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Nuclear war between super funds : Comments
By Jim Green, published 11/7/2019Even at 30% penetration, the high estimate for nuclear (US$192 / megawatt-hour (MWh)) is far higher than the high estimates for coal ($144), solar PV ($88), onshore wind ($84), and gas ($75).
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The likely first SMR NuScale say they can sell power for $US60 per Mwh. They can also load follow to some extent thus eliminate the need for the expensive gas balancing of wind and solar. In California as PV declines in the afternoon they have to ramp up 13 GW of mostly gas fired power. That should really be factored into the cost of renewables. The NuScale pack of 12 modules may sell for about $US5 bn for 720 MW or about $7/w capacity.
Then there is the vexing question why do we still have coal if wind and solar are so cheap. Why hasn't Germany reduced emissions for a decade despite $25bn a year in renewables subsidies? Why does French electricity have 50 grams of CO2 per average kwh and Australia has 820?