There's also the aspect of "how much sun is there?"
https://en.wikipedia.org/wiki/Solar_energy_in_Finland
There are a number of issues with photovoltaic solar cells that close to the Arctic Circle.
What they need up there is a way to generate electricity from darkness.
Nuclear takes longer, is more expensive, has lower ROI, and higher risks. Solar has a lower capacity factor, but having 1/3 the availability at 1/15th the cost is a net win. Especially as we need vastly more power in the daytime and idling Nuclear is really expensive.
Currently 3% of global electricity comes from Solar and 16% from hydro with Nuclear only proving 10%. Scaling Nuclear to a significantly on a global scale take not just massive construction and new regulations, but also training etc, we simply don’t have the time.
“Nuclear Energy consuming roughly 400 gallons of water per megawatt-hour, 320 billion gallons of water were consumed by United States nuclear power plant electricity generation in 2015.” And that’s direct consumption in cooling towers, nuclear indirectly uses power in other ways.
By comparison the 550-megawatt Desert Sunlight project in Riverside County estimated 2/3 cup of water per megawatt hour.
The notion that nuclear power is going to significant affect water supplies is without merit.
1. http://large.stanford.edu/courses/2017/ph241/styles2/#:~:tex....
2. http://large.stanford.edu/courses/2017/ph241/styles2/images/...
3. https://en.wikipedia.org/wiki/Palo_Verde_Nuclear_Generating_...
However, wastewater is just water. Look at a long river and towns upstream dump their wastewater into rivers that towns and cities downstream collect as municipal water.
1. https://www.statista.com/statistics/494425/death-rate-worldw...
Which is misleading in several ways, both because it ignores the majority of solar power and ignores how safe that power will be over time.
Does this include the higher security needs around nuclear facilities?
I left out the construction costs, the Arkwright Summit farm, $125 million.
The Solar Star project was $2 billion.
This Finnish Nuclear site appears to have cost $12 billion.
That makes wind look really good, and solar at least on the same order (and still safer).
The other thing is the land. Solar and wind each need a substantial % of landmass to have 100% of our power come from those sources.
The ongoing costs of running nuclear are also way higher than solar or wind, which matters.
Significant public investment in wind energy announced to start construction in... 2026. That is a glacial pace in the face of an ecological and geopolitical crisis situation.
Reliability comes from solar and wind power redundancy and geographic distribution. If your collection area is over a few thousand square kilometres it is very rare for there to be no wind and no sun. Make it a few tens of thousand square kms (which modern high voltage transmission achieves) and your reliability is higher than coal.
That there is North Sea wind power, howsoever intermittent, is a pure good. Tying it into a larger network makes it better. The solution to local deficits is more localities.
Transmission lines are not expensive at all compared to nuclear power. This nuclear plant cost $12B and it is a cheap one!
Compare that to the SunCable is budgetted at $14B, (AU $20B in the article = US$20B) which is an undersea(!) HVAC cable all the way from Australia to Singapore (3,800km!) AND a 3GW(!) solar farm[1].
By comparison, the distance from Spain to Scotland is 2400km. And when the wind stopped in the North Sea, Spain was setting records in terms of the amount of power generated from wind farms[2]
[1] https://www.intelligentliving.co/australian-undersea-sun-cab...
[2] https://www.evwind.es/2021/12/03/27-8-of-electricity-came-fr...
It does insofar as it matters for capital. Who wants to invest in a plant that will take at least ten years (but probably more with cost overruns in the billions) before they see a ROI? Especially when the cost per MWH from a renewable project that will be online in 2 years with less risk is already comparable if not more competitive.
you gotta compare like-for-like. If the solar project that takes 2 years only provide power half the time, then you need double the size to provide the same amortized level of power at night. You also need some form of storage. And that's if you don't have a spate of bad weather preventing it from working - so to amortize that problem you'd need to build yet larger...
To answer more directly though, yeah the power is the same cost. Perhaps when renewable penetration into the energy market is saturated, there will be a greater demand for base load at all those times renewables aren't producing at peak, and that will be reflected in those nuclear MWHs becoming very profitable even at a higher unit cost.
It's mostly (>60%) a mix of solar and wind power, with some gas that fills in the gaps - as well as batteries for grid stability. Still importing some coal power from interstate, but that is decreasing too.
The investment has been incremental - so much smaller amounts, with much less risk and therefor more attractive to investors.
A large part of this (since 2018) has been done by a conservative state government, who have been highly supportive of the renewable transition.
https://theconversation.com/against-the-odds-south-australia...
I would absolutely never invest in a nuclear project but I sure am glad they are there to keep the lights on when the weather doesn’t cooperate for wind and solar.
A mix of different sources is the key to a robust grid, and nuclear is a great part of that mix.
As a side note on British Columbia site C 1000 MW a hydro dam is currently looking like it will cost 16 billion and take about 10 years to build, those numbers could easily be for a nuclear plant.
Markets are interesting for economic dispatch based on marginal cost, but then real world constraints such as rivers that must flow and a lack of infinite transmission capacity in all directions kick in and it starts to look a lot like what it replaced. I guess it works where it works
Who wants to invest in a plant that will take at least ten years
This points out one of the sad flaws of the human race and ultimately, it's probably the one that will lead to our downfall.We're absolute crap at thinking long-term.
Look at you, talking about ten years as if it's eons. You're not wrong, of course! Capital doesn't like to invest in projects ten+ years before ROI.
But ten years is not a long time. We should be thinking about many, many things at least ten years in the future. Hell, forget ten years. We should be plotting our energy strategy with an eye to the next hundreds of years.
Of course, we won't, because we're humans and we really struggle to think past next week. And those of us in democracies have designed a system that literally punishes politicians for thinking beyond the next election cycle.
Who in 2000 would have guessed solar and wind would be radically cheaper than coal? No 100-year plan would have mentioned them.
If small-scale hydrogen-boron aneutronic fusion becomes unexpectedly practical in 20 years, all the other plans go out the window.
The worst case of nuclear, it is worse than the worst case of solar/wind. So even if it were rational for humanity, it might not be rational for a country.
I'm having trouble picturing how it is safer than solar though.
https://www.nextbigfuture.com/2008/03/deaths-per-twh-for-all...
Nuke fuel cost is huge compared to operating cost of solar and wind.