New metric shows renewables are 53% cheaper than nuclear power

A new metric for assessing total system costs puts a least-cost mix of offshore wind and solar at about €46 ($54.20)/MWh in a future climate-neutral energy system for Denmark. Danish researchers tell pv magazine that figure is less than half the equivalent cost of nuclear under the same conditions.A peer-reviewed study using Denmark as a case study has found that renewable energy portfolios outperform nuclear power on total system cost in the modeled future integrated Danish energy system, once the expenses of grid balancing, storage, and sector coupling are included in the comparison. The "SLCOE ...

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