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A 2014 Agora Energiewende study found that new wind and solar generation is up to 50% cheaper than new nuclear, based on what they described as a conservative comparison of current feed-in tariffs in Germany with the agreed strike price for Hinkley Point C. [112] The study does not include costs for power grid upgrades or expected future cost ...
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In the United Kingdom, a feed-in tariff of £92.50/MWh at 2012 prices (currently the equivalent of €131/MWh) [107] plus inflation compensation was set in 2013 for the new nuclear power plant to be built at Hinkley Point C, with a term of 35 years. At that time, this was below the feed-in tariff for large photovoltaic and offshore wind plants ...
The revised operating date for the nuclear power station is now June 2027 and the budget has increased to £25 billion as Covid delays are blamed.
Financial firm Lazard also updated its levelized cost of electricity report costing new nuclear at between $0.118/kWh and $0.192/kWh using a commercial 7.7% cost of capital (WACC - pre-tax 12% cost for the higher-risk 40% equity finance and 8% cost for the 60% loan finance) over a 40-year lifetime.
EDF expects significant time and cost savings compared to the near-identical sister plant, Hinkley Point C. [citation needed] The projected construction cost of £20 billion (including "expected inflation and contingencies") for Sizewell C in the 2020 development consent submission [40] is 25% higher than the £16 billion (2012 prices ...
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As a cost comparison, Hinkley Point C nuclear power station (also being built on the Severn Estuary) will cost £25bn, and deliver 3.2GW of power sold at £92.50 per megawatt hour (MWh) of electricity generated for the 35 years of the contract. [46]