EIA forecasts growth in world nuclear electricity capacity, led by non-OECD countries

U.S. Energy Information Administration --------- EIA’s International Energy Outlook 2017 (IEO2017) projects that global nuclear capacity will grow at an average annual rate of 1.6% from 2016 through 2040, led predominantly by countries outside of the Organization for Economic Cooperation and Development (OECD). EIA expects China to continue leading world nuclear growth, followed by India. This growth is expected to offset declines in nuclear capacity in the United States, Japan, and countries in Europe.Electricity demand growth plays a central role in decisions to build new nuclear reactors and retire existing reactors. EIA expects electricity demand growth in China, India, and the Middle East to exceed growth in the United States, Europe, and Japan. EIA’s projected higher electricity demand growth for non-OECD member countries is the result of comparatively higher growth in gross domestic product and population relative to OECD member countries. To learn more click on the picture below to read the article.