A new generation nuclear power station being built at Hinkley Point C
And Hinkley Point C – the UK ’ s first new nuclear power plant since 1995 – has been under construction since 2016 . Originally scheduled to become operational in 2025 , the completion date has now been pushed back again to the end of this decade , with costs significantly exceeding original estimates .
This is evident in a country with a history of nuclear power – with the story exacerbated in other geographies worldwide .
Valentina says : “ Both timelines and costs become even more difficult to predict accurately for countries building their first nuclear power plant .”
This is significantly longer compared to the scaling time of renewable projects like wind and solar farms .
“ Wind – mainly referring to onshore – and solar projects are generally less capital-intensive and can be deployed more rapidly ,” Valentina continues . “ They offer greater flexibility in terms of project size and location , allowing for incremental scaling as demand grows or technology improves .
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