This is Robertstown Solar Project.

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One of the first Advanced Nuclear Power Plants (NPPs), the BWRX-300 Small Modular Reactor (SMR) will commence operation in 2027 and should become available in the Australia by 2030.

And this is the BWRX-300 Advanced NPP

At the current exchange rate, the cost of US$675 million giving a capital investment cost of A$1.028 billion. So A$1.73 billion of investment would finance 505 MW of BWRX-300 'capacity'.

The most significant factor investors should consider about advanced SMRs is their

**build programmes are now down to 2 years**- no different to Solar PV or Wind Farm projects. So the cost-of-capital burden that has drained investment from conventional npps is utterly negated. Comparing investments, it need not be considered a part of 'Significant Costs'.

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For the Robertstown Solar investment, assuming the full 30.12 million MWh are generated between 2022 and 2052,

**the first significant cost**is capital investment content:, which works out at**A$57.44/MWh**.**The second significant cost**is O&M. The National Renewable Energy Laboratory (NREL) in the USA predicts a 2020 cost of US$10.5/kW/yr. At the current exchange rate, that equates to A$16.0/kW/yr. For 500 MW of installed capacity, that's a total cost over 30 years of A$240 million. The O & M cost content works out at

**A$7.97/MWh**.

NREL Operation and Maintenance (O & M) Costs

**The third significant cost**is fuel and since it is stated frequently that this is 'free energy' the fuel cost content is

**A$0.00/MWh**.

**The fourth and final significant cost**is decommissioning. An Oct 2017 RFF Report gives a cost for decommissioning a 300 MW US Solar PV Project at $45,976/MW. That's $22.99 million for 500 MW Robertstown Solar. Using 2017 exchange rate and adding in Australia's inflation brings it to A$31.45 million This Decommissioning cost content is

**A$1.04/MWh**.

RFF Report. P.36; Table 9.

**The significant cost total is A$66.45/MWh. When applied to the 30.12 million MWh, the cost is A$2.00 billion.**

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For the Advanced NPP, the BWRX-300, 505 MW of installed 'capacity would generate 3.98 million MWh of 24/7 electricity every year and 238.9 million MWh over their 60 years lifespan.

**The first significant cost**is a investment capital content of

**A$7.24/MWh.**

It is then possible to ascertain all of the remaining costs: Fuel fabrication; O&M; waste fund; decommissioning fund - from an analysis of Hinkley Point C npp. All of these costs add up to €23.00/MWh in 2018. Factor in the 2018 € to A$ exchange rate and Australia's inflation to 2020 and this significant cost is

**A$37.17/MWh.**

Pie Chart: Hinkley Point C nuclear power plant

**The significant cost total is A$44.41/MWh. When applied to 238.9 million MWh, the cost is A$10.61 billion.****------------------------------//------------------------------**

So what does that mean for the pension pots that have gone into the A$1.73 billion utility scale solar pv projects, commencing generation in 2022 and earning for every MWh sold at the going Wholesale Price?Thinking in terms of a Wholesale Electricity Price of A$86.00/MWh:

**After a 30 years lifespan of economical operation,****by 2052, Robertstown Solar will have generated an income of £2.59 billion, with significant costs of A$2.00 billion. That's a potential for dividend payments from earnings of A$590 million.**

**Working out at A$0.34 for every A$1.00 of capital invested.**

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Again,thinking in terms of a Wholesale Electricity Price of A$86.00/MWh:

**After**

**22 years of operation,**

**by 2052, the BWRX-300 generation will have raised an income of A$7.53 billion, with significant costs of A$3.89 billion. That's a potential for dividend payments from earnings of A$3.64 billion (6X more).**

But it will carry on for another 38 years of economical operation to reach A$9.94 billion

But it will carry on for another 38 years of economical operation to reach A$9.94 billion

**Working out at A$5.75 for every A$1.00 of capital invested (17X more).**

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**DO NOT INVEST IN SOLAR POWER NOW - KEEP YOUR PENSION FUNDS SAFE FOR ANOTHER 5 YEARS AND INVEST IN**

**ADVANCED NUCLEAR POWER PLANTS!**

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