News

SNOWY 2.0 PROJECT UPDATE – JANUARY 2024

31/01/2024

Deep underground at Lobs Hole in the Snowy Mountains is the heart of Snowy 2.0, the pumped-hydro expansion of the mighty Snowy Scheme. It’s where we’re building a huge power station complex that will house equipment capable of generating 2,200 megawatts of renewable energy.

In this month’s update we’re celebrating a major power station construction milestone – the breakthrough blast of the machine hall cavern crown.

With excavation of the crown – or ceiling – of the cavern taking place from both ends, the final three metres of rock are drilled and charged with explosives according to a precise blast plan.

The tunnels are cleared and the shotfirer arms the electronic blasting system which uses a unique electrical pulse to initiate firing of the explosives.

According to Snowy 2.0 project director Dave Evans, the machine hall achievement signals further progress after the recent transformer hall cavern crown breakthrough and restart of tunnel boring machine Florence in the headrace tunnel at Tantangara.

“These milestones are only possible with the whole team working together as one, whether they are subcontractors like Orica, the company managing underground blasting operations, or the lead contractor Future Generation and Snowy working so closely together.”

To see the latest Snowy 2.0 project’s statistics, view the fact sheet here.

As the underground drill and blast works continue, the manufacturing of major hydropower components for Snowy 2.0 is also well underway.

Snowy Hydro senior quality engineer Victor Teo is based for part of the year in Shanghai, where Voith Hydro – the company producing major power station equipment for Snowy 2.0 – has a large facility.

He also travels to nearby cities including Zhuji and in his quality and compliance role, participates in factory acceptance tests and hold point inspections for components being fabricated by subcontractor Shenke such as the draft tube liners and cones, and the huge stator frames.

The draft tube liners funnel water into and out of the power station turbines and are comprised of six segments. They are 4.6 metres high, 30 metres long and weigh 40 tonnes when assembled.

The six stator frames that house the generator are fabricated in two halves and are welded together for a total weight of more than 400 tonnes.

Snowy Hydro has an integral part to play in establishing high standards of equipment manufacturing, which meet the engineering requirements for our critical Snowy 2.0 project infrastructure.

News

SNOWY HYDRO RELEASES 2023 SUSTAINABILITY REPORT, EXPANDS WIND FARM DEAL

11/01/2024

Snowy Hydro has released its 2023 Sustainability Report, underscoring the company’s commitment to environmental responsibility, community support, and the ongoing pursuit of clean, sustainable energy solutions.

The report outlines Snowy Hydro’s Sustainability Program, which aligns with the company’s integral role in Australia’s renewable energy future. It highlights three prioritised sustainability opportunities for 2023-24:

Understanding and mitigating risks associated with climate change
Emissions reduction and facilitating the decarbonisation of the National Electricity Market (NEM)
Strengthening relationships with Traditional Owners and communities where we operate

Snowy Hydro is a major contributor to the reshaping of the NEM to support the transition to a cleaner, low-carbon economy. The company aims to be a driver and enabler of least-cost NEM decarbonisation.

Snowy Hydro CEO Dennis Barnes said reliability, security of supply, and supporting a sustainable transition would remain the central considerations behind how the company operates, develops and maintains its nationally critical infrastructure.

“As Australia undergoes significant changes in its energy markets, Snowy Hydro remains steadfast in its commitment to delivering clean, sustainable, and affordable energy, contributing to a brighter and more sustainable future for all,” Mr Barnes said.

“We are already reducing our low emissions intensity profile by investing in new generation technology and materially increased renewable capacity.

“Investments in the Snowy 2.0 and Hunter Power Projects, the Renewable Energy Procurement Program, and the development of green hydrogen capability directly support that purpose.”

Mr Barnes said energy purchased through Snowy’s wind and solar offtakes continued to grow. The offtakes will deliver approximately 5,200 GWh annually and exceed Snowy Hydro’s expected long-term hydroelectric generation.

The new wind and solar generation Snowy Hydro is enabling will displace more than 33 million tonnes of CO2 per annum. This equates to a 28% reduction in NEM emissions from 2022 levels and approximately 13% of Australia’s total emissions reduction target for 2030.

Mr Barnes today also announced the signing of a further 100 megawatts of renewable capacity from Squadron Energy’s Uungula Wind Farm over 10 years.

