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AGL, Hillgrove drop 250-MW pumped hydro project in S Australia

Image by: Hillgrove Resources Ltd.

February 25 (Renewables Now) - Aussie utility AGL Energy Ltd (ASX:AGL) and mining company Hillgrove Resources Ltd (ASX:HGO) have decided to abandon their 250-MW pumped hydro energy storage project at an open cut copper mine in South Australia.

The two parties could not reach an agreement on a way forward to progress the project, the press statement says. The termination of the scheme will not lead to any ongoing obligation on either party.

The pumped hydro facility was supposed to be built at the Kanmantoo open cut copper mine in the Adelaide Hills region by 2024.

AGL noted that it still continues with a number of other storage projects such as the 100-MW Wandoan battery with Vena Energy in Queensland, a 30-MW battery with ElectraNet in South Australia and four 50-MW batteries to be installed by Maoneng Group in New South Wales.

“We’re also looking at the feasibility of a pumped hydro plant at Bells Mountain in NSW, which if progressed will provide more than 250 MW of new storage capacity, and we’re working with the NSW Government on a proposal to build a 50 MW battery at Broken Hill,” said Richard Wrightson, AGL’s Executive General Manager of Wholesale Markets.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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