Nuclear energy generation in Europe has been on a declining trend since 2013, showing fluctuations but an overall downward trajectory. In 2023, nuclear energy generation stood at 722.1 Terawatthours. Between 2022 and 2023, the year-on-year decline was 2.61%, marking the continuation of a significant decline from the previous year, which saw a larger drop of 15.96%. Over the past five years, the compound annual growth rate (CAGR) is at -5.05%, indicating a persistent contraction in nuclear energy production.
Looking forward, the forecast for nuclear energy generation between 2024 and 2028 predicts a continued decline, with an average annual decrease of 5.57%. By 2028, nuclear energy generation is projected to fall to 503.59 Terawatthours, reflecting a 24.93% drop over the next five years.
Future trends to watch for include potential policy shifts, advancements in nuclear technology, and the increasing role of renewable energy sources, which could further influence the trajectory of nuclear energy production in Europe.
