China amps up nuclear ambitions with 10 new reactor approvals
- China's State Council approved 10 new nuclear reactors, marking the fourth consecutive year of at least 10 approvals for nuclear power.
- China has 30 nuclear reactors under construction, which is nearly half of the global total, and is projected to become the largest atomic energy generator by the decade's end.
- The 10 new reactors are expected to cost 200 billion yuan , while China's nuclear capacity is forecasted to reach 65 gigawatts by the end of 2025.
- Nuclear stocks in China rose after the announcement, with CGN Power Co.'s shares increasing amid optimism about the nuclear projects.
30 Articles
30 Articles
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China New Nuclear Reactors Approval: China greenlights 10 new nuclear reactors with a $27 billion investment, driving rapid growth in clean energy. With 30 reactors under construction, it's on track to surpass the US by 2030
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