New Projects, Reactors

Research firm predicts sharp increase in nuclear power globally by 2020

A new report from the research and consulting firm GlobalData forecasts that worldwide nuclear energy generation will jump from 2.39 million GWh in 2012 to 3.08 million GWh by 2020, an increase of nearly 30 percent. Between now and the end of the decade, according to the report, 198 nuclear reactors are scheduled to begin commercial operations.

In addition to powerhouses like China, much of the increase, GlobalData says, will be driven by 45 currently developing, nuclear-free countries looking to includde nuclear power in their energy portfolios amid rising fossil fuel prices and rapid escalating demand for baseload power. Countries in this group include the UAE, Poland and Bangladesh; the UAE takes top spot among the new nuclear powers, with four new nuclear power plants expected to come online by the end of the decade.

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