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Cake day: June 11th, 2023

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  • His figures are ridiculously optimistic for nuclear, $6000/kW and 6 year construction times.
    Flamanville-3 and Olkiluoto-3 were both 12 years over their 5 year construction schedules. They were supposed to cost €3.3B and €3B respectively for 1650MW. Flamanville is expected to end up somewhere over €20B (€12000/kW), and Olkiluoto is somewhere around €11B, only due to ‘not to exceed’ limits in the supply contracts.

    Hinkley Point C has gone from £16B to near enough £30B for 3200MW (£9400/kW)

    It was the same with Vogtle 3 & 4. The preliminary budget of $12B, was changed initially to $14B at the start of construction. It’s now somewhere around $30B and 7 years late. The two AP1000s have a combined output of 2200MW ($13000/kW).
    V.C.Summer 2 & 3 was a similar pair of AP1000s. Costs went from $9B to $23B when the project was cancelled mid-construction.

    Wind and solar are far faster to deploy, and typically on or near budget. The new, much cheaper redox flow batteries (100 MW/400 MWh for $266M Dalian, China) are capable of smoothing intermittency in areas without hydro, which can perform a similar function.

    Edit. I should add that as of 2021, the global average for onshore wind is roughly $1300/kW. Prices continue to fall as new designs are introduced.