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Nuclear power helps bring down electricity prices by 75% in Finland (www.thenationalnews.com)

submitted 2 years ago by Suoko@feddit.it to c/green@lemmy.ml

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This plant caused the French company who helped building it, to go bankrupt. Gen 3 nuclear plants looks very expensive to build then. However these kind of plants do not produce any side-product which is good for producing bombs or other radioactive weapon. They have no military support then (and maybe neither government?), compared to gen 2.

https://www.wiseinternational.org/nuclear-monitor/818/french-nuclear-giant-areva-melts-down

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[–] umrath@feddit.de 3 points 2 years ago (1 children)

Well, if you socialize all the costs around it (insurance, waste disposal for the next couple of hundred thousand years, etc.) it's really cheap. If you calculate the true costs, it's pretty much the most expensive way to generate electricity. And it's not renewable either.

[–] Suoko@feddit.it -1 points 2 years ago* (last edited 2 years ago)

You know we live in the west, we're rich by default and we can afford anything we want (but it's actually a poor world) #sarcasm

[–] Kissaki@feddit.de 2 points 2 years ago (1 children)

Incredibly expensive (estimated 11 billion €) and years delayed (18 year construction; testing began in 2021). Yet brings down electricity prices by 75 %.

How does that make sense? It can't make economic sense to the constructor and operator.

Maybe you could say French companies and citizens essentially subsidized Finland through contracted building at a huge loss?

Now that it's built better operate it and gain something out of it?

Ref https://en.wikipedia.org/wiki/Olkiluoto_Nuclear_Power_Plant#Unit_3

[–] Suoko@feddit.it 1 points 2 years ago

Its LCOE would probably let us forget it forever. Just think about this: I bet you hear more rumors about non-existant fusion nuclear plants than about olkilioto. Let's focus on renewables.

[–] QuentinCallaghan@sopuli.xyz 2 points 2 years ago

Olkiluoto 3, Finland's own Sagrada Família and Star Citizen. It was really frustrating to read news about the plant getting delayed year by year. Especially during winter it felt like moving the goalposts, there always were some kind of "technical problems" with getting the plant deployed. I'm glad that it's over, and so is getting gas from Russia.

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