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Re:It can make more sense to build new renewable capacity th... by bjourne on Thursday November 07, 2019 @10:01PM (#21479651)
Almost all recent cost studies put the cost of wind and solar far below the cost of new nuclear power. See f.e:

"The cost of generating solar power ranges from $36 to $44 per megawatt hour (MWh), the WNISR said, while onshore wind power comes in at $29–$56 per MWh. Nuclear energy costs between $112 and $189."

https://www.reuters.com/article/us-energy-nuclearpower/nucle...

"Onshore generation costs, at the upper bound installed cost of $2,000/kW, vary from $101/MWh at 6m/s, down to $55/MWh at 9m/s.

At the median cost of $1,600/kW, the corresponding figures are $80/MWh and $44/MWh.

At the lower-bound installed cost of $1,200/kW and a wind speed of 6m/s, the generation cost is $59/MWh, falling to $38/MWh at 8m/s.

... Apart from gas, wind now has no other competitor among fossil-fuel sources. There have been no new nuclear developments, leaving the UK price for its Hinkley Point C power station as a benchmark, at around $130/MWh in 2017 money."

https://www.windpowermonthly.com/article/1455361/tipping-poi...

"According to the US Energy Information Agency, the average nuclear power generating cost is about $100 per megawatt-hour. Compare this with $50 per megawatt-hour for solar and $30 to $40 per megawatt-hour for onshore wind."

https://thebulletin.org/2019/08/the-false-promise-of-nuclear...

See also: https://www.lazard.com/media/450784/lazards-levelized-cost-o... and https://www.eia.gov/outlooks/aeo/pdf/electricity_generation..... In the last report the cost for advanced nuclear is estimated to between $75.1 - $81.2/mWh and to $38.9 - $72.9/mwH for onshore wind.

Re:It can make more sense to build new renewable capacity th... by pyrale on Friday November 08, 2019 @02:41AM (#21480571)
Are your numbers factoring the cost of building energy storage, or a plant using a pilotable energy ?
Re:It can make more sense to build new renewable capacity th... by NeedMoreTea on Thursday November 07, 2019 @10:45PM (#21479809)
It's typical HN that the top comment is both wildly incorrect and completely uncited. So thanks for providing some necessary context.

Worth adding that after this year's round of UK offshore auctions, wind power comes in cheaper than new gas and under a quarter of heavily subsidised nuclear. Despite subsidy and six proposed plants, the only certain remaining nuclear is Hinkley C. Five of the others have had participants withdraw, go bankrupt in one case (Moorside under Westinghouse-Toshiba), and the final remaining UK proposed nuclear - Sizewell C looks increasingly unlikely. Depends on the package and strike prices I suspect as it's an exact copy of Hinkley. EDF (behind Bradwell B, Hinkley and Sizewell using a Chinese reactor design) are busy accumulating a Shenzen style reputation for worker conditions and suicides at Hinkley. Even the majority right wing UK media has noticed enough to report conditions.

The next auction round of offshore wind licences should see it easily come in under existing gas.