Global annual installed capacity of nuclear power to decline to 3GW due to Covid-19

POWER TECHNOLOGY | Stringent measures instituted by governments around the world have resulted in an economic slowdown, and consequently, have led to a decline in electricity consumption. Furthermore, load profiles have changed, wholesale power prices declined, and oversupply and grid reliability concerns have emerged. Apart from operational challenges, development and financing hindrances have placed the power sector’s growth trajectory at risk in the short term.

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