National science agency dismisses argument nuclear’s economics have not been adequately considered in new draft report
The Coalition has proposed to build seven taxpayer-funded nuclear power plants, including at the site of the Tarong power station near Yarraman, Queensland.The Coalition has proposed to build seven taxpayer-funded nuclear power plants, including at the site of the Tarong power station near Yarraman, Queensland.
How can News Corp call its gas splash an ‘exclusive’ and a ‘special report’ when it’s paid for by industry? | Adam MortonCSIRO found the capital cost of building large-scale batteries and photovoltaic solar farms was forecast to fall by 20% and 8%, respectively, this financial year due to the scale of investment under way in China and easing inflationary pressures. The capital cost of building a windfarm is expected to rise 2%, less than the past two year.
But CSIRO’s chief energy economist and the report’s lead author, Paul Graham, said it found nuclear technology’s longer operational life compared with renewable energy did little to change the economics and gave it “no unique cost advantage”. He said this largely because nuclear plants need substantial re-investment during their life to survive that long.
CSIRO’s report said it had examined the issue and found the 53-89% range was fair. It said it was possible for nuclear plants to run at more than 90% of their capacity, but the global average capacity factor for nuclear was 80% and 10% of plants ran less than 60% of the time.
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