Post by
Stranger10 on Sep 15, 2017 7:46am
Nuclear fuel report sees growth
Global nuclear capacity continues to grow over the period to 2035 under both the Upper and Reference scenarios, with installed capacity increasing by 70% and 35% respectively - both higher than growth rates seen over the past 20 years. Capacity declines slightly under the Lower scenario. Growth is dominated by increased capacity in China, increasing from 37 GWe today to 141 GWe in 2035 under the Reference scenario.
Although uranium is currently in a situation of oversupply, the Reference scenario sees a gap between projected demand opening up after 2023, with larger supply gap under the Upper scenario. The Lower scenario also sees a small supply gap opening later in the projection period. These gaps would need to be met from 'reserve projects': a range of possible projects some of which could be developed within five years.