Solar energy now overlaps in cost with nuclear fuel alone for "cheap" modular reactors
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Masdar awarded bid to construct and operate 1,800MW Phase 6 of Mohammed bin Rashid Al Maktoum Solar Park
https://energy-utilities.com/masdar-awarded-bid-to-construct-and-operate-1-news121979.html
Masdar's bid of 1.6215 USD cents/kWh sets record for lowest Levelised Cost of Energy (LCOE) among DEWA's solar projects. Phase 6 to be operational from Q4 2024, contributing to Dubai's clean energy goal
Uranium is $128.30/kg
After enrichment, conversion and fabrication that's $3400/kg for 4.95% fuel.
At 36-45MWd/kg and a net thermal efficiency of 25% or $12.5/MWh up front.
With a 90 month lead time (72 month fuel cycle and 18 months inventory) at 3% this is $16.2/MWh