Review finds Snowy 2.0 hydropower project could cost up to $25b with delays to late 2029
A review of Australia's Snowy 2.0 hydropower project reveals costs have ballooned to $25 billion, significantly higher than the original $2 billion estimate. The project is now expected to be fully operational by late 2029.
Why it matters
The massive cost overrun and delays highlight the challenges of managing large-scale renewable energy infrastructure projects.
Snowy 2.0 has been plagued by setbacks since it was announced in 2017. ( ABC South East NSW: Floss Adams )
A major review of Australia's biggest renewable energy project has found it could cost up to $25 billion, which is about 12 times the original price.
Snowy 2.0 was initially set to cost $2b and come online in 2021.
The project is now expected to be delivered in 2029.
Link copied Share Share article The cost of delivering Australia's biggest renewable energy project has doubled since the last estimate and is now set to become fully operational a year later than expected, according to a major review.
Snowy Hydro has released its much-anticipated cost reassessment for the Snowy 2.0 hydropower project, revealing it could cost up to $25 billion, with first power expected in early 2029 and the project to be fully operational later that year.
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