Snowy 2.0 cost blowouts might be OK if the scheme stored power more cheaply than batteries. But it won’t
By Bruce Mountain, Victoria University Two years ago, Snowy Hydro announced a reset for its troubled Snowy 2.0 giant pumped hydro project amid cost blowouts. The supposed final cost was A$12 billion. Last week, Snowy Hydro acknowledged this figure was no longer viable after a cost reassessment. I estimate the final cost will be well…
