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$1.8 billion Oven Mountain hydro project cancelled

Original: oven mountain hydro project cancelled

The $1.8 billion Oven Mountain pumped hydro project in New South Wales has been scrapped after a development partner withdrew from the venture. The cancellation removes a significant proposed renewable energy storage asset from the state's energy transition plans, raising fresh questions about investor confidence in large-scale clean energy projects and how the region's storage capacity needs will now be met.

Why now: A major renewable energy project's collapse over a partner's withdrawal highlights risks facing Australia's energy transition.

Oven MountainNew South WalesThe Daily Telegraph

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• $1.8b renewables project dead after partner quits · The Daily Telegraph

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