China's nuclear capacity predicted to hit 92GW by 2026
It is already "self-sufficient" in terms of reactor design.
BMI Research expects nuclear and renewables generation to more than double over its 10-year forecast period and gas to surge by over 340% over the next 10 years as coal-fired power generation is curbed in the Chinese electricity mix.
China's renewables industry will remain the largest in the world by total installed capacity over the coming decade, with close to 190gigawatts (GW) of renewables capacity added between 2016 and 2026.fWe have long-held a bullish outlook on China's nuclear power sector and the country's extensive pipeline of reactors that are planned, proposed or under construction supports our growth forecasts.
Here's more from BMI Research:
We expect nuclear capacity to total 92GW by 2026, up from 34GW in 2016; this is in line with government targets to have 58GW of nuclear capacity operating by 2020-21, and 150GW by 2030.
China is already largely self-sufficient in terms of reactor design and construction, and by expanding its own domestic nuclear sector, the country will develop the expertise to export its nuclear capabilities and technology abroad. Promoting its nuclear technology in developed and emerging markets alike will play a key role in China's wider 'Going Global' and 'One Belt One Road' strategies.
Chinese nuclear companies have already secured significant international contracts to develop new nuclear capacity - for example in Pakistan, Argentina and the UK