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mohawk | 9 years ago

I'm happy to hear uranium will last for a long time, gives us a good alternative if the sun ever stopped shining (e.g. massive volcano or asteroid). But it doesn't really change the economics.

China's newly installed solar capacity in 2016 was 34 GW and growing fast, they currently have 20 nuclear reactors under construction with a capacity of 20GW. So solar is quickly outpacing nuclear even in China, and the trend is in solar's favor.

The only saving grace that nuclear has at the moment is the lack of massive battery capacity. Electric cars are quickly changing that, and then it will be game over for nuclear.

I think that potential investors of nuclear reactors see this trend now as well, which is why interest in building new nuclear reactors in market-based economies is quickly fading (of course it depends on latitude at which point in time solar/wind dominance is reached). Quite substantial cost overruns are also typical for nuclear power plants, but rare for solar/wind.

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