100% ownership of Snowy 1.0 & 2.0, page-93

Hi Raider ,

I agree that the build time will be an issue . These things do always take longer and cost more than expected . I also agree that future battery technology and the management of will impact the project .

However , I look at it this way . The shift from fossil to renewables is a paradigm shift . It is the first time in 60-70 years that a major change has been made . It is likely that a version of this change will power the country for at least the next 50 years .

We could wait to see what happens with technology although we will be at the mercy of no policy . We've seen how bad that is .
Of course if everyone took that view and waited for the technology to develop , there wouldn't be the rate of change that we have now .

I am very confident that distributed storage and generation will be the norm at some point . But I think that will compliment the Snowy 2.0 . And , with this project we are hedging our bets . While distributed storage might be the thing , it might be developed slower than we think . It will also require significant upgrading of distribution networks as well .
And then there's the independence . Distributed storage will be controlled by the homeowner . We do need a couple of large retailers to be involved for the market to work properly .

We also will need a large batteries to absorb the predicted excesses of summer midday sun or large windy events whilst the distributed smaller batteries might not be available .

Renewables are great but we are still only playing around the edges .You can have all the renewables you like but it is the storage capacity that is the key .

Maybe in 50 years time Snowy 2.0 might be redundant . If that's the case I still think it will be worth the investment for grid stability in the meantime .