Next Generation
Renewable Energy Comes at You Fast
The IEA projects a growth rate that should worry coal investors.
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Dresden 1, the first commercial nuclear-power plant in the U.S., was switched on in 1960. It took three years and, in today's money, about $250 million to build.
You may have noticed that nuclear-power projects require a little more time and money these days: Last week, the Trump administration offered $3.7 billion of loan guarantees to Southern Co.'s Vogtle project in Georgia. The budget for that has spiraled past $25 billion; and while construction began in 2009, it isn't expected to start generating power until we are well into President Donald Trump's second term (or his successor's first).