I think the high end estimate of nuclear cost is too high.
If we use the levelised cost calculator of the NREL and use the most expensive nuclear project being built today in Europe, Olkiluoto @ 6 dollars/Watt and the projected 92% capacity factor, using the same 10% interest and a high estimate for O&M costs (100 dollars/kw-year), and a conservative 40 year financing period (plant will likely last longer) this gives me 9 cents per kWh.
http://www.nrel.gov/analysis/tech_lcoe.html
Clearly 13 cents per kWh requires massive cost overruns beyond even the most expensive project being built today.
I think the high end estimate of nuclear cost is too high.
ReplyDeleteIf we use the levelised cost calculator of the NREL and use the most expensive nuclear project being built today in Europe, Olkiluoto @ 6 dollars/Watt and the projected 92% capacity factor, using the same 10% interest and a high estimate for O&M costs (100 dollars/kw-year), and a conservative 40 year financing period (plant will likely last longer) this gives me 9 cents per kWh.
http://www.nrel.gov/analysis/tech_lcoe.html
Clearly 13 cents per kWh requires massive cost overruns beyond even the most expensive project being built today.
Cheers, Cyril
Cyril, the IEA probably fudged.
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