Connect with us

Hi, what are you looking for?

CleanTechnica
Australian electricity generator and retailer Snowy Hydro announced earlier this month that it has signed 8 wind and solar contracts which are expected to total 888 megawatts (MW) and will provide electricity to 500,000 households. 

Clean Power

Australia’s Snowy Hydro Announces 888 Megawatts Of Wind & Solar

Australian electricity generator and retailer Snowy Hydro announced earlier this month that it has signed 8 wind and solar contracts which are expected to total 888 megawatts (MW) and will provide electricity to 500,000 households. 

Australian electricity generator and retailer Snowy Hydro announced earlier this month that it has signed 8 wind and solar contracts which are expected to total 888 megawatts (MW) and will provide electricity to 500,000 households.

While Snowy Hydro has a range of power generation sources — including the eponymous hydropower, as well as gas and diesel — the company is responsible for one of the great infrastructure achievements in Australia’s history, the 4.1 gigawatt (GW) Snowy Mountains Hydro-electric Scheme, which boasts 9 hydro-electric power stations and 16 large dams located mainly in the Kosciuszko National Park, in New South Wales. Constructed between 1949 and 1974, the Snowy Mountains Hydro-electric Scheme is the largest engineering project ever undertaken in Australia.

Moving forward, however, Snowy Hydro is looking to other renewable energy technologies, and on November 1, the company announced that it had signed 8 wind and solar contracts worth 888 MW which are expected to generate approximately 2.8 terawatt-hours worth of electricity each year. The max price for the projects was below AU$70/MW-hour (MWh) for up to 15 years — well below the current wholesale price of electricity in the National Electricity Market, and also below the so-called “baseload” electricity provided by coal generation.

Snowy Hydro revealed that its advertised Renewable Energy Procurement Program received more than 7,600 MW worth of submitted projects, which were pared down to the awarded 888 MW, four solar and four wind, projects.

Worth noting is the fact that the price for the projects — which, though unspecified, we know was at least below  AU$70/MWh — includes firming. “In simple terms,” Snowy Hydro explained in their press release, “‘firming’ works by transforming intermittent energy into reliable energy so it’s available on-demand when a customer needs it. While the energy output of individual projects varies, Snowy Hydro’s power stations can work in combination with wind and solar, creating ‘firm’ reliable energy.”

The move comes amidst significant turmoil in Australia’s renewable energy sector, caused primarily by the country’s Federal Government, which publicly support the coal industry and shuns, belittles, and handicaps the renewable energy sector. However, the fact that Snowy Hydro is moving forward with its own renewable energy plans is proof that the technology is stronger than political opposition, and that the economics of renewable energy can withstand political pressure.

 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
 

Advertisement
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.

Comments

You May Also Like

Cars

For those of you who have just joined us, this is the middle of a saga about driving from Brisbane on the coast of...

Cars

For those of you who have just joined us, this is the middle of a saga about driving from Brisbane on the coast of...

Clean Power

In a new opinion piece by Sam Butler-Sloss and published by Carbon Tracker, the case is made for reframing the narrative around climate change...

Climate Change

How Australia’s lack of action is leading to insecurity in the area.

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.