[Kognito]

Sounds like exactly what happened in the UK. New nuclear was proposed in 2010 by the newly elected centre-right led coalition government, with the aim of it being privately funded.

Since then subsidies have been agreed but costs continue to skyrocket. Only one plant is under construction and the time to operation has shifted from 5 years to 10 years.

Meanwhile pretty much all private sector interest in investing in nuclear seems to have dried up.

We seem to be instead putting all our eggs in the SMR basket hoping that there’ll be the economies of scale to make it viable.