Project Overview
Synowy 2.0 is one of the main renewable energy projects in Australia. The main focus of Synowy 2.0 is to secure and transform low emission of carbon at a cheap price for all the customers. The two of the main dams in Australia that are connected with Snowy 2.0 projects are “Talbingo” and “Tantagara” in making a power station situated underground. Water will be pumped to the upper dam where there is excessive generation of renewable energy and the overall demand of energy is quite less (Chapman, Yee & Gomes, 2019). It helps in providing proper flexibility on managing the total power demand and in recycling of water within an enclosed loop by implementing the overall renewables efficiency. Excessive uses of wind and solar energy is used for pumping water and will be used later.
- The main stakeholder is the main contractor “Future Generation Joint Venture”
- The customers who could be getting a lot of advantages from the products particularly to all Australian People (Topfer, 2020).
The prime requirements of stakeholders are mainly as follows:
- On demand generating power capacity and in providing almost 350,000 megawatts hours of power storage.
- There is enough energy storage in providing power to almost a number of buildings for almost a course of week.
- There is a huge requirement of the project to properly invest in most of the transformative infrastructure across all of the regions.
In designing a complex power generation project, there are a lot of limits like budget resources and resources.
The snowy hydro 2.0 project has a lot of constraint that are mainly as follows:
- The project costs quite more and produces less output as per project plan which is the main challenge.
- The project will be a huge threat to 14 threatened species and that leads to habitat destruction.
- The project is estimated to cost almost approximately $10bn and the initial costs of the project will be almost $2bn which is the main challenge.
Snowy 2.0 is more of a win-win project in combating the climatic change and in fulfilling the overall global changes. It is mainly good for all types of renewables and will help in providing on demand energy production and storage of energy for all the consumers.
The mission of the project is to make all the customers happy with the service. The main goal is to properly ensure energy security and to follow proper values.
The main critical success factor of the project includes
- The allocated money to the Snowy hydro 2.0 project is $7.5billion.
- “Future Generation Joint Venture” and “Australian Government” are the main stakeholders of the project.
The main project deliverables in joint collaboration with the government includes are as follows:
- Snowy Hydro 2.0 is making an efficient portfolio and is more reliable in managing energy business.
- “Future Generation Joint Venture” and “Government of Australia” are the major stakeholders for funding the project.
Snowy Hydro 2.0 project helps in describing the probable events in facing the systems and are the desired scenarios:
- The proper energy security is used in increasing the overall competition in most of the energy markets.
- Irrigation water in western NSW and in generating hydroelectric power.
Regarding the snowy hydro 2.0 project, the main criteria in each of the scenarios are safety, reliability, maintenance and proper cost effectiveness . The hydro power project would be able to generate power and enhance the renewable efficiency with the help of wind and solar energy that will be stored for future use (Stocks, Baldwin & Blakers, 2019). The project will help in providing extra 2,000mw of generating capacity and almost 350,000 mw of large energy storage over a proper course of energy.
Figure 1: Systems Context Diagrams
(Source: Created by author)
According to Blakers et al 2020, the life cycle of the project is divided into four main phases which are initiation, execution, planning and closing. The project was started in the year 2017 and it is to be estimated the capital costs needs to be between $3.8 billion and almost $4.5 billion. It is to be properly estimated that the overall costs of the project will expand between 2018 and 2024. The planned upgradation and changes needs to be done.
The boundary of the project involves linking two of the dams Talbingo and Tantangara with the help of tunnels and power stations. The project also involves upgradation of permanent bridges mainly over earthworks and waterways (Villar, 2020). Snowy 2.0 is one of the major regional projects that requires comprehensive investments and in the creation of jobs. The project is expensive and technically feasible in completing the hydro power project. The purpose of the project is irrigation and hydroelectricity projects. There are challenges like firm capacity and energy storage on a large scale.
Stakeholders Requirements
The options for snowy hydro project in Australia that is to be developed are mainly as follows:
- The hydro venture will be used in pumping water up hills to dams and the overall electricity demand is high. Snowy 2.0 will be affected by water flows and is used in generation of power.
- The existing damages and storages require the concept of additional dams. The pumping capabilities work in closed systems and in power generation.
- Solar and wind firms generate electricity as per the availability of resources. It is designed in detecting the overall project and in preconstruction activities. The contacts are almost finalized and are ready for execution. The project has inputs to estimates, schedule and is subjected to snowy hydro (de Atholia, T & Lai, 2020). The main opportunities at depth were connection of baseline data and in underground cavern location.
- The project has already been sold quite a number of times and the gradual retirement of the thermal plant.