“This adds to the 200 megawatts over 15 years that Snowy signed with the project in 2022.

“We are proud to continue supporting important projects like Uungula Wind Farm which will produce enough renewable electricity to power more than 220,000 homes, and will prevent more than 560,000 tonnes of carbon emissions.”

Snowy Hydro has developed and sold products within a new environmentally-focused product class for its commercial and industrial customers, which includes some of Australia’s largest shopping centres, universities, banks and property managers.

The 2023 Sustainability Report outlines our commitment to supporting local communities through employment, education and environmental responsibility.

Snowy Hydro actively fosters diversity and inclusion, aiming to increase female representation in the workforce (currently at 42.5%), particularly at senior levels.

Snowy Hydro has a long history supporting the local communities in which it operates. This includes partnerships and sponsorships with not-for-profit organisations, community grants programs, contributing to local infrastructure, and economic investment in communities. The Snowy Hydro 2023 Sustainability Report is available to download on the Snowy Hydro website.

FAST FACTS

Snowy Hydro releases 2,300 gigalitres of water each year, which generates an average of approximately 4,250 gigawatt hours (or 4.25 terawatt hours) of renewable energy.

Approximately 94% of Snowy Hydro generation comes from renewable sources.

With a generation capacity of 5,500 MW, Snowy Hydro is the third-largest generator by capacity and one of the largest renewable generators in the National Electricity Market.

Snowy Hydro’s hydro operations have the lowest carbon intensity of Australia’s largest generators.

Snowy Hydro is investing in clean, on-demand electricity generation and storage through the expansion of the Snowy Scheme. Snowy 2.0 will add 2,200 MW of generation capacity and 350,000 MWh of storage capacity.

The Hunter Power project will provide 660 MW of dispatchable, on-demand electricity, enabling variable renewable energy sources (wind/solar) to operate in the NEM.

In FY2024, Snowy Hydro anticipates approximately 2.5 terawatt hours of wind and solar energy will be provided through power purchase agreements.

Snowy Hydro employs 1,956 people in Victoria, New South Wales and South Australia, with a further 2,700+ for Snowy 2.0, and 460 on the Hunter Power project.
42.5% of Snowy Hydro employees are female, 57.4% are male and 0.1% are nonbinary or unspecified.

News

SNOWY 2.0 PROJECT UPDATE – DECEMBER 2023

19/12/2023

In December’s Snowy 2.0 update, Snowy Hydro CEO Dennis Barnes recaps progress and key events throughout the last 12 months.

The review and reset of the pumped-hydro Snowy Scheme expansion project has been a major milestone in 2023.

The reset has put Snowy 2.0 on a robust and sustainable footing, with new contract arrangements in place and a revised cost of $12 billion. The full commercial operation date for the new 2,200 megawatt power station is December 2028.

The focus for the project is prioritising safety and environmental outcomes while achieving construction program targets.

Meanwhile tunnel boring machine (TBM) Florence is underway again at Tantangara after a significant period paused in soft ground conditions after a surface depression formed above the cutterhead. Following an extensive process of ground stabilisation, the project has recently received NSW government approval for a planning modification, enabling the machine to restart tunnelling the headrace adit.

Progress highlights for 2023 include TBM Lady Eileen Hudson being relaunched in July to excavate her second tunnel for the project – she’s now one kilometre into the tailrace tunnel.

There are more than 2,700 people employed on Snowy 2.0 and a total of 20 million hours have been worked to date.

Drill and blast excavation of the power station cavern crowns is well underway from both ends of the machine and transformer halls and we’re seeing large power station components manufactured by Voith Hydro delivered to site.

Senior electrical quality engineer Victor Teo is in Shanghai, China, where Voith is fabricating some of the key electrical components for Snowy 2.0, including stator bars, rotor bars and poles.

The stator bars are bent to a precise shape and highly specialised insulation tape is applied by both machine and technician. These bars are part of the generator which is connected to the transformer to deliver electrical current.

Insulation resistance and short circuit tests are conducted on every bar to ensure compliance with our engineering requirements and Australian Standards.

468 stator bars are needed for each of the six pump-turbine generator units, so over 3,000 of them including spares will be produced.

