2 ms·

That's comparing apples to oranges. In reality, a significant fraction of the cost comes from interest. Sure, the 1-month LIBOR rates may be 0.1% nowadays, but

by crote 5y ago

That's comparing apples to oranges. In reality, a significant fraction of the cost comes from interest. Sure, the 1-month LIBOR rates may be 0.1% nowadays, but construction started in 2005. The 10-year treasury rate in 2005 was closer to 5%. Nobody would be willing to lend money for the construction of a plant like this for anything less.

fuoqi 5y ago
This is why I wrote that realistically it will be closer to 15-20 years. There are other factors which are not considered in my simplistic calculation.
doikor 5y ago
The few numbers for the loans that have been public have been somewhere between 2 and 3%