Probably a third of that cost is tied up in NRA certification with 32 different federal and state licensing bodies, planning, EIS statements which average 6 years to write, and the political approval process.
While you’re waiting those six to 10 years to get your project started, you’re going to see a construction cost inflation rate of what, 25 to 30%?
I was half joking, although cost escalation would actually account for a major portion of the cost increase.
We did a new building project. Started during 2021, and by the time we received the final bids costs had increased 50%. All within 6 months. We’re at 10% cost escalation this year alone.
Imagine 6 years of that.
However, it also sounded like these companies had no clue what they were doing. Similar to California High Speed Rail.
Probably a third of that cost is tied up in NRA certification with 32 different federal and state licensing bodies, planning, EIS statements which average 6 years to write, and the political approval process.
While you’re waiting those six to 10 years to get your project started, you’re going to see a construction cost inflation rate of what, 25 to 30%?
Care to substantiate that the red tape amounts to more than 100 years worth of the same MWH of solar? Or is that just your gut feeling?
Also note, even if the construction cost were 30% inflated, nuclear is still losing handily to solar by the figures I cited.
I was half joking, although cost escalation would actually account for a major portion of the cost increase.
We did a new building project. Started during 2021, and by the time we received the final bids costs had increased 50%. All within 6 months. We’re at 10% cost escalation this year alone.
Imagine 6 years of that.
However, it also sounded like these companies had no clue what they were doing. Similar to California High Speed Rail.