Powering Australia with nuclear energy would cost roughly twice as much as renewables, CSIRO report shows

Australia's leading scientific organisation found it would cost at least $8.5 billion to build a large-scale nuclear power plant in the country.

It said a nuclear power plant in Australia would be a "first of a kind" and, as such, "premiums of up to 100 per cent cannot be ruled out". The federal Coalition has seized on the technology as a solution to help Australia wean itself off fossil fuels and decarbonise by the middle of the century.While the opposition at first touted the prospect of so-called small modular reactors that were just a few hundred megawatts of capacity in size, it has since pivoted towards large-scale plants.

To that end: "The inclusion of large-scale and SMR nuclear in the 2030 cost comparison is only as a point of interest rather than practicality."they'veAccording to the CSIRO, reliably estimating any "first-of-a-kind premium" for nuclear was too fraught to try because the technology had never been built locally.

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