Multibillion-dollar Snowy 2.0 project suffers yet another cost blowout

Australia's Flagship Renewable Project Stumbles On Rising Costs

(Bloomberg) — Australia’s multibillion-dollar plan to turn its tallest mountain range into a giant pumped-hydro battery faces new roadblocks due to mounting costs and missed productivity targets.

Australia’s Flagship Renewable Project Stumbles On Rising Costs

Australia’s multibillion-dollar plan to turn its tallest mountain range into a giant pumped-hydro battery faces new roadblocks due to mounting costs and missed productivity targets.

$12 billion Snowy 2.0 project faces further cost blowouts

Snowy Hydro says it will need to acquire more funds to deliver the Snowy 2.0 renewable energy project, as costs continue to spiral beyond the previous $10 billion blowout.

Multibillion-dollar Snowy 2.0 project suffers yet another cost blowout

The price tag of the mega pumped hydro project has spiked from the $2 billion forecast by Malcolm Turnbull.

$12b Snowy 2.0 set for another big cost blowout

Snowy Hydro chief executive Dennis Barnes would not estimate the potential final cost of the mega storage project, but said keeping its start-up on track was critical.

'Line-by-line': Snowy Hydro $12 billion cost to be re-examined

Snowy Hydro 2.0 is proving expensive. Photo: Snowy Hydro/Facebook. Snowy Hydro 2.0 could be updating its price tag (again). Once completed, the project will connect two reservoirs with underground tunnels and a new power station – and it’s proving expensive. In 2023, the company announced that its cost had been revised to $12 billion. At the time, it also announced that work carried out to the end of June 2023 had cost $4.3 billion, while the co…