Search results for: “snowy “

Storage

Slow progress at Snowy 2.0, with more “challenging” conditions ahead and a Florence clone
Snowy Hydro CEO says boring machine Florence needs to tunnel about 15 metres a day to keep Snowy 2.0 on track and says a fourth boring machine could be on the cards if the going gets tough again.
Sophie Vorrath

Feb 13, 2024

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Gas

Another dud Snowy Hydro project, squandering over $1.5bn of taxpayers’ money
Snowy Hydro’s Hunter Power Project has kept a low profile compared to Snowy 2.0 – but it has a strikingly similar list of troubles sending it over budget and off schedule.
Ted Woodley

Dec 6, 2023

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Renewables

How to ensure Bowen’s underwriting scheme doesn’t create another Snowy 2.0 debacle
Federal Labor’s move to underwrite 32GW of renewables and storage is nothing short revolutionary. But abandoning market-based mechanisms carries its own serious risks.
Tristan Edis

Nov 23, 2023

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Storage

Government snowed again, if it believes Snowy 2.0 is a commercial investment
An independent probe might cut through Snowy 2.0’s woeful history of impossibly optimistic estimates. The government should start by releasing the reset report.
Ted Woodley

Oct 25, 2023

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Storage

Truth behind Snowy 2.0 cost blowout buried with Florence, Senate Estimates hears
The Snowy 2.0 reset report has been comprehensively redacted, offering little insight into the project’s doubling of costs.
Sophie Vorrath

Oct 24, 2023

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Storage

Snowy 2.0 documents suggest the $12 billion project’s boring troubles are far from over
A planning application to fix Snowy 2.0 sinkhole and un-pause Florence offers insight into how the boring machine got stuck – and why more troubles could lie ahead.
Sophie Vorrath

Sep 6, 2023

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Governments

For the cost of Snowy 2.0, Australia could have 12GW of Tesla Megapack batteries
Snowy Hydro railed against battery storage when it sought to justify its vanity Snowy 2.0 scheme. But with 12,000 Tesla Megapacks we wouldn’t be arguing about the closure of Eraring.
Giles Parkinson

Sep 6, 2023

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Governments

Snowy Hydro boss apologises for cost blowouts, Bowen says it won’t be cancelled
The head of Snowy Hydro has apologised for large cost blowouts, while energy minister Chris Bowen says it would be a waste to cancel the project after so much has been spent.
Andrew Brown

Sep 1, 2023

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Storage

Snowy 2 Much: How can a 2.2GW water battery be worth more than $12 billion?
The Snowy Hydro “reset” comes with no details or analysis. The Australian public, as the ultimate shareholders, must be provided with a comprehensive report, not just a two page media release.
Ted Woodley

Sep 1, 2023

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Storage

Bowen confirms $12bn Snowy 2.0 cost blowout, says pitfalls should have been known
Federal government confirms huge blowout in costs of Snowy 2.0, with $4.3bn already spent, as Snowy Hydro sets a new path forward for the beleaguered project.
Sophie Vorrath

Aug 31, 2023

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