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What I worry about is the cost of offshore wind. According to a recent article Vattenfall is near completion of its offshore wind farm Thanet, off the coast of Kent.

It will produce 1 TWh per year (biggest in the world). It costed 9 billion kronor (SEK) to build. In comparison, the new Finnish reactor will produce 13 TWh, and if it was an offshore wind farm it would hence cost 9*13=117 billion kronor. It was budgeted to cost 25-30 billion, and even with the current 100 % cost overrun, it will still only cost half as much as the Thanet offshore wind farm, if Thanet was constructed to have the same annual output.

Sure, the variable costs for the nuclear station might well be higher than for Thanet, but not by that much. So this is certainly a problem, in my opinion.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Thu May 20th, 2010 at 09:25:59 AM EST

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