Nuclear is the Most-expensive Type of Power Generation with the exception of Gas Peaking Plants

Among different types of power generation technologies, nuclear power is one of the most expensive. During the last five years from 2015 – 2019, the Levelized Cost of Electricity (LCOE) for nuclear power has risen from $117/MWh to $155/MWh.

What’s interesting to note is that the world’s nuclear power capacity has declined by 2.1% at 362GW by the end of June. It is worth mentioning that only 2.4 GW nuclear power capacity was added during last year compared to 118 GW solar power capacity.

According to PV-Magazine, the number of operational reactors in the world has dropped to 408 as of mid-2020, which is below the level already reached in 1988 and 30 units below the historic peak of 438 in 2002.

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Source:@ PV-Magazine & @Solar_Edition
Photo:@ PV-Magazine & @Solar_Edition
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