Sizewell C failing to attract investors

[dan_b]

Hmm - seems the Govt is struglging to find commercial partners to plug the funding gap since booting out the Chinese from Sizewell C.
Bets on this ending up being back in public funding at some point soon just to get it over the line?

https://www.cityam.com/investors-snub-s ... le-status/

[Mr Gus]

Well, it would be nice if they got the hint to ONLY ask those who want it to stick their hands in their pockets, the chinese are already in the water game here

I'd prefer a few power outs & more renewables to be ramped up please.

...when will it be to cheap to meter again?

[Mart]

It'll be a harder battle this time round for SZC, than its sister HPC, back 2015(ish).

When discussing the bill for HPC, the House of Lords raised concerns that the Gov estimates for nuclear and RE costs for 2030 might be designed to flatter nuclear, but now we have reality to 'prove' the point:

Government predictions for pricing in 2030 (using the 2012 baseline)
Onshore wind to be in the range £45-72/MWh
Offshore wind will be in the range £85-109/MWh
Nuclear, at £69-99/MWh.
For solar they predict £59-73/MW


Actual contracts issued in 2022:
Onshore wind £42.47/MWh
Offshore wind £37.35/MWh
Solar PV £45.99/MWh

Even the tiny (32MW) floating off shore wind contracts were issued at £87.30/MWh (the very bottom of the Gov's predictions for fixed base generation). And like the other RE costs, will continue to fall, through to 2030.

[AE-NMidlands]

At last someone else is saying what I have said for ages: it's inconceivable that sea-level rise (which was happening in the S of the UK anyway from Scotland's post-Ice-age rebound and now from global warming) won't have an increasing impact on low-lying coastal sites.
https://www.theguardian.com/news/2023/m ... ower-sites says

Ex-adviser worries ministers have not taken into account sea level rise and storms in selecting sites

Successive governments since the 1980s have had plans for new generations of nuclear power stations sited around the coasts of the United Kingdom. Although the main reason for building them, according to politicians, is to provide a low-carbon form of electricity to combat the climate crisis, no thought seems to have gone into what the climate crisis might do to the nuclear power stations.
Prof Andy Blowers, a former government adviser on nuclear waste, points out in the Town and Country Planning Association Journal that the eight sites identified in 2011 as suitable for new stations are the same as those identified half a century earlier, on which the first generation of nuclear power stations were built.

The reason the sites were originally chosen was their remoteness, for safety, and their proximity to the sea, for cooling purposes. The latest reasoning is that they would have a better chance of public acceptance because two generations of local people have worked in the industry. The new installations are planned to operate for 60 years and will need another century after closure to cool sufficiently to remove the waste.

Blowers, an opponent of the government plans, worries that ministers seem to have taken no account of sea level rise, intense storms and the prospect of flooding at these sites.

[nowty]

........... Blowers, an opponent of the government plans, worries that ministers seem to have taken no account of sea level rise, intense storms and the prospect of flooding at these sites.

How much are these multi million price houses in Sandbanks going to be worth in 100 years time ?

[Moxi]

I could never understand why they were worth that money now let alone in the future! I much preferer the real estate the other side of the Ferry - many happy family beach days with the national trust membership taking the strain

Moxi

[Fintray]

........... Blowers, an opponent of the government plans, worries that ministers seem to have taken no account of sea level rise, intense storms and the prospect of flooding at these sites.

How much are these multi million price houses in Sandbanks going to be worth in 100 years time ?

In a hundred years time they might be saying where were the million pound houses!