> Renewables are a sham. A waste of money, land and resources. Seriously, I'm quite sure of it now.
From Wikipedia on HPC:
> EDF has negotiated a guaranteed fixed price – a "strike price"– for electricity from Hinkley Point C of £92.50/MWh (in 2012 prices),[26][81] which will be adjusted (linked to inflation) during the construction period and over the subsequent 35 years tariff period. The strike price could fall to £89.50/MWh if a new plant at Sizewell is also approved.[26][81] High consumer prices for energy will hit the poorest consumers hardest according to the Public Accounts Committee.
> One analyst at Liberium Capital described the strike price as 'economically insane' in October 2013: "as far as we can see this makes Hinkley Point the most expensive power station in the world... on a leveraged basis we expect EDF to earn a Return on Equity (ROE) well in excess of 20% and possibly as high as 35%".[98] "Having considered the known terms of the deal, we are flabbergasted that the UK Government has committed future generations of consumers to the costs that will flow from this deal"
> 25 September 2019, EDF announced that the total cost of the power station was likely to rise by up to £2.9bn and the total bill could be more than £22bn
This very much sounds like a waste of money and resources.
https://en.wikipedia.org/wiki/Hinkley_Point_C_nuclear_power_...