China plans to build over 100 nuclear reactors in the next decade, according to the country’s latest five year plan. The government will invest over $100 billion to construct six to eight nuclear reactors annually between now and 2030. By 2020, China should have 58 gigawatts of nuclear capacity.[i] By 2050, China’s nuclear power should exceed 350 gigawatts, having spent over a trillion dollars in nuclear investment.[ii] In just ten years, China’s nuclear capacity will likely exceed our own, which is slowly being shuttered.
China has 29 nuclear power reactors in operation, 22 under construction, and more will break ground soon.[iv] The country plans to install about 150 gigawatts of nuclear power by 2030. To ensure that it has the most technologically advanced nuclear fleet in the world, the China National Nuclear Corporation signed an agreement with TerraPower, which is affiliated with Bill Gates, to construct the world’s most advanced nuclear reactor by 2030.
China is building nuclear reactors quickly and cheaply—about 5 years per reactor and $2000 to $2500 per kilowatt.