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.

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"...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.

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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 ! 

What is the installed Capacity?
How much electricity will it deliver per year?
539 MW x 27% cf x 24 hours x 365 days = 1.2748 TWh
of Intermittent Electricity.

What is the lifespan of Whitelee Wind Farm?
How much electricity will it deliver over its lifetime?
20 years x 1,2748 TWh/year = 25.5 TWh
of Intermittent Electricity.

By comparison:
Hinkley Point C [HPC] nuclear power plant has an Installed Capacity of 3.2 GW, an 'Availability Factor of [more than] 90% and a 60 year 'Service Life Design'
HPC Specifications - Page 15.

3.2 GW x 90% cf x 24 hours x 365 days x 60 years
= 1,513.7 TWh of 24/7 Electricity.

59 Whitelee-sized wind farms would have to built to deliver the same amount of Intermittent Electricity as the 24/7 Electricity delivered by HPC.

Whitelee 1 & 2 cost £600 million.
59 x £600 million = £35.4 billion.

HPC will cost £18 billion, so:
£35.4 billion ÷ £18 billion = 1.9666

Meaning for the same cost, we could get:

97% More 24/7, Low-Carbon Electricity
from Nuclear Power Plants
than the
Intermittent, Low-Carbon Electricity
from Onshore Wind Farms.