company

Snowy 2.0

Pumped hydro energy storage project in Australia

Australia · Snowy 2.0 cost could reach $25 billion as completion delayed to 2029

The cost of the Commonwealth government's troubled Snowy 2.0 pumped hydro scheme has exploded to a potential $25 billion, more than four times its original estimate, with completion now pushed back to late 2029, according to a long-awaited reassessment released by Snowy Hydro on Thursday.