191
Sweden adopts new fossil-free target, making way for nuclear
(www.power-technology.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 25 Jun 2023
191 points (100.0% liked)
World News
22057 readers
149 users here now
Breaking news from around the world.
News that is American but has an international facet may also be posted here.
Guidelines for submissions:
- Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
- Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
- Do not post ragebait or shock stories. These will be removed.
- Do not post tabloid or blogspam stories. These will be removed.
- Social media should be a source of last resort.
These guidelines will be enforced on a know-it-when-I-see-it basis.
For US News, see the US News community.
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
Or, now hear me out, people actually know the history of the most recent projects and are reacting based on information.
Olkiluoto-3 was supposed to cost €3B, and ended up being approximately €11B.
Flamanville-3 was supposed to cost €3.3B and will likely end up costing in excess of €20B.
Hinkley Point C was supposed to cost £16B, but will likely end up about £27B.
It's the same in the US:
V.C. Summer 2&3 was supposed to be $9B, but was cancelled while under construction, once total costs were projected to hit $23B.
Vogtle 3&4 was supposed to be $12B, but is currently in the $30B range.
These projects ended up being up to 12 years behind schedule. And that was in a low interest rate era. With higher interest rates, these kinds of schedule overruns will be devastating.
As it was, Framatom (Areva) and Électricité de France needed government bailouts and EdF is being re-nationalized by the French government due to the sad shape of its finances. Westinghouse ended up in creditor protection due to the fallout from the V.C. Summer project, and was sold off by parent company Toshiba.