alt Hacker NewsBecause nuclear. Which is a great 20th century French achievement !
If the EPR2 doesn’t spiral into costing £17.5bn per unit as the UK-PWR has, perhaps we can get them in to “rustle me up a nuclear power station” or two, in the words of Tony Blair.
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The subsidies for the EPR2 fleet is a 10 euro cents per kWh CFD and interest free loans. With the first reactor coming online in 2038 at the earliest.
That sums up towards 20 cents per kWh in total.
It’s an absolutely horrifyingly expensive boondoggle before they have even started, and it won’t deliver any electricity in the relevant timeframes for electrifying industry and society.
On top of this EDF is already crying about renewables cratering the earning potential and increasing maintenance costs for their existing paid off nuclear fleet. Let alone new builds.
And that is France which has been extremely protectionistic shielding their nuclear fleet from renewable competition, and even then its already leaking in on pure economics.
https://youtu.be/Gq-l07XmQVc
Just needs a bit of "4be2be4be2be", we can do that!