There is always a member from the Snowy Hydro team in China to conduct quality assurance activities, monitor progress, act as a conduit to close out technical issues and to conduct Factory Acceptance Tests

Snowy 2.0 project manager and environmental engineer Emily Martin is at Tantangara, where TBM Florence is tunnelling in slurry, or closed, mode. This mode utilises the onsite slurry treatment plant and allows the team to pressurise the ground around the TBM to provide additional stability.

The intake excavation works at Tantangara are progressing well, with stage 2 well underway.

This involves another 78,000 cubic metres of drilling and blasting earthworks, along with rockbolt installation and shotcreting.

The intake excavation, which is where water will enter the headrace tunnel, is currently about 35 metres deep and it will be extended to a total depth of 55 metres.

News

SNOWY 2.0 TUNNELLING RESTARTS AT TANTANGARA

13/12/2023

Tunnelling of the Snowy 2.0 headrace adit at Tantangara has restarted following NSW government approval for the project’s planning modification.

Tunnel boring machine (TBM) Florence’s initial advance commenced last week. Tunnelling is being conducted in closed (slurry) mode and progress is slow and steady. The project has engaged specialist experienced personnel to manage this process.

Snowy Hydro CEO Dennis Barnes welcomed the milestone, which comes after a delay caused by soft ground conditions and the emergence of a sinkhole above TBM Florence.

“We were very pleased to receive the green light for tunnelling at Tantangara to recommence and to allow remediation of the subsidence area,” Mr Barnes said.

“The conditions of approval were developed through the extensive review, public consultation and determination process, and will be strictly adhered to as we get back underway with excavation of the tunnel.

“The Snowy 2.0 delivery team is acutely aware of its responsibilities working in the sensitive environment of Kosciuszko National Park. We are focused on achieving excellent environmental outcomes throughout construction of this pumped-hydro expansion of the Snowy Scheme and critical infrastructure for Australia’s transition to renewable energy.”

The modification approval extends the project’s western boundary above the TBM at Tantangara. This will enable close monitoring of surface conditions as TBM Florence advances. Surface monitoring will continue until there is at least 100 metres of overburden (distance from the TBM to the surface).

In preparation for the restart of tunnelling at Tantangara, extensive geotechnical investigations were carried out on the headrace adit alignment, along with ground improvement works.

Elsewhere on the project:

At Talbingo, the Snowy 2.0 project continues to make good progress with excavation of the tailrace tunnel. TBM Lady Eileen Hudson has excavated approximately 1,000 metres since its relaunch in July.
Manufacturing of Snowy 2.0’s six pumped-hydro units that will generate up to 2,200 megawatts of power for Australia’s electricity grid is in full swing.
Five of the six 153 tonne spiral cases have been manufactured, along with four draft tube liners and cones, three main inlet valves and other major power station components, including the first turbine runner. One of the 13 metre long, 7.5 metre wide spiral cases was recently delivered to Lobs Hole, making a 442-km night time journey from Port Kembla to the Snowy Mountains.

Snowy 2.0 spiral cases and other components at the Voith Hydro Shanghai factory.

News

OVER 25 GROUPS BENEFIT FROM SNOWY HYDRO COMMUNITY GRANTS

11/12/2023

Snowy Hydro continues its strong support for local not-for-profit organisations and community groups, with almost $150,000 distributed to 29 applicants in the second round of the 2023 community grants program.

In this round, more than 70 grant applications were received, which offered grants of up to $10,000 to support projects, local festivals, events and initiatives that benefit the local communities of the Snowy Mountains and surrounds.

The funding was distributed across the three Local Government Areas (LGAs) where our hydro regions operate. The grants support activities such as an Indigenous mentoring program; respite housing fitout, community race days, shows and large regional festivals; the creation of educational signage and murals at local museums and historical societies; along with care packages for those suffering from cancer.

The successful applications are all underpinned by Snowy Hydro’s four community commitment pillars – education and development, health and wellbeing, regional capacity building and environment.

Each year the Snowy Hydro Community Grants Program has two rounds of funding. The first round of applications for 2024 will open in February. Please ensure your application aligns with Snowy Hydro’s Community Commitment Pillars and grant selection criteria. Each round numerous applications are received and not all will be successful.

