Snowy 2.0, Australia’s major renewable energy project in the Snowy Mountains, is projected to cost up to about $25 billion and is now expected to be delivered in late 2029. Outlets report that a fresh reassessment has pushed the timeline further and confirms substantial overruns compared with early estimates.
The reporting traces the project’s changing price tags over time, from an initial multi‑billion-dollar figure when it was first touted, to revisions that placed construction completion later in the decade. The Guardian also adds operational detail that tunnelling is about 65% finished and notes the project’s completion is now expected at the end of the decade, along with a CEO comment that the outcome “could have been worse.” Other outlets emphasise the size of the setback, describing the cost blowout as the biggest latest hurdle.
