Quote:
Originally Posted by Azure
Notice how nothing in your post spoke about the cost of nuclear?
Nobody is arguing that it isn't the 'best' option in terms of actual power production. We are simply saying that due to regulations and the high cost barrier it is simply not an option investors are going for. Again, the market is speaking very loudly here.
Also, how much is Bruce Power spending on upgrading the Ontario plants? It is a insanely high amount.
Spend the same money on solar, wind + storage in a high capacity area such as Texas and your return is ten-fold. Plus, a solar plant can be up and running in 1 year. Nuclear takes 10+.
Lastly, without subsidies, solar + wind are costing less and less to build per kwH. Maybe not in Canada, but the world is a lot bigger than the frozen north.
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Bruce Power requested to build a new power plant with 2 reactors and withdrew it in 2009 not because of cost, but because Ontario has too much power and it simply wasn't needed. Bruce Power is hugely profitable, and nuclear is very profitable despite all the costs.
All of the solar and wind projects in Ontario are feel good projects with little economic feasibility.
Alberta certainly can use a nuclear reactor versus 0-1 MW with peak conditions average of 5 MW producing solar plants at 30 million a piece.