World’s operating nuclear fleet at 30 year low as new plants stall: report

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World’s operating nuclear fleet at 30 year low as new plants stall: report
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The number of nuclear reactor units operating globally is at a 30 year low, while new plants struggle for investment, an industry report said on Thursday.

Proponents of nuclear say as a low-carbon power source it could be vital in helping countries meet climate targets, but several plants around the world are coming to the end of their life expectancies and many new ones have faced delays.

The slow pace of new projects coming on stream also increased the overall age of the global fleet to around 31 years old. New projects were struggling to secure finance amid competition from renewables with reported investment decisions for the construction of new nuclear plants at around $31 billion in 2019, around 1 tenth that of wind and solar, the report said.

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