CelloMom On Cars on Nostr: "A group of mostly Western countries pledged to triple #nuclear generation by 2050. ...
"A group of mostly Western countries pledged to triple #nuclear generation by 2050.
But lenders balked at the eyewatering cost of doing so.
“We need state involvement, I don’t see any other model,” Ostros said. “Probably we need quite heavy state involvement to make projects bankable.” "
https://www.bloomberg.com/news/articles/2024-03-22/filling-nuclear-power-s-5-trillion-hole-is-beyond-the-banks
So, taxpayers are nuclear plant builders of last resort now?
The delays and cost over-runs have been legendary.
But lenders balked at the eyewatering cost of doing so.
“We need state involvement, I don’t see any other model,” Ostros said. “Probably we need quite heavy state involvement to make projects bankable.” "
https://www.bloomberg.com/news/articles/2024-03-22/filling-nuclear-power-s-5-trillion-hole-is-beyond-the-banks
So, taxpayers are nuclear plant builders of last resort now?
The delays and cost over-runs have been legendary.