The controversial Snowy 2.0 project has mounted a major hurdle after the New South Wales government this week announced approval for its main works.
In a bid to boost the state’s economy and create jobs amid the Covid-19 crisis, the New South Wales government will accelerate the assessment of 24 projects, including the $4.6 billion Snowy 2.0 pumped hydro storage project.
New analysis highlights the need of, and Tasmania’s potential for, deep storage to back up Australia’s future energy market. Tasmania is determined to become the Battery of the Nation.
The Australian Renewable Energy Agency (ARENA) is providing nearly one million dollars for a study that will analyze the benefits that pumped hydro energy storage would have on the development of the New England Renewable Energy Zone in northern New South Wales.
30 experts from the energy, engineering, economic and environmental industries around Australia are calling on the Prime Minister and NSW Premier to withstand an independent inquiry into Snowy 2.0.
Tasmania has committed to being 100% renewable by 2022 and remains well on track to meet this target ahead of schedule. But the island state says it is well placed to set a more ambitious goal, which would see it double its renewable production and help mainland Australia reduce its emissions.
You’ll recall that in 2019, an Australian National University Study identified 22,000 potential pumped-hydro energy storage sites across Australia. Altura Group, is proposing development of three east-coast sites that are also close to strong transmission connections, abundant renewable resources and load centres.
Australia’s biggest power producer AGL and copper miner Hillgrove Resources have agreed to abandon the ambitious pumped hydro project at an old mine pit in South Australia. No longer bound by the project restriction, the owner intends to step up mining and drilling activities at the site.
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