Wind energy is a cheaper alternative to U.K.’s Hinkley Point C nuclear power plant, according to a recent report commissioned by Greenpeace Energy based in Germany.
The researchers at Energy Brainpool, who carried out the report, calculated that new wind turbines in combination with windgas, an ecological storage technology also known as power-to-gas technology and gas-fired power plants could supply at least the same power output and the same supply reliability as Hinkley Point C nuclear plant, “but its costs are about €7 billion lower than the state aid approved for the nuclear power plant.”
China will invest $9.2 billion in the new nuclear power plant and the total cost of the plant will go up to $27.8 billion.
“In view of other costs that will accrue for the plant such as credit guarantees for construction and the expensive and risky disposal of nuclear waste, the wind power alternative becomes even cheaper in comparison”, said Sönke Tangermann, Greenpeace Energy’s managing director.
The construction and operation of all wind turbines, windgas facilities and gas-fired power plants needed for the alternative system is calculated to cost €101 billion, the report reads.
According to the estimates, subsidies for Hinkley Point C, expected to go online in 2025, will total €108 billion over its 35-year period of validity, including adjustments for inflation.
“The high level of subsidization will distort the energy market in the European Union at the expense of renewable energies,” Greenpeace Energy claims.