Nuclear is not a viable solution, due to public opinion. A nuclear reactor has an incident once every 10.000 years. If we divide that with the number of reactors we get an accident every 30 or so years. (Harrisburg, Chernobyl, Fukusima, ligns up well with that) Every time there is an accident, the public turns against nuclear for 5-10 years. Add to that that it takes a decade to plan and build a reactor, and you real…
In the US, public opinion has nearly nothing to do with the lack of new construction. The problem is far simpler here: nobody can build a reactor reliably without going vastly over budget, or off schedule. Going off schedule also means going off budget because costs are front loaded over the 40-60 year lifespan and therefore every year of delay costs massive amounts of interest. There are plenty of viable sites for n…
But bigger plants take longer, overall. That means you need more capacity in the development pipeline, because you're forecasting that the market is growing. Soon you're needing to have finance and regulatory movement for multiple gigawatts of capacity at all times to keep up with what you think is coming.
If you then find you've overshot demand, you are in an ugly position.
Utilities that did the "dumb" thing and prioritised smaller plants, which are ostensibly more expensive per kwh, tended to do better because they didn't need to tie up so much capital at any given time. Bringing a gigawatt online in five years as a single plant is very different from bringing 200MW a year online. Especially if it turns out in the third year that 600MW was as much as the market wanted to buy.