Positive Outlook For European Nuclear Market

Increase in new construction projects of nuclear power plants in the EU could be even more thanks to the EU competition Commission as suppliers for a mid-June 2013 study titled nuclear business opportunities so far expected”comes xCon partners estimates that up to the year 2030 up to 370 new nuclear power plant units be built worldwide, which corresponds to a market potential of nearly 1.5 trillion euros. Asia has the most ambitious plans with expected 233 blocks – far ahead of Europe with currently 78 expected blocks. Current concrete considerations the EU competition Commission, making the construction of new nuclear power plants must provide new impetus and could have an increase in the published estimate for Europe resulted. The energy sector is a hard-fought and costly business, which requires long-term planning security. The same applies to the construction and operation of nuclear power plants. Here are planning and construction times depending on the project between eight and 20 years, the subsequent Duration is on average 45 years. These time intervals are beyond any legislative and socio-political moods.

In combination with the uncertain construction costs billions of dollars, this has led to increasing restraint on the investor side in recent years. Increasing number of new construction projects despite high and uncertain costs now plans the Commission a legal framework which aims to facilitate the development of nuclear energy in Europe and allow a simplified State support for these projects in the form of cash injections. This project encourages the European States, which have firmly scheduled nuclear energy in their future energy mix concept, but also those who are looking for possible sources of funding for their future nuclear projects first and foremost. The costs for the construction of a nuclear power plant are not least increased explosively in recent years due to more stringent safety regulations in Europe”, explains Jan Junker, as partner at xCon Partner GmbH on years of Project experience in the nuclear field can look back.