Nuclear Energy Now More Expensive Than Solar

Or so the NYT would have you believe. Slashdot writes:

“According to an article on the New York Times, a historical cross-over has occurred because of the declining costs of solar vs. the increasing costs of nuclear energy: solar, hardly the cheapest of renewable technologies, is now cheaper than nuclear, at around 16 cents per kilowatt hour. Furthermore, the NY Times reports that financial markets will not finance the construction of nuclear power plants unless the risk of default (which is historically as high as 50 percent for the nuclear industry) is externalized to someone else through federal loan guarantees or ratepayer funding. The bottom line seems to be that nuclear is simply not competitive, and the push from the US government to subsidize it seems to be forcing the wrong choice on the market.”

via Slashdot Hardware Story | Nuclear Energy Now More Expensive Than Solar.

However, as one commenter says:

Utter bunk. See

And as another puts it:

Check out: [] []

Now considering that one nuclear power station usually generates 1 to 5 GIGAwatts, and these [he means solar] generate in the order of TENS OF MEGAwatts, it is inconceivable to me how anyone can compare Solar to Nuclear.

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