I’ve been seeing a lot of people complaining about the nuclear deal. There seems to be an especially vocal group who feel that we should be investing in renewables rather than nuclear. Some of these people hold up Fukushima as a warning about how bad things can go with nuclear power. There’s a lot to say about this topic, and I’m not going to take the time to write a book about it, just drop some links and facts for the interested reader.
Another issue often bandied about in these conversations is how expensive the nuclear plants would be. The figures I’ve heard are that the nuclear deal is perhaps going to cost around R1.2T for 9.6 GW of nuclear nameplate capacity. People look at that and think “if Solar PV costs around $3/W, we could build the same solar capacity for a fraction of the price”. The problem, of course, is that the capacity factors for the two technologies aren’t the same. For nuclear they’re around 90%, while for solar they’re around 20 %. This means we would need to install around 43 GW of nameplate capacity solar to produce the same amount of electricity, which costs more than R1.2T just by itself at $3/W. Then we would have to pay for the storage and the refitting of our grid to allow for the distributed generation which the solar plants would inevitably represent. I love solar, but we’re not at the point where it can do the base load generation we would be purchasing with nuclear.

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