Michele Kearney's Nuclear Wire

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Monday, July 26, 2010

Special Report: Energy Nuclear Energy Loses Cost Advantage By DIANA S. POWERS

PARIS — Solar photovoltaic systems have long been painted as a clean way to generate electricity, but expensive compared with other alternatives to oil, like nuclear power. No longer. In a “historic crossover,” the costs of solar photovoltaic systems have declined to the point where they are lower than the rising projected costs of new nuclear plants, according to a paper published this month.
“Solar photovoltaics have joined the ranks of lower-cost alternatives to new nuclear plants,” John O. Blackburn, a professor of economics at Duke University, in North Carolina, and Sam Cunningham, a graduate student, wrote in the paper, “Solar and Nuclear Costs — The Historic Crossover.”
This crossover occurred at 16 cents per kilowatt hour, they said. http://www.nytimes.com/2010/07/27/business/global/27iht-renuke.html
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