“Time is money.” The cost-competitiveness challenge faced by nuclear power is underscored by the steady increase in the time it takes to construct a new facility. Construction times ballooned and cost increases were inevitable. Plants grew larger and more complex, and following high-profile nuclear accidents such as Three Mile Island (1979) and Chernobyl (1986), many countries implemented much stricter safety regulations. In the United States, the process of obtaining the necessary licenses and permits for new nuclear plants became longer and more cumbersome. This included environmental impact assessments, public consultations, and negotiations with multiple regulatory bodies, which can significantly extend construction times.
1 Strident public opposition sometimes forced delays, as when upwards of 200,000 people protested the Lemoniz Nuclear Power Plant near Bilbao, Spain in 1977.
2 Recent construction times exhibit wide variability and averaged 9.4 years from 2013 to 2022.
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