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re: Trump Vows Day One Executive Order Targeting Offshore Wind
Posted on 5/15/24 at 12:20 pm to Flats
Posted on 5/15/24 at 12:20 pm to Flats
quote:
That doesn't surprise me but we're obviously not pushing them like we are wind turbines. The regulatory process alone can render new nuke plants unfeasible.
Biggest issue isn't regulatory, that cost and schedule is quantifiable. The bigger issues is cost of capital, political volatility, and NIMBY lawsuits pre-construction.
Investors need to tie up a huge amount of money to get the project moving, it has an incredibly long ROI and if the political climate changes and they boot the PTC, they're fricked. And once you get past all that uncertainty and get a term sheet, the locals grab the pitchforks and lawyers and you get to pay ten million to fend off the lawsuits.
Luckily, the IRA expanded on the old PTC and thats giving the people who provide the project capital better confidence that it can get done. We'll see. I have seen an increase in project diligence requests for nuclear, so that's something.
This post was edited on 5/15/24 at 12:22 pm
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