Quote:
Originally Posted by Street Pharmacist
Aaaaaaand another nuclear cost explosion:
Unit 3 at the Flamanville Plant in France started construction in 2007 with a cost estimate of €3.3B. Almost 20 years later and it's still not operational and has a cost estimate of €23.7B.
The French Court of Auditors asserts that to reach a 4% profit the minimum seeing price would have to be €138/MWh, which is higher than the target negotiated between the developers (EDF) and the government at €70/MWh.
Reminder, France had to re-nationalize the energy company after the 2022 energy crisis mixed with a lot of Reactors being down meant that EDF would be wiped out. It has since cost their tax payers tens of billions to keep afloat.
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Maybe this is splitting atoms but Flamanville 3 is operational in the sense that it is connected to the grid and has supplied power. It isn't fully powered up though because that takes many months to get to 100%.