Canada has released a national strategy to expand its nuclear energy capacity, with plans to build up to 10 large reactors and reduce the regulatory burden on future projects.
Minister of Energy and Natural Resources Tim Hodgson said the government aims to begin construction on two new reactors by 2035, with five more planned or under development by 2040.
The strategy does not include new funding commitments at this stage. The government said it would set out a policy by April 2027 covering the federal support mechanisms and financing tools available to nuclear energy projects.
Nuclear power currently accounts for around 13 percent of Canada’s electricity generation. Canada is also the world’s second-largest producer of uranium, giving it a degree of supply-chain advantage that most countries pursuing nuclear expansion do not have.
