| Depends how long the cable lasts, maintenance costs. Some of the cables that start forest fires in CA have been there for a century by that point. Even at 17e9 USD, if this lasts a century, and is in full use for that time, it's adding 1.1¢/kWh to the price of delivery: http://www.wolframalpha.com/input/?i=1.75%20GW%2A100%20years... I could easily imagine them doing this, and another similar one to India or twice as far to Kenya, and getting a decent amount of PV at night as a consequence. (OTOH, as I'm not a grid or marine engineer, I am ready to be mocked for suggesting an underwater cable may last a century). |
2) That equation ignores the time value of money, which is absolutely relevant. A dollar spent today is not the same as a dollar saved 100 years from now.