In order to be eligible for a grant, each application undergoes a diligent assessment process to maintain consistency and transparency across the program. Applicant groups must be located within the Snowy Monaro, Snowy Valleys or Towong LGAs, be a non-profit group or organisation holding an Australian Business Number (ABN) and align with Snowy Hydro’s Values.

Applications are to be submitted online via the Snowy Hydro website and the proposed project or event must respond to a community need, provide tangible benefits to the community, strengthen the community by providing opportunities that align with Snowy Hydro’s community commitment pillars, demonstrate strong governance, foster strong and sustainable partnerships within the community and return value for investment.

For more information about Snowy Hydro’s Community Grants Program visit: https://www.snowyhydro.com.au/communitygrantsprogram/

News

SNOWY 2.0 PROJECT UPDATE – NOVEMBER 2023

05/12/2023

Snowy 2.0 is entering an exciting phase as we build the largest single project that will help ensure Australia’s secure and reliable transition to renewable energy.

In this month’s project update Hamish Pryor, construction director for Snowy 2.0, provides an overview of the power station equipment manufacturing that is in full swing.

The bespoke Snowy 2.0 power station components are being fabricated with precision and skill at one of Voith Hydro’s global production facilities in Shanghai, China.

Voith Hydro is partnering with Snowy 2.0 to make the six pumped hydro units that will generate up to 2,200 megawatts of power for Australia’s electricity grid.

Voith has more than 150 years of experience in hydropower systems and its highly skilled team is developing efficient and reliable equipment that will support the 150-year design life of Snowy 2.0.

At the Shanghai factory, every item that is manufactured for the project undergoes comprehensive quality checks and testing before being shipped to Australia.

Voith’s quality, research and development team in Germany works directly with its Shanghai engineering experts on design, manufacturing processes and quality control. The team also collaborates closely with the Snowy 2.0 project team in Australia.

Among the large components being manufactured are the 13 metre-wide spiral cases and the main inlet valves – each weighing 140 tonnes and 2.2 metres in diameter – and the 31-tonne runners.

The runner is the heart of a hydro power turbine – it’s the rotating element that drives the generator to produce electrical energy. Exceptional machining and highly specialised welding skills are used to fabricate the components.

In Voith’s state-of-the-art electrical workshop more than 2,700 stator bars – which will be connected to the transformers to deliver power produced in the generators – are being manufactured.

Snowy Hydro has team members based in Shanghai to conduct quality assurance activities and monitor progress, while specialist mechanical and electrical engineers attend factory acceptance testing.

Recently, the final acceptance test for the first unit runner was completed and celebrated with a photo in the workshop.

In the Snowy Mountains in NSW, the Snowy 2.0 delivery team is also creating water intakes at the Talbingo and Tantangara reservoirs. A 28-metre diameter, 250 metre-deep surge shaft is being built at Marica and will become one of the largest operating shafts in the world.

Tunnel boring machines excavating the Snowy 2.0 tunnels are lining them with locally-made concrete segments – we’ve manufactured almost 90,000 of them at the Cooma precast factory so far. And the underground power station cavern complex is underway, with drill and blast excavation.

News

SCIENCE OF THE SNOWY SCHEME COMPETITION WINNERS

04/12/2023

Snowy Hydro is excited to announce the winners of this year’s annual Science of the Snowy Scheme Competition, from a total of 128 entries!

This year’s competition was created to increase students’ engagement with Snowy Hydro STEM experts during National Science Week 2023.

Stage 2 and 3 (year 3-6) students in the Snowy Mountains and surrounding areas were given the opportunity to take part in the competition, which included a colouring-in and a written response task. The students were asked to answer the question: Who is someone that inspires you and why?

The children were inspired and excited to use their creativity while also displaying insightfulness in their written pieces. Some students wrote about their parents or friends, others discussed their teachers, favourite singers, athletes and celebrities.

There were two judging categories to review entries across stage 2 and stage 3. This included an esteemed and diverse panel of four judges, as well as ‘Community Choice’ voting.

The ‘Judges’ Choice’ panel included the Hon Kristy McBain MP, Member for Eden-Monaro, local artist Rowena Evans, David Eisenhauer from local radio Sounds of the Mountains and Snowy Hydro mechanical engineer Sara Roder.

The competition entries were open to the public to vote for the ‘Community Choice’, where all student work was available for viewing and voting on the Snowy Hydro website.

