years, as it strives to decarbonise the Chinese economy while also avoiding excessive dependence on weather-dependent green energy sources such as solar and wind. Roughly half of the 61 nuclear reactors currently under construction worldwide are located in China, according to a Goldman Sachs report published last week. China had 102 reactors either in use or under construction with a combined capacity of 113GW as of the end of 2024, which are clustered in the country's economically prosperous coastal provinces, the CNEA report said. The United States had 94 operational reactors with a total installed capacity of nearly 97GW as of 2024, according to US Energy Information Administration data. France has the world's third-largest nuclear power capacity, with 56 reactors in use, and several European countries have announced plans to construct more nuclear facilities. However, China's plans dwarf Europe's in terms of April, China's State Council approved the construction of 10 more reactors across five sites dotting the country's coastline, which will require a combined investment of 200 billion yuan (US$27.9 billion). Based on the current pace of construction, China will leapfrog the US to become the world's largest nuclear power generator in terms of installed capacity by 2030, according to the CNEA. Nuclear power will account for about 10 per cent of China's energy mix by the end of the 2030s, it added. Of the 10 newly announced reactors, eight will use China's domestically built Hualong One reactor – a third-generation nuclear power technology that Beijing aims to promote worldwide. Each reactor is capable of generating about 10 billion kWh of electricity per year, enough to meet the annual demand of 1 million people. Competition between the US and China appears to be growing over nuclear power generation, with Washington reportedly suspending licenses for the export of some nuclear power generation equipment to China in early June. In May, US President Donald Trump signed executive orders to accelerate the construction of additional nuclear capacity in the US, with a goal of raising the country's installed capacity to 400GW by 2050.
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Business Standard
2 days ago
- Business
- Business Standard
China targets 200GW nuclear capacity by 2040 to curb coal reliance
The China Nuclear Energy Association report highlights Beijing's aim to reach 200GW installed nuclear capacity by 2040, shifting away from coal and stabilising its energy mix New Delhi China plans to more than double its nuclear power capacity by 2040 as part of a strategic move to reduce reliance on coal and stabilise its energy mix, the South China Morning Post reported, citing a new report from the China Nuclear Energy Association (CNEA). The report, released on Monday, outlines Beijing's intention to achieve 200 gigawatts (GW) of installed nuclear capacity by the end of the next decade. This would exceed twice the nuclear capacity of the United States, which stood at around 97GW in 2024, according to the US Energy Information Administration. As of the end of 2024, China had 102 reactors either operational or under construction, with a combined capacity of 113GW. Most of these are located in the country's economically developed coastal provinces. A recent Goldman Sachs report noted that China already hosts nearly half of the world's 61 nuclear reactors currently being built. The CNEA estimates that by the end of the 2030s, nuclear energy will account for roughly 10 per cent of the national energy mix. New reactors reinforce nuclear momentum In April, China's State Council approved the construction of 10 more nuclear reactors, signalling ongoing government commitment to nuclear energy as a central pillar of the country's decarbonisation strategy. This marks the fourth consecutive year that Beijing has approved the development of at least 10 new nuclear units. The latest projects are expected to require a total investment of approximately 200 billion yuan ($27 billion). Eight of these reactors will employ China's domestically developed Hualong One design – a third-generation nuclear technology that China is promoting for international adoption. According to experts cited in the report, 'The Hualong One is less vulnerable to earthquakes than other third-generation reactors abroad and has more safety redundancies, meaning we can build more in more places.' Each Hualong One reactor can generate roughly 10 billion kilowatt-hours of electricity annually – enough to supply power to about one million people. Balancing coal dominance with cleaner options Despite its clean energy ambitions, China remains the world's largest emitter of greenhouse gases, accounting for over one-third of global emissions in 2023, according to United Nations data. Coal continues to dominate China's energy consumption profile. The nuclear buildout is part of Beijing's broader effort to diversify its power generation base and meet climate goals without compromising energy security. India and the US in context By comparison, India had 8.18GW of nuclear power capacity across 24 reactors in 2024, per a statement by the Department of Atomic Energy. Union Minister Dr Jitendra Singh stated that this figure is projected to grow to 22.48GW by 2031–32. Meanwhile, competition between China and the United States in nuclear energy appears to be escalating. Last month, US President Donald Trump signed executive orders aiming to boost the country's nuclear capacity to approximately 400GW by 2050, Associated Press reported.
Time of India
28-04-2025
- Business
- Time of India
China approves building of 10 new nuclear power units for $27 billion
China is significantly expanding its nuclear power capacity with the approval of 10 new generating units across five operational plants, costing an estimated 200 billion yuan. This expansion, utilizing domestic technologies, aims to boost nuclear power's contribution to China's energy mix from 5% in 2024 to 10% by 2040. With a record investment of 146. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads China's State Council has approved the construction of 10 new nuclear generating units, according to a report from government-backed media The Paper late on Sunday, which estimated the total outlay at 200 billion yuan ($27.44 billion).That continues the pace of expansion of the past few years, with 10-11 units having been approved annually in newly approved projects, which all use domestic technologies, represent expansions at five operational nuclear power plants: Fangchenggang in Guangxi, Sanmen in Fujian, Haiyang in Shandong, Xiapu in Chongqing, and Taishan in investment in nuclear power engineering and construction rose to a record high last year of 146.9 billion yuan, the China Nuclear Energy Association said in its annual white paper, also released on of the end of 2024, China had 57 units in operation with an installed capacity of close to 60 gigawatts, according to the white 2030, China is forecast to reach the top spot globally for installed nuclear capacity, the report forecast. Currently, it's in third place after the U.S. and made up close to 5% of China's power generation in 2024 and is expected to rise to 10% by has achieved 100% domestic production of key nuclear power equipment, the white paper said, and will accelerate self-reliance while continuing to promote international cooperation, especially with major nuclear countries and Belt and Road nations.
