The Canadian Minister of Energy and Natural Resources has announced the release of Canada’s Nuclear Energy Strategy (22/06/2026). Most notably, it aims to ensure a modernised, cost-competitive CANDU design is available by 2030 and enable construction of up to 10 new large-scale reactors within Canada, with 2 under construction by 2035 and 5 more planned or under development by 2040. Internationally, it intends to secure CANDU technology in at least four new international markets by 2040 and engage 6 to 10 new nuclear entrant markets over a 15-year horizon. Canada also aims to take part in at least 5 international non-CANDU large reactor and SMR projects by 2040. Finally, the country will seek to double uranium exports from 2024 to 2035, supported by new mine production entering service by 2035.
Canada’s nuclear capacity consists of 19 reactors in 4 power plants: Bruce (6.3 GW), Darlington (3.5 GW), Pickering (3.1 GW), and Point Lepreau (660 MW). Nuclear accounted for 7% of Canada’s power capacity in 2024 and 13% of its power mix.
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