IvorTheEngine t1_ixwdkor wrote
Reply to comment by Hanz_VonManstrom in Europe wants to harness the power of the sun... from space/The ESA wants to collect solar energy from the cosmos to help the continent meet climate targets by Sorin61
Right now the biggest problem is that it's really expensive, and takes a long time to build. Investing billions that won't start pay interest for at least 10 years isn't attractive to banks that need to show a profit every year, or governments that have to face an election every 4 years.
That's one of the reasons why small modular reactors are interesting. You don't have to invest so much before you start to see a return.
It's also why wind is doing so well. It's easy to borrow the cost of a turbine, or even a wind farm, and it starts making money pretty quickly.
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