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AAP

Environment

Will Nicholas

Snowy 2.0 blowouts 'alarming' as costs grow twelve-fold

Dennis Barnes Labor Bowen Katy Gallagher Renewable Energy Australia Snowy Hydro

Snowy Hydro 2.0 is expected to be completed by 2029 and now cost at least $25 billion. (Lukas Coch/AAP PHOTOS)

A blame game has erupted over how Australia's largest renewable energy project exceeded its original price tag by as much as 12 times over.

Snowy 2.0, which will enrich the existing Snowy Mountains hydro-electric scheme, may now cost up to $25 billion, having originally been priced at $2 billion when first proposed in 2017, according to a new reassessment.

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