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by ViewTrick1002
885 days ago
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You are not making the point you think you are. The market conditions changed from zero interest rates to escalating material prices and the highest interest rates in decades. Since the projects are so predictable the developers called it quits. In a perfect world they would have hedged their costs but here we are. Have a look at Bent Flyvbjergs work. Nuclear power is only beaten by the Olympics and nuclear waste storage in risk of cost and schedule escalations. Solar and wind occupy the other end of the spectrum. A hunch would say that the first large scale off shore wind projects in the US falls in the middle of the spectrum, but nowhere near nuclear power. As evidenced by the developers having such good grasp of the costs that they canceled the projects the instant they stopped being viable instead of continuing down a path of sunk cost fallacies. https://cleantechnica.com/2023/01/18/the-nuclear-fallacy-why... |
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