Now, Georgia Power’s Vogtle Unit 3 and Unit 4 – the nation’s only nuclear generating units currently under construction – have announced
further delays and price increases. Conservative cost estimates suggest the two 1.117 GW facilities will require at least $30 billion to complete, including
$3 billion in finance costs and
$27 billion in construction costs.
The new
Vogtle reactors are rated at 1.117 GW each. Roughly, they’ll run at a 90% capacity factor. On an annual basis, the two units will generate 17.6 billion carbon-free kilowatt-hours of electricity. Already on site are two earlier nuclear units which have been running since 1987 and 1989.
To generate that volume of electricity from solar power on an annual basis, Georgia would need about 7.3 GWdc of solar panels running at a 26% capacity factor. That would be equivalent to roughly 7% of the current U.S. installed solar capacity, which currently sits at just over 100 GW.
The resulting total capacity is now 10.55 GWdc of solar power. However, this 7.3 GWdc figure does not take into account battery charging losses or reduced sunlight in winter. So let’s offset battery charging losses by upsizing two-thirds of the solar (the amount to be stored) by 20%. Next, let’s account for reduced winter sunlight by increasing the total system capacity by another 20%.
In order to replace the two nuclear plants while the sun is down, the batteries would need to replicate two 1.117 GW power sources for 16 hours. The total energy storage capacity would be 39.3 GWh, after we add an extra 10% for safe measure.
Roughly speaking, the total cost of these solar+storage facilities would be:
- $8.4 billion for 10.55 GWdc of solar power, fully installed at $0.80/watt
- $527 million for hypothetical power grid upgrades at $0.05/watt
- $7.8 billion for 39.3 GWh of energy storage fully installed at $200/kWh
- Around $16.8 billion grand total, no incentives
So, Georgia,
pv magazine USA just saved you more than $13 billion (as of today, anyway).