Hydropower solutions
The hydropower solutions consist of renewable energy production and the overall demand is low. It helps in properly maximizing the renewable energy efficiency and to pump water to higher demand which will be stored for later use. The project is highly beneficial and will be used in producing more power and at cheap electricity prices (Villar, 2020). It is a nation building project which will provide on demand energy at a large scale. The energy market of Snowy will be in greater demand to a lower emissions economy. The peak prices are limited and there is a risk of extreme price volatility. The water storage turns to be more intermittent to protect both solar and wind droughts.
Market Modeling solutions
Snowy Hydro has been at the heart of the market and is the driver for the business. The asset generation helps in analyzing peak demands and in providing system security with the help of synchronous generation and inertia capability. The market will help in producing uncertainty and volatility (Normyle & Pittock, 2020). The increase in renewables is used in enhancing the services exponentially. Snowy 2.0 will deliver approximately 350000MWh customer storage at lowest costs. Snowy 2.0 has alternatives like battery combination and cycle plants that result in optimum prices for all the consumers. The market is dominated by most renewables and requires peak generation and storage. It will be used in providing ancillary services in fulfilling the demands. The he
Comprehensive solutions
Snowy 2.0 has a lot of natural advantages like water recycling in a closed loop system and is mainly located between Melbourne and sydney. The power energy storage has almost power to almost millions of homes for over a course of week. The power station consists of approximately 33 turbines and the total generating capacity is almost 4100 megawatts and has an average of 4500 gigawatts and produces renewable electricity per year (Auer et al 2020) . The probable solutions are on demand generation and it represents the retirement of thermal power stations. The process consists of the assumptions and are formed by gas or hydro. The portfolio assets are used in maximizing the competition in the national electricity markets and for delivering values to consumers.
The renewable energy solution is evaluating the probable impacts and opportunities of the project. Additional 2,000 megawatts of dispatchable and in generating capacity of large scale storage. The enough power storage is distributed over a course of week. The company reported gross revenues of $2.7 billion for the 2020 financial year. The electricity produced from generators is converting the potential energy of flowing water to mechanical energy. The water is stored in dams to generate electricity in hydropower plants (Normyle & Pittock, 2020). The scheme mainly consists of seven power stations, 80 kilometers of interconnected tunnels. The final renewable energy scheme accounts for almost half of generation capacity and provides base load and load power to the mainland grid of Australia. The combination of intermittent renewables is used in most of the firms and is at the forefront of the developments. The zero and cost emission advantages will be used in intermittent energy sources and in decarbonization. Snowy hydro operating life is to be more consistent (Kelman, & Harrison, 2019). The large scale energy storage is to be properly recycled and helps in improving the efficiency of excessing energy without waste or curtailing. The pumping capabilities works in a closed system and water is recycled between the two dams.
Critical Success Factors
There are several options in developing the project, it is formulated that focussing on a proper alternative, there are options which are to be adopted in obtaining the results. The firm will physically and financially manage the large scale energy solutions. The scheme will provide almost 2000 megawatts of renewable energy of large scale (Kelman & Harrison, 2019). It is highly recommended that the scheme will help in firm renewable energy and in enhancing reliability . The hydro capacity helps in engaging across various areas of the project.
The main functional requirements of the project are broadly divided to the following categories that are as follows:
- The project mainly links two of the dams that are Talbingo and Tantangara and builds an underground power station (de Atholia, Flannigan & Lai,2020). It helps in providing a lot of flexibility in pumping water and to the higher demand for later use.
- The project will help in producing greater power and in meeting global commitments on climate change.
- The power generation of the substations needs to be improved and in powering homes for over a week. It denotes the most effective way in ensuring future generations to come.
The non functional requirements of Snowy Hydro 2.0 project are as follows:
- Concentration on innovative and technological aspects in improving the overall performance and in reducing the pollution. The total generation capacity will be almost 5500Mw and provides price insurance (Porteous, Godfrey & Finkel, 2018).
- The renewable energy provides dams and storages and requires the business investments to ensure a clean and reliable power system to come. The supply is required for both solar and wind output.
Conclusion
It is to be concluded that the major aspects of the Snowy hydro 2.0 project consists of requirements of stakeholders, system requirements and conceptual requirements. The prime stakeholders are “Future Generation Joint Venture” and “Australian Government” . The stakeholders require an increase in power generation and highlighting the optimum option for the project. The system requirements are divided into two main functions like non functional requirements and functional requirements that are to be used all through the entire report. The requirement factor of the project consists of project deadline, infrastructure of hydropower projects and requirements factors like maintainability, flexibility and capacity. The stability of the systems requires the probable services and capacity for all the customers that are in demand for the future. The main alternatives of the project enhances the efficiency of NEM and keeps the pressure downwards for the consumers. Capitalizing is dependent on forecast and is based on process and for desired buyer. The market leading prices are used for all the contract terms and in energy storage. It is forecasted that 888Mw of renewable tender is one of the most effective anchors for the snowy 2.0 project economics in most of the ways.
References
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