All judging has now concluded, with a winner and runner-up selected for stage 2 and 3, under each judging category. The winners will receive a VIP catered experience at the Snowy Hydro Discovery Centre and a STEM prize package valued at $150 and the runners-up will each collect a STEM prize pack, also valued at $150 each.

Snowy Hydro are proud to announce the winners of the 2023 Science of the Snowy Scheme Competition:

Judges’ Choice – Winners

Stage 2 – Ellie Reid | St Patrick’s Parish School Cooma

Stage 3 – Clara Stefanetto | St Patrick’s Parish School Cooma

Judges’ Choice – Runners-up

Stage 2 – Emilio Brazulaitis | St Patrick’s Parish School Cooma

Stage 3 – Cormac Girling | St Patrick’s Parish School Cooma

Community Choice – Winners

Stage 2 – Bella Chorvat | Cooma Public School

Stage 3 – Lola Tonissen | Delegate Public School

Community Choice – Runners-up

Stage 2 – Hamish Walker | Delegate Public School

Stage 3 – Harlan Ingram | Delegate Public School

The winning entries will be displayed on the Snowy Hydro website and showcased at the Snowy Hydro Discovery Centre in Cooma.
Stay tuned for the 2024 Science of the Snowy Scheme Competition which will run in Term 2. For more activities, visit the Snowy Hydro Next Generation Education Academy on the Snowy Hydro website. https://www.snowyhydro.com.au/education/nextgen/

News

SNOWY 2.0 PROJECT UPDATE – OCTOBER 2023

08/11/2023

In this month’s project update, we check on tunnel excavation at Talbingo, progress at the upstream surge shaft at Marica, and we hear about the specialised drilling underway to prepare for services such as power and communications between Lobs Hole, Marica and Tantangara.

Will Binsted, Snowy 2.0 Lobs Hole Construction Manager, has been working on the project for four years and is responsible for coordinating both surface and underground works. Will, who lives locally in Tumut, liaises with technical specialists as well as designers and project engineers across the busy worksite.

To see the latest Snowy 2.0 project’s statistics, view the fact sheet here.

A complex task is underway at Lobs Hole to drill boreholes for the pipes that will house power, water and fibre optic cable for communications across three of the Snowy 2.0 sites.

Horizontal directional drilling (HDD) is being used to drill 2.2km-long boreholes from Lobs Hole to Marica. The holes are initially 300 millimetres in diameter and have an elevation difference of 650 metres.

Two drilling operations are underway from top and bottom and will join up to create a continuous borehole before being enlarged to 660 millimetres in diameter.

This type of drilling is used for service lines that cross under waterways or underground structures and requires a high level of skill to maintain directional control while operating a drill string up to 1.8km long. Snowy 2.0 has contracted HDD experts Michels for the project.

The boreholes eliminate the need to construct approximately five kilometres of roads and excavate up to 60 metre cuts in the steep terrain, helping the Snowy 2.0 project team minimise environmental impacts.

HDD techniques will also be used to take services under the Snowy Mountains Highway and waterways across the plateau through to the Tantangara worksite.

At Marica, the 28 metre diameter headrace surge shaft is now one-fifth of the way to its final depth of 263 metres and we’re starting drill and blast activities. There are two hoisting buckets called kibbles with a capacity of 25 tonnes for loading out excavated rock.

Excavators break up the rock with hydraulic hammers before it’s loaded into the kibbles and craned out of the shaft. The kibbles are lowered into hoppers and the rock drops into an articulated dump truck before being removed to a temporary stockpile area.

With the shaft now more than 50 metres deep, an integrated work platform and personnel hoist is being installed to provide worker access. We’ve installed ventilation ducts to manage air quality.

At Talbingo, tunnelling of the tailrace adit is complete. TBM Lady Eileen Hudson is now excavating the tailrace tunnel alignment and heading towards the power station complex. This marks the start of the first power waterway on the Snowy 2.0 project.

Excavation is ahead of schedule, with more than 26 metres recently excavated in a single day. The tailrace tunnel is six kilometres in length, with TBM excavation continuing through to mid-2025.

Snowy 2.0 is being engineered to deliver clean and reliable energy storage and generation for the next 150 years. The target date for commercial operation of all units is December 2028, with first power expected in the second half of 2027.

