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Extremely expensive because it is extremely expensive. The few projects in the west which get off the ground generally have: 1. Credit guarantees 2. Guaranteed
by ViewTrick1002 1y ago
Extremely expensive because it is extremely expensive. The few projects in the west which get off the ground generally have:
1. Credit guarantees
2. Guaranteed extremely high electricity prices for ~40 years.
3. Direct subsides like zero interest loans
4. Subsidized accident insurance (the state takes all risk)
For example, in the UK they realized after Hinklkey Point C locking in extremely expensive electricity for 35 years that it telling the public how expensive it is was not a good political choice.
Therefore Sizewell C they instead foist the costs as a cost-plus contract on the ratepayers as the plant get built.
Pure insanity.