Saturday, 18 February 2017

Nuclear Power: Hinkley Point C Nuclear Power Plant - The Gift That Keeps On Giving

In 2017 invest £18 billion in Offshore Wind. Between 2019 and 2044, Income received will be:  £57.42 billion.

In 2017 invest £18 billion in Hinkley Point C. Between 2025 and 2044, Income received will be:  £80.31 billion.

40% more from Nuclear Power !

And Then ???
By the end of HPC's 60 year Design Life - in 2085
Income received will be:  £300.57 billion
That's 5.23X more than Offshore Wind [+423%]

Calculations and references below.


"...The strike price for Hinkley Point C remains set at £92.50/MWh......These figures are in 2012 prices.......The Hinkley Point C contract will last for 35 years, the strike price is fully indexed to inflation through the Consumer Price Index..."
Hinkley Point C Contract Terms

"... In summary, the approach to the standard CfD contract terms is as set out 
in August, with a 15 year contract for renewable technologies, with 
payments indexed to inflation (CPI)..."
Table 1 [Page 7]: Strike Prices £/MWh (2012 prices) - Offshore Wind 2018/19:  £140.00
Renewable Technologies - Key Points on Contract Terms.


Final Score:
Chinese Government - 5.23
UK Government - 1

Monday, 6 February 2017

Secrets Revealed About the UK's Biggest Onshore Wind Farm! - Cost

 And The Truth Will Set You Free ! 

Over its 20 year lifetime, Whitelee will deliver intermittent electricity to the equivalent of 5,976,740 homes.

By comparison:
A 440 MW Rolls-Royce Small Modular Reactor [SMR] is a Pressurised Water Reactor [PWR] with a likely capacity factor of 90% and will 'Last for 60 years'.
The SMR is intended be built and commissioned in a factory
Rolls-Royce Small Modular Reactors.

Using 'average annual domestic electricity usage of 4,266 kWh' a single 440 MW SMR will supply 24/7 electricity to 813,165 homes, for 60 years - the equivalent of 48,789,900 homes.

8 Whitelee-sized wind farms would have to built to deliver the same amount of Intermittent Electricity as the 24/7 Electricity from a single Rolls-Royce 
440 MW SMR.

Whitelee 1 & 2 cost £600 million + £3.8 million decommissioning.

WindEurope - P. 10: Decommissioning of Windfarms
8 x £603.8 million = £4.830 billion.

Taking the worst case scenario of SMRs having the same cost ratio, as the 3.2 GW Hinkley Point C EPR [
£18 billion + £7.2 billion decommissioning/waste storage; handling] 
a 440 MW SMR would cost £3.465 billion.

Meaning for the same cost, we could get:

40% More 24/7, Low-Carbon Electricity 

from SMRs than the Intermittent, Low-Carbon Electricity from Onshore Wind Farms.