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Gerard Reid is is focused on assisting people and organizations in the energy and mobility areas who are struggling to understand and come to terms with unpredictable and rapid change going on...

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  • Jun 15, 2020
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Why does the International Energy Agency (IEA) continue to assume that nuclear energy has the same cost of capital as wind energy and solar energy? And why do they assume costs of capital for wind and solar which are at least twice what they are in reality? Garbage in, garbage out!

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Matt Chester's picture
Matt Chester on Jun 15, 2020

Why does the International Energy Agency (IEA) continue to assume that nuclear energy has the same cost of capital as wind energy and solar energy? And why do they assume costs of capital for wind and solar which are at least twice what they are in reality?

Could you share some reading material that shows the costs that you think are more reflective of realty, for those curious?

Bob Meinetz's picture
Bob Meinetz on Jun 15, 2020

"Why does the International Energy Agency (IEA) continue to assume that nuclear energy has the same cost of capital as wind energy and solar energy?"

Gerard, there's no mention of IEA's assumed cost of capital for nuclear energy at your link. What's your source?

If that's IEA's assumption, it is indeed misplaced. New nuclear capacity can be added by uprating existing plants for $1.1 million per megawatt - with capacity factor, 1/12 the cost of new grid-scale solar (Topaz).

Extended Power Uprate Is a Winning Strategy for Nuclear Plant

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