New Projects, New Projects, Nuclear, Reactors, Renewables

Global nuclear plant life extensions to decrease sixfold by 2025

The capacity of nuclear power plants starting plant life extension (PLEX) programs will decrease from an estimated 18.1 GW in 2015 to 2.9 GW by 2025, according to a report from GlobalData.
The latest report, “Plant Life Extension (PLEX) for Nuclear Power, Update 2015 – Global Market Size, Competitive Landscape and Key Country Analysis to 2025,” says the global PLEX market value will decrease from $7.5 billion in 2015 to $2.6 billion by 2025, though it is expected to increase to $8.6 billion in 2016. Plant operators started 26 PLEX projects in 2010 and 24 in 2011, but that number is anticipated to continue its decrease due to public opinion following the 2011 Fukushima accident.
The overall trend toward renewable energy means the global PLEX market will remain negative to 2025, said GlobalData’s Senior Analyst covering Power Harshavardhan Reddy Nagatham.
“This will be most notable in Europe, where the capacity of NPPs starting PLEX operations is expected to drop almost sevenfold from approximately 8.3 GW this year to 1.2 GW by the end of 2025,” Nagatham reported.