A single large-scale nuclear reactor is capable of generating more than
1,600MW of power
A new generation nuclear power station being built at Hinkley Point C
“ China plans to generate 10 % of its power from nuclear energy by 2035 and 18 % by 2060 . Japan is aiming for nuclear power to provide about 20 % of its electricity by 2030 , despite the 2011 incident in Fukushima , and South Korea is now targeting a minimum nuclear share of 30 % by 2030 . India is also aiming for a 70 % increase in nuclear power capacity by 2029 .”
Alan adds , concluding : “ Investors need certainty to back nuclear projects . To attract private funding , the nuclear sector needs to receive commitments from governments that go beyond electoral cycles .
“ Exploring innovative financing and delivery models that better balance risk and reward is essential . The UK ’ s Nuclear Energy ( Financing ) Act of 2022 introduced the option to fund nuclear energy through a Regulated Asset Base model , which we ’ re still seeing developed . This is used successfully in other industries including utilities and aerospace and is one route to help balance risk between government and private investment .” energydigital . com 79