May 21 (Renewables Now) - The New South Wales government has granted planning consent to the Snowy 2.0 pumped storage power station project, it announced on Thursday.
The scheme, proposed by energy group Snowy Hydro Ltd, is an expansion of an existing hydroelectric complex and will add 2,000 MW of capacity. With six pump turbines, the new facility will provide 350 GWh of energy storage, enabling grid stabilisation and further integration of power generated by renewables.
The project is expected to bring some AUD 4.6 billion (USD 3.1bn/EUR 2.8bn) in investments into the state and create up to 2,000 new jobs, the state government said. It noted that its approval includes strict conditions that aim to offset the project’s impact on the environment.
The Australian government will have the final say on the project.
Snowy 2.0 will connect the two existing Snowy Scheme dams, Tantagara and Talbingo, through an underground tunnel system and an underground power station that will house the pump turbines. First power is expected in early 2025, while the six pump units will be commissioned thereafter.
(AUD 1.0 = USD 0.656/EUR 0.599)