3 ms·

>Budgeted at €550 million, and completed at a cost of €600m Amazing.

• pjc50 1y ago
  That's pretty good! Just a 10% overrun. By comparison, Hinkley Point C is now at "up to" £46bn from an initial £18bn. https://www.bbc.co.uk/news/business-68073279 https://www.bbc.co.uk/news/business-68073279
  • jillesvangurp 1y ago
    Which is a fair comparison because 700MW is a smallish nuclear reactor and that cable should last a long time.
  • kragen 1y ago
    It's good in its adherence to the budget (almost) and maybe its absolute price: €600M for 700MW is €0.86 per watt. That might sound terrible when compared to current mainstream solar panel wholesale prices of €0.11/Wp, but solar plants in the Netherlands have a capacity factor of only about 10% IIRC, so that is €1.10 per average watt, not counting balance of plant, permitting, etc. The cable may not run at a 100% capacity factor but it'll probably be over 50%. Still, if module prices continue falling, even at poor capacity factors lime 10%, it'll be increasingly hard to justify paying such high prices to move energy around the continent; local overprovisioning and storage will be cheaper even if Norway is willing to produce the energy for free.