3 ms·
World Nuclear News has a breakdown of the full project budget: https://www.world-nuclear-news.org/articles/what-is-the-budget-for-canadas-first-smr-project htt
by philipkglass 1y ago
World Nuclear News has a breakdown of the full project budget:
https://www.world-nuclear-news.org/articles/what-is-the-budget-for-canadas-first-smr-project https://www.world-nuclear-news.org/articles/what-is-the-budg...
If it delivers on time and within budget, the final generated cost per kilowatt hour will a bit lower than wind/solar + battery storage.
OPG will be recouping the cost of the unit(s) from customers' bills over the 60-year generating life of the units and says the projected cost of about 14.9 cents per kWh would be comparable with alternative renewable energy sources. OPG points to Ontario’s Independent Electricity System Operator evaluating the new nuclear project against viable non-emitting alternatives which found that replacing the project with wind, solar, and battery storage would require 5,600 to 8,900 MW of capacity at a cost of 13.5–18.4 cents per kWh compared with the 14.9 cents.
The best Canadian solar and wind resources aren't as good the best available in the continental United States, so that probably helps the project to compete with renewable options. The big question is if this nuclear project will deliver on time and within budget when so many have been late and over budget.