World-class investments in energy sector to tackle the rising energy demand

Nuclear Energy PlantThe demand for energy has increased throughout the world and many international companies and governments are showing greater interest towards investments in energy to handle the future demand. Nuclear energy has become increasingly popular these days and China is showing greater interest towards nuclear energy investments. Currently China has installed more than 11 nuclear power reactors. The total capacities of these reactors are approximately 9000 megawatts and this contributes roughly one percent of the total energy capacity of China. China is planning to increase its nuclear energy investments and it hopes to produce nearly 80000 megawatts by the end of the next decade. UxC, a leading consulting company, has declared that such increases could result in a four-fold increase in the consumption of uranium, up to 190 million pounds per year. The domestic capacity of the uranium used in China is estimated at 2 million pounds so these companies in China are planning to acquire uranium supplies from across the world.

China Guangdong Nuclear Power Corporation and the China National Nuclear Corporation have agreed to jointly work on long term projects and they are ready to join with external minering operations such as the Cameco Corporation, a leading uranium supply company in the world. China is welcoming more joint ventures and investments in energy for the betterment of its energy industry. Currently China is importing one-fourth of its uranium usage from other developing countries and the price of uranium products are increasing tremendously as a result. A recent G-20 summit has decided to accelerate investment in energy and the large demand for energy will drive energy investments to Asia, which will be headed by India and China. The summit proposed that each member attract private companies to produce energy investments for the development of renewable energy projects, in the hopes that they can compete efficiently in the global business arena.

The Global Clean Power initiative attracted nearly $2.3 trillion USD from the private sector for the installation and improvement of solar, wind, biomass, geothermal, and marine energy projects taking place across the world. The director of the Pew Climate and Energy program, Phyllis Cuttino, says all nations wish to increase their energy investments, spur employment opportunities and to fortify their clean energy standard. The clean energy sector is providing a great deal of opportunities for the economic development in the forthcoming decade as an additional $546 billion USD are allocated for clean energy projects. Asia has become the world-class destination for many clean energy investments in this fiscal year and is strongly supported by China and India for clean energy policies.

Chris Termeer

Chris Termeer is an oil and gas consultant, industry commentator and analyst. His book, Fundamentals of Investing in Oil and Gas provides a comprehensive overview of all aspects of the oil and gas industry, including exploration, drilling, production, storage, transportation and refining, to name but a few.

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