alt Hacker NewsRenewables crash the money making potential of nuclear power. Why should someone buy ~18-24 cents/kWh new built nuclear power excluding backup, transmission costs, taxes, final waste deposit etc. when cheap renewables deliver?
https://oilprice.com/Alternative-Energy/Renewable-Energy/Wha...
China is barely building nuclear power, in terms of their grid size. It peaked at 4.6% in 2021, now down to 4.3%.
Compared to their renewable buildout the nuclear scheme is a token gesture to keep a nuclear industry alive if it would somehow end up delivering cheap electricity.
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Again they aren't the same product. Everyone always thinks power is only about $/kwh especially in hackernews. That is a strong proponent of the product but most definitely not all of it. Solar just does not work for large scale industrial uses cases (99.99% uptime). Even with massive energy storage to try and cover the edges. Its a great combo but not comparable.
nuclear provides for about 4-5ct/kwh if built cheap, everything included, looking at swiss data. Chinese units are built for 2.5bn/unit, so probably even cheaper than that. But yes, china is far from what france or sweden did with nuclear per capita