News

SNOWY 2.0 PROJECT – COMMUNITY INFORMATION SESSIONS IN NOVEMBER

02/11/2023

Interested in the latest updates from the Snowy 2.0 renewable energy mega project?

Snowy Hydro and Snowy 2.0 principal contractor Future Generation Joint Venture are inviting local community members to attend information sessions being held throughout the Snowy Mountains in November.

These in-person events enable locals to be updated about the project, ask questions and provide feedback. Hear from the Snowy 2.0 team about:

the recent project reset
project progress, construction activities and news
traffic management, environment and safety
accommodation, recreation access and other local issues;
local suppliers, jobs and training on Snowy 2.0.

Snowy Hydro CEO Dennis Barnes said with a significant public focus on Snowy 2.0 in recent months, the sessions provided opportunities to find out more directly from project team members.

“We are committed to being open and transparent with you – our local communities – about our large and complex pumped-hydro project. A project of this scale and complexity has, and will, face challenges, but we continue to make solid progress across our construction and manufacturing operations.

“Snowy 2.0 is being engineered to deliver clean and reliable storage and electricity generation for Australians for the next 150 years. It is a project that is generating jobs and significant investment in regional areas.

“I encourage everyone to come along to one of our community information sessions to hear the latest about Snowy 2.0, discuss any local concerns that you may have and ask questions.”

The Snowy 2.0 community information sessions in November will be held in Talbingo, Tumut, Tumbarumba, Cooma and Adaminaby.

There will be some drop-in sessions, with the chance to speak one-on-one with project team members, and events featuring a formal presentation followed by community Q&As.

Community information sessions schedule:

Date	Town and location	Time
Wednesday 8 November 2023 Wednesday 8 November 2023	Talbingo shops Tumut River Brewing Co	12.00pm-2.00pm 6.00pm-7.30pm
Thursday 9 November 2023	Near Tumbarumba IGA, The Parade	12.00pm-2.00pm
Tuesday 14 November 2023	Cooma Car Club	6.00pm-7.30pm
Wednesday 15 November 2023	Adaminaby Bowling Club	6.00pm-7.30pm

News

SNOWY HYDRO COMMUNITY GRANTS ROUND TWO – APPLICATIONS NOW OPEN

22/09/2023

Snowy Hydro is a long-time major supporter of communities and is proud to announce that the second round of the 2023 Snowy Hydro Community Grants Program is now open.

Grants of up to $10,000 are available to support projects, local festivals, events and initiatives that benefit the local communities of the Snowy Mountains and surrounds.

In the first round of Snowy Hydro’s Community Grants Program earlier this year, there were more than 45 grant applications, with a total of $143,000 of funding distributed to 20 successful applicants.

The grants are available to a varied range of community groups, events and initiatives that align with Snowy Hydro’s four community commitment pillars of education and development, health and wellbeing, regional capacity building and environment.

Snowy Hydro CEO Dennis Barnes said “Snowy is proud of our ongoing commitment to communities and is pleased to provide positive, lasting outcomes and opportunities to the regions in which we live, work and serve.”

“If you have a project, activity or event that benefits the local communities of the Snowy Mountains and surrounds, I encourage you to check your eligibility and apply!” Dennis said.

In order to be eligible for a grant, each application has to undergo a diligent assessment process to maintain consistency and transparency across the program. Before applying, please ensure your application aligns with Snowy Hydro’s Community Commitment Pillars and grant selection criteria.

The proposed project or event should respond to a community need, provide tangible benefits to the community, strengthen the community by providing opportunities, demonstrate strong governance, foster strong and sustainable partnerships within the community and return value for investment. Importantly, applicant groups must be located within the Snowy Monaro or Snowy Valleys LGAs, or Corryong, Victoria, be a non-profit group or organisation that holds an Australian Business Number (ABN) and align with Snowy Hydro’s Values. All applications are to be submitted online via the online form, found on the Snowy Hydro website.

Applications for round 2 of the Snowy Hydro Community Grants Program must be received by Friday 15 October. Following the evaluation period, applicants will be advised of the outcome by 30 November 2022.

