May 16, 2023
Investment costs per kW at various costs of capital – 3%, 7%, and 10%.
Net capacity and overnight costs of projects are indicated by country.
Slovakia is the least affected while Korea, Russia and China are the most.
Keeping the cost of capital low is key to both the competitiveness of nuclear energy against alternative baseload generators as well as for limiting the overall costs of the transition to net zero energy systems by 2050.
However, the cost of capital is not the only parameter determining the successful completion of nuclear new built projects where issues such as electricity market design, project management and incentive structures play important complementary roles.
- Nuclear Technology Development and Economics 2022, New Perspectives for Financing Nuclear New Build, retrieved from https://www.oecd-nea.org/upload/docs/application/pdf/2022-12/7632_nea_financing_report.pdf