Following the Fukushima accident and consequent pause in approvals for new plants, the target adopted by the State Council in October 2012 became 60 GWe by 2020, with 30 GWe under construction. In 2015 the target for nuclear capacity on line in 2030 was 150 GWe, providing almost 10% of electricity, and 240 GWe in 2050 providing 15%.
However, from 2016 to 2018 there was a further hiatus in the new build programme, with no new approvals for at least two years, causing the programme to slow sharply. Delays in the Chinese builds of AP1000 and EPR reactors, together with the bankruptcy in the U.S. of Westinghouse, the designer of the AP1000, have created uncertainties about the future direction. Also some regions of China now have excess generation capacity, and it has become less certain to what extent electricity prices can economically sustain nuclear new build while the Chinese government is gradually liberalising the generation sector.
b. Nuclear power is not economically feasible with updated numbers, as evidenced by lazard’s data, for new plants.
I think a reasonable conclusion would be that nuclear has no future. If you disagree,
a. Where are you getting your evidence from? Please link.
b. What reasoning do you use? If the cost of electricity is higher for nuclear, what is going to justify it? National governments can fund inefficient projects but even inefficient governments have limits on what they are willing to throw away (versus a cheaper option on the market) and they have to have a vendor to buy from to buy the reactors.
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From wikipedia:
Following the Fukushima accident and consequent pause in approvals for new plants, the target adopted by the State Council in October 2012 became 60 GWe by 2020, with 30 GWe under construction. In 2015 the target for nuclear capacity on line in 2030 was 150 GWe, providing almost 10% of electricity, and 240 GWe in 2050 providing 15%.
However, from 2016 to 2018 there was a further hiatus in the new build programme, with no new approvals for at least two years, causing the programme to slow sharply. Delays in the Chinese builds of AP1000 and EPR reactors, together with the bankruptcy in the U.S. of Westinghouse, the designer of the AP1000, have created uncertainties about the future direction. Also some regions of China now have excess generation capacity, and it has become less certain to what extent electricity prices can economically sustain nuclear new build while the Chinese government is gradually liberalising the generation sector.
Bolding added by me. Please view this chart here : https://www.lazard.com/perspective/levelized-cost-of-energy-and-levelized-cost-of-storage-2020/
Based upon the evidence that
a. China is greatly slowing their plans
b. Nuclear power is not economically feasible with updated numbers, as evidenced by lazard’s data, for new plants.
I think a reasonable conclusion would be that nuclear has no future. If you disagree,
a. Where are you getting your evidence from? Please link.
b. What reasoning do you use? If the cost of electricity is higher for nuclear, what is going to justify it? National governments can fund inefficient projects but even inefficient governments have limits on what they are willing to throw away (versus a cheaper option on the market) and they have to have a vendor to buy from to buy the reactors.