Europe’s electrification target needs 50GW of new nuclear capacity
The European Commission wants electricity to cover 46% of final energy by 2040. That will be extremely difficult without nuclear providing 25–30% of generation. On that basis, Europe would need roughly 60 new large-reactor or SMR projects to enter planning and development over the next four years, writes Kalev Kallemets, CEO of Estonian SMR developer Fermi Energia.
