Looks like the snowy mountains scheme blow out makes your battery more costly than nuclear & ruins a pristine national park as well.
Two for the price of one...Go Greenies.
The true cost of your green power & battery back up is now becoming acutely aware.
Former prime minister Malcolm Turnbull’s vision for the Snowy 2.0 pumped hydro scheme to power Australia’s renewable energy future looks like coming at a huge cost.
Although a 2000-page environmental impact assessment released last week has given a green light to the largest electricity infrastructure project ever undertaken, expert objections to its cost in financial and environmental terms are alarming.
“Initially promised at $2 billion, it was quickly revised to $4 billion and a contract for part of its construction has been agreed at $5.1 billion,” said Dr Bruce Mountain, director of the Victoria Energy Policy Centre.
The NSW NPA has said that a price tag of $10 billion for Snowy 2.0 now looks more likely .
Twenty square kilometres of largely undisturbed native alpine bush would be affected, with nine million cubic metres of excavated rock spoil to be dumped throughout the park including in existing reservoirs, reducing their active storage capacities and stream flows.
But the most disturbing critique has come through Dr Mountain’s analysis of the business case for Snowy 2.0 and its cost to taxpayers.
When completed, Snowy 2.0 would not have a monopoly in Australia’s national electricity market.
“There has been no credible market assessment and this alone represents an unjustified risk,” Dr Mountain said.
It is inconceivable that Snowy 2.0 will produce revenues that are vaguely close to that needed to compensate its capital outlays,” Dr Mountain said.
“This is because the volume of electricity it can produce, valued at the difference between the price paid to pump water uphill and the price received when running the water back down the hill again, will be too small.”
(And this is the biggest we have in Asutralia)
Snowy 2.0 will pump water through underground tunnels to the power station for “quick-start” electricity generation at critical times of peak demand “including when intermittent renewable energy output or thermal generation is low”.
Which is very frequent.
“We should pause the project until this is done. This is desperately needed to provide confidence to taxpayers that their money will not be flushed down the drain.”
Greenies try to save the climate by destroying the planet & now the economy. Lets throw $52billion at it & have an NBN type over run, that will fix the C02...
One nuclear plant chugging along 24/7 would be a FAR better spend on taxpayer money.
