Canberra breeds many white elephants, but now they are breeding a gigantic new breed of pachyderm in Australia’s Snowy Mountains – a Green Elephant. Grandly named “Snowy 2.0 Hydro-Electric”, it has the compulsory green skin, but it is just another big white elephant under a thick layer of green paint.
To call it “hydro-electric” is a fraud – it will not store one extra litre of water and will be a net consumer of electric power. It is a giant electric storage battery to be recharged using grid power.
Warren Buffett puts it bluntly:
“We get a tax credit if we build a lot of wind farms.
That’s the only reason to build them.
They don’t make sense without the tax credit.”
The solution to green energy disruption is simple. Do not allow any new spasmodic generators like wind and solar to connect direct to the grid. They must construct or contract for battery or other backup to moderate their fluctuations and increase reliability and predictability. Existing wind-solar farms already connected to the grid should lose all subsidies and be paid what their second class product is worth at the time it floods on to the grid.
Careful accounting of all long term effects will probably show no emissions savings whatsoever.
This generation breeds Green Elephants.
Viv Forbes has spent most of his life coping with the weather in rural Qld and NT – exploration, mine development, pasture management and raising sheep and cattle.