I won't ask you what impact you think that has on, say, steelmaking, because I've lived it. I've picked the tenders and the Euro steel was not competitive with Chinese steel if it was free, due to uncertainty in delivery date.
China spent approx 2x Hinkley Point on nuclear. It has 30 GW of capacity in return. That works in winter. I would do nasty things to get that for my country.
(1) Naturally, French nuclear is literally not allowed to access this price, and must sell at 45. Because FREE MARKET.
As an actual counterpoint, please consider this recent study by Fraunhofer ISE [1], which provides average generation costs for various types of power plants. Even with current battery prices, large scale PV plants supported by battery systems are significantly cheaper than coal, gas and nuclear plants -- and this advantage is expected to increase with falling prices of both battery storage and PV systems.
[1] https://www.ise.fraunhofer.de/en/press-media/press-releases/...
https://weatherspark.com/d/148124/12/22/Average-Weather-on-D...
I'm all in favor of solar and wind power. But they need batteries to be useful around the clock. The batteries are $100 / kWh, and this number dwarfs the cost of solar installations proper.
Regenerative energy already surpassed all other means of energy production in 2024: https://www.bdew.de/media/documents/2024_12_18_Die_Energieve...
Battery prices are declining for some time now: https://www.bloomberg.com/news/articles/2024-12-10/electric-...
And even larger storage capabilities are built: https://standort-sachsen.de/de/aktuelles/news/detail/n1474-g...
(I am actually working for a grid operator)
If you're working for a grid operator tell me how many TWh you need to sustain a 1-in-20 - A 1-in-goddamn-20 - dunkelflaute in a single large European nation, multiplied by cost of storage. Not the "decline", the absolute cost, and what percentage of GDP it would be. Compare and contrast to military expenditure at a time of near-war.
I also know these numbers.