How Solar Surpassed Nuclear: First Dropped the Cost, Then Found Innovative Solutions

How Solar Surpassed Nuclear: First Dropped the Cost, Then Found Innovative Solutions

Today, solar & wind power are cheaper than nuclear power as well as less effectiveness to struggle with climate change.
According to the latest edition of the annual World Nuclear Industry Status Report (WNIS), in the last decade, solar’s levelized cost of electricity (LCOE) in utility-scale dropped 88% while the cost of nuclear power has increased by 22%. The report claims that building and running a new renewable plant is cheaper than extending an existing nuclear power plant. Building a new nuclear power plant in 2018 takes on average 10.9 years which is between 5 to 17 times longer than building a new utility-scale solar or onshore wind.
The climate change needs cheapest and fastest solutions so does the investors. Which in both cases nuclear is defintely not the option.
As the last point, the report mentions that decommissioning of nuclear power and replacing existing nuclear plants with new technologies is more conserving the environment than keep them running !!! This point clearly illustrates the threats of utilizing nuclear energy compared to renewable options.
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Source:@Solar_Edition
Photo:@Solar_Edition
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Date: Oct 03, 2019 @ 11:11

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