China has been the number one story in terms of nuclear power growth for the past 15 years. Considering that the country’s GDP has grown roughly fivefold since 2005, it is no surprise that its influence on all energy and commodity markets has been tremendous. However, when recalling that China was almost a non-factor in the global nuclear marketplace in the early 2000s, it is astounding how China’s role in the nuclear industry has evolved in such a short period of time. Today, the country has 47 reactors (45.1 GWe in net capacity) in operation and 11 units (10.7 GWe) under construction for a total capacity of ~56 GWe from 56 reactors. Moreover, many new reactors are in advanced planning. However, China’s rapid nuclear buildout has hit several speedbumps over the past few years, and it is therefore important to analyze what the future may hold in terms of China’s nuclear power program. Specifically, the question that many focused on this market desperately want answered is: “How fast will China grow?”
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