Snowy 2.0 to Cost 12 Times More than Initial Budget with Further Delays

Snowy 2.0 to cost 12 times more than initial budget with further delays

Australia's biggest renewable energy project, which has faced financial and timeline challenges since its inception, could now cost $25 billion and is expected to be delivered in late 2029.

Snowy 2.0 price tag soars to $25b, 10 times initial estimate

The project is one of the biggest and most complex undertaken by the federal government, and was first proposed by then-prime minister Malcolm Turnbull.

‘Incredibly disappointing’: Snowy 2.0 cost blows out to $25b in biggest setback yet

The cost of the Commonwealth government’s Snowy 2.0 mega-project has exploded from an estimated $6 billion to $25 billion.

"Very disappointing": Snowy confirms pumped hydro costs double again to a possible $25bn, hit with more delays

The cost of Snowy 2.0 has doubled again, this time up to a potential $25 billion, with commissioning delayed by another year to the end of 2029.