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Snowy Hydro 2.0 executives awarded bonuses totalling $751,925 despite cost blowout

The Guardian World Tuesday 03 November 2026, 14:00 UTC By Tess Ikonomou 1 min read
Key Points

Annual reports show NSW renewable company’s CEO opted out of cash bonus, while CSIRO’s chief received an extra $200,000Get our breaking news email, free app or daily news podcastExecutives at the troubled Snowy Hydro company collectively banked bonuses worth a combined $751,925 in the last financial year, despite its renewable energy project blowing out to 12 times its original cost. But Guardian Australia can reveal chief executive, Dennis Barnes, who has a base salary of $1,845,126, opted...

Annual reports show NSW renewable company’s CEO opted out of cash bonus, while CSIRO’s chief received an extra $200,000

Executives at the troubled Snowy Hydro company collectively banked bonuses worth a combined $751,925 in the last financial year, despite its renewable energy project blowing out to 12 times its original cost.

But Guardian Australia can reveal chief executive, Dennis Barnes, who has a base salary of $1,845,126, opted not to accept the extra cash.

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Snowy Hydro 2.0 (ORG) NSW (ORG) CSIRO (ORG) Snowy Hydro (ORG) Guardian Australia (ORG) Dennis Barnes (PERSON)
Originally published by The Guardian World Read original →

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