nuclear-news

The remnant nuclear fans say we should learn from what the UAE has done with reactors; guess they don’t want the world to learn also from what they have done since with renewables:

1,000% Renewables for South Australia

tpsrSooned40thiel7 ti58Y670894ar4g h:71ly701dse7a 4l9iM9Aff7  ·

The United Arab Emirates tried nuclear, but like most others also faced years of delay – to 15 years in total – and cost overruns (to US$32 billion of government money) to build just 5.6GW of capacity.

It has since gone back to renewables; this is one of their solar farms and is the world’s largest single-site solar plant at 2GW, producing enough energy to power 200,000 homes.

How long did it take? – just 2.5 years.

How long will it run? – 30 years (vs the typical 28 years nuclear reactors have lasted for so far).

How much did it cost? – it has broken records on cost, with the initial project tariff set at AED 4.97 fils/kWh (US$1.35/kWh) before being revised down to AED 0.0485/kWh (US$0.0132/kWh) at financial close (vs US$0.113/kWh for nuclear (Hinkley C)).

Who paid for it? – no taxpayers’ money; 7 international banks provided financing, and upon completion and commercial operations in 2022, TAQA own 40% of the project, while Masdar, EDF Renewables, and JinkoPower will each own a 20% stake.

And who was one of the major contractors? – none other than France’s struggling nuclear company EDF who is diversifying to renewables, given that is where the big money and growth is now.

January 18, 2025 - Posted by Christina Macpherson | Uncategorized