Nuclear power is losing ground to renewables in terms of both cost and capacity as its reactors are increasingly seen as less economical and slower to reverse carbon emissions, according to the World Nuclear Industry Status Report. The report estimates that since 2009 the average construction time for reactors worldwide was just under 10 years, well above the estimate given by industry body the World Nuclear Association (WNA) of between 5 and 8.5 years. The extra time that nuclear plants take to build has major implications for climate goals, as existing fossil-fueled plants continue to emit CO2 while awaiting substitution. Nuclear is also much more expensive. The cost of generating solar power ranges from $36 to $44 per megawatt hour (MWh), the WNISR said, while onshore wind power comes in at $29–$56 per MWh. Nuclear energy costs between $112 and $189. Over the past decade, the WNISR estimates levelized costs – which compare the total lifetime cost of building and running a plant to lifetime output – for utility-scale solar have dropped by 88% and for wind by 69%. For nuclear, they have increased by 23%, it said.
Reuters 24th Sept 2019 read more »
The Global Launch of the World Nuclear Industry Status Report 2019 (WNISR2019) is taking place on 24 September 2019 at the Central European University (CEU) in Budapest. The event is opened by CEU President and Rector Michael Ignatieff. Comments are provided by CEU Professor and senior member of the Intergovernmental Panel on Climate Change (IPCC) Diana Ürge-Vorsatz—who also provided the Foreword to the report—and former Member of the European Parliament Benedek Javor.
World Nuclear Industry Status Report 2019 read more »