Sweden's parliament on Tuesday (20 June) adopted a new energy target, giving the right-wing government the green light to push forward with plans to build new nuclear plants in a country that voted 40 years ago to phase out atomic power.
Olkiluoto-3 Started construction in 2005, was supposed to be in service by 2009. It entered service this past year, somewhere around €7B over budget. It would have been more but for specific liability clauses in the contracts.
Flammanville-3 started construction in 2007, was supposed to be in service by 2012. Currently, they’re predicting that it might come online in 2024. Initial estimate of €3,3B has bloated to €20B, for only a single 1660MW EPR.
Hinckley Point C is already £10B over budget and years late, currently estimate in-service date is 2027.
It’s no different in North America, with V.C Summer 2&3 project being cancelled while under construction, when the budget bloated from $9B to $23B. Vogtle 3&4 went from $12B initially to $14B, then to somewhere around $30B.
Nuke supporters love the “Green” strawman. The reality is the utilities wouldn’t touch one with a ten ft pole if they have any alternatives at all, and it’s strictly due to the economics.
Sweden has a solid base of existing nukes and hydro. The buildout of wind/solar even geothermal would be far faster and cheaper than additional nukes.
When you factor in that a nuclear project will face additional hurdles, you get an idea why every reactor build these days is over budget.
Because that initial budget was the back of the napkin calculation before any site surveys or permitting or anything else, because in order to get the permits for those site surveys and such, you need an initial budget.
The press then reports these napkin numbers as if they were the final budget.
As another note here, nuclear projects tend to face massive regulatory sabotage from people who are ideologically opposed for various reasons. (usually tracing back to money from fossil fuels). This drives up the cost considerably as well.
Olkiluoto-3 Started construction in 2005, was supposed to be in service by 2009. It entered service this past year, somewhere around €7B over budget. It would have been more but for specific liability clauses in the contracts.
Flammanville-3 started construction in 2007, was supposed to be in service by 2012. Currently, they’re predicting that it might come online in 2024. Initial estimate of €3,3B has bloated to €20B, for only a single 1660MW EPR.
Hinckley Point C is already £10B over budget and years late, currently estimate in-service date is 2027.
It’s no different in North America, with V.C Summer 2&3 project being cancelled while under construction, when the budget bloated from $9B to $23B. Vogtle 3&4 went from $12B initially to $14B, then to somewhere around $30B.
Nuke supporters love the “Green” strawman. The reality is the utilities wouldn’t touch one with a ten ft pole if they have any alternatives at all, and it’s strictly due to the economics.
Sweden has a solid base of existing nukes and hydro. The buildout of wind/solar even geothermal would be far faster and cheaper than additional nukes.
This video explains why every single engineering project ever has gone over the initial budget.
https://www.youtube.com/watch?v=dOe_6vuaR_s
When you factor in that a nuclear project will face additional hurdles, you get an idea why every reactor build these days is over budget.
Because that initial budget was the back of the napkin calculation before any site surveys or permitting or anything else, because in order to get the permits for those site surveys and such, you need an initial budget.
The press then reports these napkin numbers as if they were the final budget.
As another note here, nuclear projects tend to face massive regulatory sabotage from people who are ideologically opposed for various reasons. (usually tracing back to money from fossil fuels). This drives up the cost considerably as well.