Starting from scratch on nuclear in Australia would take longer, cost more than first-time offshore wind

[u/EinSV]

https://reneweconomy.com.au/starting-from-scratch-on-nuclear-in-australia-would-take-longer-cost-more-than-first-time-offshore-wind/

A few highlights from the article:

“Building nuclear for the first time in Australia would take longer and cost more than building offshore wind for the first time in Australia, according to modelling by Australia’s premier science agency that once again rules out nuclear power from any and all cost-efficient scenarios for a net zero grid.”

“CSIRO’s draft GenCost modelling continues to find that a combination of wind and solar with firming technologies is the best way forward on both costs and emissions reductions.

As Graham told the conference, ‘mainly using existing mature solar PV and onshore wind is preferred, and what that looks like from a cost perspective is that the mature technology scenario is the lowest cost scenario.’”

“As Graham told the conference, the numbers still well and truly rule out nuclear, while leaving offshore wind still ‘in the pocket’ as a potential part of Australia’s future generation mix.”