Vogtle 3 and 4, the first new nuclear reactors built in the United States in 30 years, are now 6 years late and estimated to cost $28 billion. (Taxpayer.net). That is a cost overrun of $14 billion, 100% over the initial cost of $14 billion. (Atlanta Journal Constitution, Power).
The 2.234 GW plants at Vogtle will cost $12.5 per watt, if there are no more overruns, plus the costs of fuel, security, maintenance, etc. Utility scale solar is under $2.00 per watt. Utility scale wind is estimated at $1.44 per watt for Ocean Wind, the 1.11 GW wind farm to be built 15 miles east of Atlantic City.
Neither solar nor wind require fuel or military security forces. The money used to construct a 1 GW nuclear reactor could construct 6.5 GW of solar or 8.7 GW of wind.
| Rough Comparison of New Electricity Capacity Costs | ||
| Energy | Price per watt | Capacity for $12.5 B (GW) |
| Nuclear | $12.50 | 1.00 |
| Solar | $2.00 | 6.25 |
| Wind | $1.44 | 8.70 |
| Table 1 | ||
Why, given the cost of nuclear, the bankruptcy of Westinghouse, the dearth of young nuclear engineers, and the costs of wind and solar are we even thinking about, let along sinking $Billions of taxpayer dollars, in nuclear?
