Energy Magazine December 2024 | Page 78

RENEWABLE & GREEN ENERGY
approximately half the output of nuclear , reaching up to about 800MW , the IEA says .
Valentina adds : “ If compared to wind and solar , the capacity factor can be three times or even more for nuclear . That makes it an important low-carbon option , contributing to significant emissions reductions .
“ These benefits can be particularly important for countries which rely on imported fuels to enhance their energy security while diversifying their energy mix .”
Is nuclear a viable long-term option ? The viability of nuclear power as a longterm energy solution varies significantly across different countries and regions .
Valentina asserts : “ Nuclear power can be a viable option to achieve energy transition goals where governments have the financial capacity and technical knowhow to support such projects . However , it might not be considered as a priority for countries which lack the requisite financial capital and policy or where there is a stronger economic and strategic rationale to prioritise less capitalintensive or faster-to-adopt alternatives .”
She emphasises that the long-term viability of nuclear power is heavily influenced by a country ’ s economic circumstances and overall energy strategy . While some nations are phasing out nuclear power , others are actively expanding nuclear capacity or considering it as a future option to meet climate goals and ensure energy security .
“ Four of the biggest economies in Asia are taking this route ,” she details .

“NUCLEAR POWER CAN BE A VIABLE OPTION TO ACHIEVE ENERGY TRANSITION GOALS ”

DR VALENTINA DEDI LEAD ECONOMIC ADVISOR , KBR
78 December 2024