Ride the wind or go nuclear? : a private investment analysis

This study presents a comprehensive investment analysis framework comparing onshore and offshore wind projects with traditional and modular nuclear projects. We assess investment potential excluding and including government financial support, akin to the system implemented in France. Results demonstrate that onshore wind projects rank as the most appealing investment option without government support, followed by offshore wind projects. In specific circumstances, modular nuclear projects prove more attractive based on specific metrics. Surprisingly, French government support tilts the scales, favoring offshore wind projects over onshore wind projects. To achieve investment parity with the most attractive wind project, modular nuclear power plants must receive a feed-in premium similar to that offered to offshore wind projects, leveraging their advantage of shorter construction times over wind projects.