Report finds nuclear energy more expensive than renewable alternatives and calculates costs for large-scale reactors for first time
The CSIRO’s calculations show that electricity generated from nuclear power plants is more expensive than expanding renewables, including transmission infrastructure.The CSIRO’s calculations show that electricity generated from nuclear power plants is more expensive than expanding renewables, including transmission infrastructure.would be at least 50% more expensive than solar and wind, according to a report from the CSIRO that has for the first time calculated costs for large-scale reactors.
According to CSIRO’s GenCost report, a theoretical 1000MW nuclear plant built today would cost at least $8.6bn. Such a “first-of-a-kind” premium could also apply to other technologies not yet used in Australia, including offshore wind, fossil fuel plants with carbon capture and storage, or solar thermal.A combination of solar and wind power remained the cheapest source of electricity, the GenCost report said, even allowing for the extra costs of integrating them into the grid.
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