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Why Germany ditched nuclear before coal—and why it won’t go back
(arstechnica.com)
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this post was submitted on 28 Apr 2024
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Nuclear is also very expensive and takes a long time to build. Meanwhile the cost of solar reduced by almost 90% in the last decade.
And because it's politically controversial, you can expect delays of many, many years for new builds in most democracies. Which is precisely why conservatives have been pushing it, because it allows coal and gas to dominate for a bit longer.
The high cost also means that it'll take away funds that could have otherwise been used on much cheaper renewables. Nuclear energy is a terrible deal.
Nuclear is only expensive and slow to build if you're building reactors from 1960-s.
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.