6 years, incomplete, expected to cost well over six times the initial estimate if it ever gets completed.
Expect Snow 2.0 to a big impact on electricity prices in Australia. Upwards. We’ll have to most expensive pumped hydro in the world. What an achievement!
It holds 350MWh and is expected to have a lifetime of 150 years.
Lets do a little arithmetic with conservative values rather than those figures. Assume supplies 200MHw per day, and eventually costs $15B and only lasts 50 years:
In October 2025, the scheme was reported to be 67% complete but it could not be completed within the A$12 billion forecast cost.
https://en.wikipedia.org/wiki/Snowy_2.0_Pumped_Storage_Power...
6 years, incomplete, expected to cost well over six times the initial estimate if it ever gets completed.
Expect Snow 2.0 to a big impact on electricity prices in Australia. Upwards. We’ll have to most expensive pumped hydro in the world. What an achievement!