Britain could scrap the 18 billion-pound ($23 billion) nuclear power plant at Hinkley Point and get the same amount of electricity from offshore wind turbines for roughly the same investment.
That’s the assessment of Bloomberg New Energy Finance following Prime Minister Theresa May’s decision to review whether to proceed with the first new atomic plant in more than three decades.
For the same capital costs, the U.K. could install about 830 new turbines at sea, which would generate 25 terawatt hours a year -- the same amount of power the Hinkley reactors would produce, according to the London-based researcher.
The findings add to the debate over whether Electricite de France SA’s proposal makes economic sense. With the cost of offshore wind turbines falling, developers led by Dong Energy A/S of Denmark are promoting renewables as a better way to get energy without the emissions that cause global warming.
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