On every count, Snowy 2.0 is a disaster in the making

On every count, Snowy 2.0 is a disaster in the making, by Ted Woodley and 36 other industry experts, including a bunch of engineers from the Snowy.

It is now even clearer that there are numerous alternatives that are lower cost, more efficient, quicker to construct, and incur fewer emissions and environmental impacts. …

Substantial evidence continues to emerge that further refutes the core claims of the project.

Details confirm that the Snowy 2.0 business case, issued almost two years ago by Snowy Hydro, was based on grossly inflated revenues and understated costs. Put simply, the federal government was presented with a profoundly flawed justification.

On the revenue side, the output of Snowy 2.0 from 2025 to 2042 is now forecast to be less than half the business case estimate

Not only has output been over-estimated by 100 per cent, Snowy 2.0 is not urgent or critical for the transition to renewable energy, nor itself “renewable”.

On the cost side, the business case estimate of $3.8bn to $4.5bn is understated, also by about 100 per cent. It has been disclosed that the estimate does not include all project costs, and has already been exceeded by a $5.1bn contract for just a portion of the works. …

It is now clear that Snowy 2.0 will never pay for itself. …

Battery costs are plummeting and are likely to continue to do so into the 2030s, crowding out pumped hydro. …

Your governments have conceded the inevitability of pest fish and pathogens being transferred from Talbingo Reservoir to Tantangara Reservoir and then throughout the Snowy Mountains and downstream rivers (Murrumbidgee, Murray, Snowy, Tumut). Native fish and recreational fishing will be devastated. A critically endangered species, stocky galaxias, will become extinct.

Slick video, but in reality it’s just another pointless green energy disaster.

Who’s getting rich from Snowy 2.0?