For more information about Snowy Hydro’s Community Grants Program visit: https://www.snowyhydro.com.au/communitygrantsprogram/

News

SNOWY HYDRO AND RED ENERGY SPONSOR KEEP AUSTRALIA BEAUTIFUL AWARDS

22/08/2023

Snowy Hydro and Red Energy are proud to announce the sponsorship of the Climate Change Mitigation & Adaptation category in the Keep Australia Beautiful NSW Tidy Towns & Sustainable Cities Awards.

Keep Australia Beautiful NSW is a national non-profit organisation dedicated to promoting litter prevention, environmental sustainability and community engagement.

Snowy Hydro CEO Dennis Barnes said the company’s sponsorship of the KAB NSW Tidy Towns & Sustainable Cities Awards would help increase awareness about how Snowy is supporting the transition to renewables in Australia.

“We are proud to have lived, breathed and delivered renewable energy to Australians through the mighty Snowy Scheme for generations,” Dennis said. “We are committed to continuing this legacy and enhancing it.

“The combined Red Energy and Snowy Hydro support for the KAB partnership continues our consistent commitment to sustainability and the communities in which we live and work.”

Through its programs and campaigns, Keep Australia Beautiful NSW inspires individuals and communities to take action in preserving and enhancing the natural and built environments.

The Keep Australia Beautiful NSW Tidy Towns & Sustainable Cities Awards celebrate the achievements of communities that demonstrate outstanding environmental practices, social inclusivity, and economic viability. By sponsoring the Climate Change Mitigation & Adaptation category, Snowy Hydro and Red Energy aim to encourage and motivate communities to take proactive measures towards climate resilience and a clean energy future.

This category focuses on recognising and rewarding local initiatives that address the challenges posed by climate change. These include the involvement of government and non-government organisations, community groups, businesses, schools, and individuals across NSW focusing on projects like renewable energy, enabling communities to adapt to a changing climate, and community engagement.
For more information about the Keep Australia Beautiful NSW Awards and the Climate Change Mitigation & Adaptation category, please visit KAB NSW Sustainability Awards website.

News

TagEnergy and Snowy Hydro ink momentous renewable Power Purchase Agreement

21/08/2023

Snowy Hydro to purchase 40 percent of Golden Plains Wind Farm energy and green certificates

Global clean energy enterprise TagEnergy has signed a significant renewable Power Purchase Agreement (PPA), entering a deal that will see Snowy Hydro take 40 per cent of the energy and green certificates (LGCs) generated by the 756MW first stage of Golden Plains Wind Farm.

This transaction is the first PPA for the Golden Plains Wind Farm since the first stage of the 1,300MW mega project near Geelong, Victoria achieved financial close in November 2022 on a merchant basis, which was unique at the time.

It comes as TagEnergy negotiates further PPAs for the project that has generated significant interest for its quality and location.

Franck Woitiez, Chief Executive Officer, TagEnergy said achieving financial close of Golden Plains Wind Farm East without the need for PPAs proved the effectiveness of its innovative investment approach.

“Now, this landmark PPA with Snowy Hydro proves our strategy to progressively contract the energy production during construction and operation. It also reflects the confidence major industry players like Snowy Hydro have in our large-scale renewables project expertise,” Mr Woitiez said.

“We are proud to enter this agreement with Snowy Hydro as we both work to ensure energy security and accelerate the transition to renewable energy as part of a rapidly growing industry,” he said.

The transaction has helped enable Snowy Hydro to secure a significant portion of its energy and LGC needs with a quality project that is at an advanced stage.

Snowy Hydro Chief Executive Officer, Dennis Barnes, said “our partnership with TagEnergy is a significant step in supporting the decarbonisation of the National Electricity Market and further enabling Australia’s transition to renewables.”

Snowy Hydro Chief Commercial Officer, Gordon Wymer, added, “TagEnergy has succeeded in developing an investment structure that provided optimal outcomes for all stakeholders. This has enabled Snowy to continue to expand its ability to provide clean, green, cost-effective renewable energy to our customers, and paves the way for further cooperation with TagEnergy on other developments.”

Construction on the $2bn, 756MW stage one development featuring 122 turbines officially began in April 2023 following months of early works including road upgrades. It is expected to start producing renewable energy in the first quarter of 2025.

The estimated annual emissions abatement is an average 770,000 tonnes CO 2 -e, or more than 23 million tonnes CO 2 -e over the project’s 30-year lifetime.