Finland has given the initial permit for three nuclear reactors in the past 25 years. One was eventually built after massive delays and cost overruns. Another was canceled, because the company chosen to build it first proved to be incompetent and later also politically undesirable. As for the third reactor, the company that got the permit determined that it makes more sense to invest the money in something else.
I am still surprised that America hasn’t it treated it like a Sputnik moment, but we live in different times than the mid late 1950s. I think we’re waiting for the Chinese to ship it around the world like EV cars. Imagine a Thorium reactor that can be put into the bowels of a Hospital or an office building basement and supply electrical power.
Yes it's subsidized, everything in China is subsidized, that's the best part of a planned-capitalist economy. But it's actually becoming more market driven so they can reduce financial pressure and force efficiency from competition. In 10 years those subsidies are gonna be a lot smaller
The statement about subsidies is false too for existing plants. IPEX data is public. There are more subsidies for new units because the west is bad at construction but the amount is still not that great. Heck, biomass in EU gets 2x the CFD's vs min profitability limit of french Flamanville...
China probably fits in the "politically undesirable" category these days.
Considering the Europeans are currently hollowing out their industrial base by importing Chinese EVs instead of building their own, I don't see a nuclear reactor being a bridge too far.
Solar and wind is still vastly cheaper for them and still much cheaper when paired with storage.
https://www.technologyreview.com/2019/04/22/136020/how-greed...
"Most significant was the decision to abandon adding an extra wall in the reactor containment building—a feature designed to increase protection against radiation in the event of an accident."
Most reactors currently in operation have a single wall containment building. The EPR has double layer containment, but the new EPR2 reactor will have single-wall prestressed concrete containment structure with a metal liner.
https://en.wikipedia.org/wiki/EPR_(nuclear_reactor)#EPR2_des...
Also Korea’s nuclear industry as pretty far from decline:
https://www.world-nuclear-news.org/articles/khnp-sets-out-pl...
https://www.world-nuclear-news.org/articles/sites-selected-f...
Areva underbid on the fixed price contract to win against the ABWR, IIRC. Admittedly the Fins were not pleased at the time overrun, but the construction cost was historically not so bad given it was FOAK in a country without recent construction experience .