- Australia’s flagship renewables project flagged another increase in costs to A$22.2 billion ($16 billion) — more than 11 times the estimate when it was announced less than a decade ago.
- The final pricetag for the Snowy 2.0 pumped-hydro plant may be as much as A$25 billion, and expectations for full commissioning have been pushed back to late 2029, state-owned developer Snowy Hydro Ltd. said in a statement. The revisions were driven by pressures in the construction sector and significant geological challenges, the government said in a separate statement on Friday.
- Snowy 2.0 will have capacity of 2,200 megawatts and be able to store 350 gigawatt-hours, enough to power 3 million homes for a week. The project, which was commissioned in 2017, has faced setbacks linked to its location in the remote Snowy Mountains, including a drilling tunnel collapsing.
https://www.snowyhydro.com.au/news/snowy-2-0-cost-reassessme...
- Australia’s flagship renewables project flagged another increase in costs to A$22.2 billion ($16 billion) — more than 11 times the estimate when it was announced less than a decade ago.
- The final pricetag for the Snowy 2.0 pumped-hydro plant may be as much as A$25 billion, and expectations for full commissioning have been pushed back to late 2029, state-owned developer Snowy Hydro Ltd. said in a statement. The revisions were driven by pressures in the construction sector and significant geological challenges, the government said in a separate statement on Friday.
- Snowy 2.0 will have capacity of 2,200 megawatts and be able to store 350 gigawatt-hours, enough to power 3 million homes for a week. The project, which was commissioned in 2017, has faced setbacks linked to its location in the remote Snowy Mountains, including a drilling tunnel collapsing.