this post was submitted on 22 Aug 2023
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Nuclear power is also very sensitive to the interest rate environment due to the very high upfront costs and financing. It's probably an even bigger difference in favor of renewables now.
This is why we need SMRs and probably government funding as well. It's hard to run a grid without base load power.
Also very prone to spikes in fuel cost or huge extras costs associated with a leak or disaster plus extra security costs in emergencies. Solar is decentralised, robust, and easy to repair or clean away even if bombed or hit by a natural disaster.
It's got huge draw backs for people who don't plan for the future and huge drawbacks for those that do - it's really not looking like a choice many people are going to be make, especially when so many big solar projects have already paid for themselves while nuclear projects started at the same time haven't even broken ground yet.