Alinta Scraps $1.8 Billion Pumped Hydro Project in NSW
One analyst says pumped hydro may not be a viable option given Australia's struggling economy and high costs.
Alinta Energy has decided to cancel its planned $1.8 billion Oven Mountain Pumped Hydro Energy Storage Project in New South Wales. The 900-megawatt facility was intended to store renewable energy and support the state’s transition away from coal-fired power. Despite extensive assessment, the project has been scrapped.
- Alinta Energy is canceling the $1.8 billion Oven Mountain Pumped Hydro Energy Storage Project.
- The project was planned for the north coast of New South Wales.
- It was designed as a 900-megawatt facility to store renewable energy.
- The project aimed to help NSW add more renewables and replace coal power.
- The facility would pump water uphill between two reservoirs to store energy.
- It was expected to power 600,000 homes.
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