There’s various nuclear reactors that have been built in Europe in the last 10-20 years. They’ve all gone crazily over budget. Yet every time the answer is that it was the wrong technology and other excuses. Nuclear is NOT cheap.
Because of the large initial capital cost the time until it breaks even is also quite long. You’d better hope that solars cost reduction trend stops pretty soon because on top of the construction time it’s going to take you 10 to 18 years to break even. If you’re out priced before then you now have a very expensive stranded asset.
There’s various nuclear reactors that have been built in Europe in the last 10-20 years. They’ve all gone crazily over budget. Yet every time the answer is that it was the wrong technology and other excuses. Nuclear is NOT cheap.
Because of the large initial capital cost the time until it breaks even is also quite long. You’d better hope that solars cost reduction trend stops pretty soon because on top of the construction time it’s going to take you 10 to 18 years to break even. If you’re out priced before then you now have a very expensive stranded asset.