Re:France to Build Six New Nuclear Reactors
by epistasis on Friday February 11, 2022 @12:48AM
(#30297547)
Finance is not free, there is always opportunity cost.
Re:France to Build Six New Nuclear Reactors
by tim333 on Friday February 11, 2022 @08:17AM
(#30301075)
Interest rates are very low still though. Governments can borrow at nearer to 1% than 10%.
Re:France to Build Six New Nuclear Reactors
by epistasis on Friday February 11, 2022 @12:13PM
(#30303961)
But that money could also be applied in other areas of the economy, that might have far better payback. And with France's current track record of nuclear construction, throwing more money at nuclear without fixing the fundamental problems first is serious misallocation of capital.
Just the latest news that is the same as the last decade of bad news:
> EDF now estimates the total cost of the project at 12.7 billion euros ($14.42 billion). Its expected cost has more than quadrupled from the first estimate made in 2004.
https://www.reuters.com/business/energy/edf-announces-new-de...
$15B of lithium ion battery factory would have far far greater carbon impact, dollar for dollar. $1B on early stage startups would similarly be more impactful.
Re:France to Build Six New Nuclear Reactors
by natmaka on Friday February 11, 2022 @02:30PM
(#30305969)
The total cost (to date, as it isn't yet delivered) of the EPR was mid-2020 established by the "Cour des comptes" (Court of Audit) at 19,1 billions euros.
A recent official announcement added 300 millions euros.
French: https://www.lemonde.fr/les-decodeurs/article/2019/06/24/epr-...
Re:France to Build Six New Nuclear Reactors
by seanmcdirmid on Thursday February 10, 2022 @10:01PM
(#30296342)
Also insurance. All plants in the USA are insured by the government, I'm sure the same is true in France as well.
If France finances these new power plants, financing cost goes virtually to zero. So even if actually building the new reactors cost the same (unlikely, I hope they learnt a thing or two over the last 10 years...) they will end up a lot cheaper than Hinkley Point.