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As it is, the rising interest rate regime of the past two years has already completely killed off two major windfarm projects on the US Eastern seaboard. That a
by neglesaks 3y ago
As it is, the rising interest rate regime of the past two years has already completely killed off two major windfarm projects on the US Eastern seaboard. That aside, the fact remains that the "expensive nuclear power" meme is based on cherrypicking the worst cases of cost-overruns in the industry and holding them as generally representative for nuclear industry and technology, while wholly ignoring the effective steps forward taken by Korea, China, the UAE and do on.
Also, this assumes dollar cost is the only relevant factor which is deeply unserious considering that we're dealing with a global long-term issue.
- cinntaile 3y agoRising interest rates also make other large infrastructure projects dead on arrival. Large onshore windfarms are probably ok (although a few of those probably got killed as well), but offshore is a bigger risk so I am not surprised. It's a bit strange to rally against cherry-picking and then referring to projects outside of relevant jurisdictions. For some reason we cannot replicate their results, we can have it as a goal perhaps but as a basis for a cost calculation I would opt for jurisdictions that are home or close to home (in a cultural sense). > Also, this assumes dollar cost is the only relevant factor which is deeply unserious considering that we're dealing with a global long-term issue. For investors it is the only relevant factor, which is what you initially replied to.