Australia has its former PM, Malcolm Turnbull to thank for its largest and most expensive renewable energy boondoggle, the Snowy 2.0 pumped hydro project.
Touted by the patrician and aloof Turnbull and his hapless sidekick, Josh Frydenberg as the Nation’s mega-battery, the heavily-hyped pumped hydro scheme (shelved in the 1970s because it was uneconomic then) has been heralded as the saviour for the Australian wind and large-scale solar ‘industries’.
The line goes something like this: if we use 3 MWh of wind or solar power to pump water through 27 km of tunnels, over an elevation of 900m, later, when power consumers actually need it, Snowy Hydro could return 2 MWh to the grid.
Never mind squandering 1/3 of the electricity originally generated; never mind that with the inclusion of the $85 per MWh REC the cost of the wind or solar power involved exceeds $110 per MWh; never mind…
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Utopia, you are standing in it! 
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