Pumped Hydro

Pumped Hydro

Snowy 2.0: The making of one of Australia’s most spectacular infrastructure debacles
On the sixth anniversary of its announcement, we look at six unenviable records the Snowy 2.0 pumped hydro project has set.
Ted Woodley

Feb 20, 2023

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Pumped Hydro

Snowy CEO confirms project delays as he works to “unpause” blocked tunnel borer
You say ‘bogged,’ we say ‘paused.’ You say ‘sinkhole,’ we say ‘surface depression.’ Snowy Hydro’s new CEO updates Senate Estimates on 2.0 and Kurri Kurri.
Sophie Vorrath

Feb 14, 2023

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Utilities

Disastrous tunnelling delays underline folly of Snowy 2.0 pumped hydro scheme
The inside story of what went wrong with the Snowy 2.0 tunnelling, which has ground to a halt having barely moved in more than a year.
Ted Woodley

Feb 12, 2023

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Renewables

Snowy Hydro finally fesses up on delays to Snowy 2.0, and for Kurri Kurri too
Snowy 2.0’s estimated completion has been officially delayed, again, making its completion this decade look increasingly unlikely.
Ted Woodley

Feb 9, 2023

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Storage

Solar farm revenue slumps as market cools in aftermath of coal and gas crisis
Solar farm revenues have fallen by half from the giddy heights of last year’s market prices, but are still ahead of year earlier returns.
Giles Parkinson

Jan 31, 2023

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Snowy 2.0 confirmed as failed contractor’s biggest creditor, hundreds wait for funds
The collapsed engineering firm owes $248 million to creditors but asset sales already underway are not coming close to meeting that figure.
Rachel Williamson

Jan 23, 2023

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Government steps in to pave way for wind addition to solar and hydro hybrid
Queensland government steps in to give priority to the wind component of Kidston clean energy hub, which will be the first to combine wind, solar and pumped hydro.
Giles Parkinson

Jan 20, 2023

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Fossil fuel crisis prompts biggest ever switch to renewables and storage in 2022
The fossil-fuel induced energy crisis of 2022 has sparked the biggest ever jump in new construction starts for wind, solar and storage projects.
Giles Parkinson

Jan 18, 2023

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Storage

The new year will be all about grid firming as Australia rejoins race to renewables
We leave 2022 with a new policy clarity and momentum in the shift to renewables. The vital role of energy firming – including from batteries on wheels – is the next frontier.
Tim Buckley

Dec 21, 2022

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Storage

NSW backs new pumped hydro project promising 12 hours of storage
A pumped hydro project promising 810MW of capacity and energy storage of up to 12 hours has received a funding boost from the NSW state government.
Sophie Vorrath

Dec 19, 2022

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Ratings agency worried about cost blowouts at Snowy pumped hydro and gas projects
Snowy Hydro on negative ratings watch because of likely cost blowouts and delays at its Snowy 2.0 pumped hydro and Kurri Kurri gas projects.
Giles Parkinson

Dec 19, 2022

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Utilities

Snowy 2.0 contractor snaps up assets of collapsed partner at bargain price
Snowy 2.0 contractor buys out crippled partner, but questions remain over fate of some other key projects including a transmission link and a gas generator.
Giles Parkinson

Dec 15, 2022

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