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I don't see much progress in the renewable space in Australia to...

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Stan88

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15/05/23

13:42

Post #: 67778163
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Originally posted by g12m0: ↑

One day it will. But not yet. Look at the progress in Snowy Hydro Project.

'They need to get a move on'
Simon Bartlett has not worked on Snowy 2.0 but he has been a senior engineer on other pumped-hydro projects in Australia and overseas.

He said the tunnelling was taking place in challenging conditions, but it would need to speed up.

"At the rate they're going it's going to take more than 80 years to complete the 17km," Mr Bartlett said.

"Hopefully they get into better rock conditions, hopefully they can do it and satisfy the Department of Environment that they won't cause more environmental harm, but they really need to get a move on."

Professor Bartlett said the goal of full operation of Snowy 2.0 by 2029 was an "incredibly aggressive target".

"Snowy Hydro have said they won't know exactly when the scheme will be finished until they get halfway digging the underground cavern for the power station," he said.

"I personally think completing this before the 2030s would be an incredible task if they could pull that off."

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I don't see much progress in the renewable space in Australia to be fair. Hence why I follow the gas market.
In saying that, my investments will be supplying Europe and America.
Dyor

BPT Price at posting: $1.39 Sentiment: Hold Disclosure: Not Held
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