Nuclear Power Industry Issues

Share of nuclear energy generation stagnates globally, and several countries shut down nuclear reactors in 2017.

Most nuclear reactor constructions are behind schedule, with delays resulting in increase in project costs and delay in power generation.

Since 1997, worldwide renewable energy has produced four times as many new kilowatt-hours of electricity than nuclear power

The world no longer needs to build nuclear power plants to avoid climate change and certainly not to save money.

The global nuclear power generation increased by 1.4% in 2016 due to a 23% increase in China, though the share of nuclear energy in electricity generation stagnated at 10.5%.

By comparison, globally, wind power output grew by 16% and solar power by 30%. Renewables represented 62% of global power generating capacity additions.

Massive losses over its nuclear construction projects, Toshiba filed for bankruptcy of its U.S. subsidiary Westinghouse, the largest nuclear power builder in history.

AREVA has accumulated $12.3 billion in losses over the past six years. The French government has provided a $5.3 billion bailout and continues its break-up strategy.

Fukushima nuclear power project in Japan, six years after the disaster began, the report notes how the total official cost estimate for the catastrophe doubled to $200 billion.