In Europe, nuclear projects account for the highest value, with $358.1bn, followed by wind with $277.6bn.

The Sinop Nuclear Power Plant in Turkey is the second highest value project in Europe at $25bn, behind the UK’s $35bn East Anglia Offshore Windfarm Development

Across the continent, government policy decisions have affected investment in power, such as Germany’s decision to move away from nuclear energy, which has been well documented. The country is instead investing heavily in onshore wind power generation, adding 5.3GW in 2017.

However in Russia and Poland, nuclear power together with coal plants still make up a major part of the energy strategy. Poland is expected to miss its EU target for 2020, with more investment in nuclear energy likely.

The UK’s dominance in power generation projects is largely driven by some high value projects, with six major nuclear power stations and a number of high value offshore wind installations.

Asia-Pacific continues to set the pace for global economic growth, which is mirrored in its increased demand for power to fuel its industrial production and growing cities.

The Asia-Pacific region comprises 60% of the global population, and consumes more than half of the global energy supply. It has the highest value of nuclear, coal, hydroelectric and geothermal power projects.

Nuclear power projects in the region are valued at $376.6bn, with India accounting for the highest value project – the $24bn Jaitapur Nuclear Power Plant.

The US has seen reducing energy consumption since 2014, due to the effects of the global recession dampening demand from industry and improved energy efficiency measures.

According to the US Energy Information Administration (EIA), nuclear power came in third in the amount of electricity generation with 20% of the total, ahead of natural gas (34%) and coal (30%).

Brazil, the major economy of Latin America, is a world leader in hydroelectric power, but also relies on nuclear, coal, gas and biomass.

The policy in Brazil is to diversify from its dependence on hydroelectric power – particularly through nuclear power and natural gas – after periods of drought affected the power supply.

Demand for energy is expected to rise throughout the Middle East and Africa region, in line with the growing population. The need to provide a reliable connection to electricity is a major issue in many African countries, where power outages are frequent.

Nuclear projects and hydroelectric projects are the next highest value projects, with $157bn and $153.2bn respectively. Egypt leads in nuclear projects and Ethiopia leads in hydroelectric projects.

Egypt and Nigeria account for the highest value projects, the El Dabaa Nuclear Power Plant and the Nassarawa State Solar Power Development, both with a value of $30bn.