Supplied by Snowy Hydro

By Jo Nova

Australia’s star “Renewables BackUp” the Snowy Hydro 2.0 scheme has been delayed another two years. The pumped storage mammoth looks more like a ghost elephant every day. When last we heard, Florence the hapless tunnel boring machine started on a 15 kilometer tunnel and carved through 150 meters of rock only to get stuck in some sand, where it is still stuck months later. Now the completion date has blown out to late 2029.

When it started in 2017 it was supposed to cost $2 billion, and be finished in four years. Now, if we include transmission lines, the cost is about $20 billion, and the four years has become twelve. Even the Greens leader Adam Bandt thinks it should be ditched. It’s that bad.

Paul Broad was the CEO of Snowy Hydro for ten years until August last year. So he managed one of Australia’s largest single generators for a decade. Now that he’s free to speak, he’s scathing about the renewables transition. On Thursday he spoke to Ben Fordham of 2GB radio making it clear what a fantasy project NetZero is:

“The notion that you’re going to […]