> A least-cost combination of all the technologies has also been identified (shown in Fig. 3 as Least Cost Mix). Under the IEA/WEO 2023 cost assumptions, the le

> A least-cost combination of all the technologies has also been identified (shown in Fig. 3 as Least Cost Mix). Under the IEA/WEO 2023 cost assumptions, the least-cost solution comprises a combination of offshore wind power (66%), solar PV (8%) and CCGT (26%). Onshore wind power cannot compete with offshore wind power, and nuclear power cannot compete with any of the other technologies. This is due to the relatively low offshore and high onshore wind power cost assumptions in WEO 2023. As we shall see later, onshore wind power comes into the least-cost mix when using WEO 2024 or any of the two DEA cost assumptions. ... > At the case level, we find that in countries such as Denmark with available wind and solar energy resources, nuclear power does not seem to be part of the least-cost solution, neither in today's energy systems nor in future systems of climate neutral societies. This conclusion is valid for the present cost of nuclear power in Europe as well as for IEA/WEO future expectations. The future overnight cost for nuclear power of 4500 EUR/MW in 2050 represents the so-called “nth-of-a-kind” cost for new reactor designs, with assumed substantial cost reductions from the first-of-a-kind projects, while this violates the historical experience of nuclear power technology.