France tried it. Now their nuclear operator is €50 billion in the negatives, makes about €3 billion per year in profits and has to invest about €150 billion in new reactors, upgrades, refits and infrastructure.
Nuclear is just not worth the hassle.
France tried it. Now their nuclear operator is €50 billion in the negatives, makes about €3 billion per year in profits and has to invest about €150 billion in new reactors, upgrades, refits and infrastructure.
Nuclear is just not worth the hassle.
despite 70 years of tinkering and trying it hasn't managed to make a noticeable dent in fossil fuel
Except for France which came up with the clever strategy of "not banning it", but that was apparently a mistake and they should have just used fossil fuels?
Now their nuclear operator is €50 billion in the negatives
€50 billion for several decades of clean energy seems like a pretty good deal.
Wind and PV build up much faster, are orders of magnitudes less complex and provide cheaper electricity.
There is just no reason to build nuclear.
> €50 billion for several decades of clean energy seems like a pretty good deal.
No, that €50 billion is just what EDF is in the reds. The actual cost is much, much higher, of course. French citizens still have to pay for their electricity, after all.
"No, that €50 billion is just what EDF is in the reds. The actual cost is much, much higher, of course. French citizens still have to pay for their electricity, after all." - french households have lower prices vs german ones per Eurostat too
I guess that's the reason that they went for renewables for capacity expansion - it's much cheaper to build and operate renewables rather than nuclear.
Germany is about to spend over 600bn for grid expansion till 2045 and EEG subsidies for the next 10 years will too, be about 200bn (if not cancelled by govt which is unlikely unless AFD is elected)
France downscaled ren deployment plans while pushing for 6 new EPR2's + another 8 if there aren't major delays.
So not only France needs to spend/subsidize less in this period - it'll also still have cleaner grid and lower household prices than Germany in parallel
Well, we'll see, I guess.
Yes, Germany is going to spend about €600 billion in infrastructure. That has more to do with electrification than renewables - France too need another €250 billion for grid upgrades until 2045.
As for the "6+8" program - EDF still hasn't produced an official cost estimation for the for the full fleet and the original estimate for the first six (€52 billion) is has already been pushed upward to €72.8 billion.
Electricity prices in France have for a long time been a political matter, not market decision. That's a different approach than that of Germany, so the two really cannot be compared.
If fossil fuel weren't massively subsided (impact the environment for free, wars with taxpayer money), Nuclear would have made a massive dent.
Producing the same with other sources will have a massive immediate impact on the land / environment.
(using estimates for Chernobyl --- so, in coal's advantage, as Chernobyl's confirmed deaths are actually very low)