Facilitating Australia’s transition to a lower carbon electricity system

A crucial project in ensuring Australia’s businesses and households have access to affordable, reliable, and clean energy.

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Sector Energy
Sub-sector Renewables
Location Australia


The National Electricity Market is transitioning to a lower-emissions future, which requires substantial investment in energy storage to ensure affordable, reliable, and stable energy is always available to Australian households and businesses. Snowy 2.0 is a crucial step in achieving this.


Macquarie Capital acted as sole financial adviser to Snowy Hydro on the $A5.1 billion1 Snowy 2.0 expansion of the historic Snowy Mountains Scheme. Macquarie Capital worked with Snowy Hydro’s management team to raise $A3.2 billion of bilateral corporate facilities and ensure a robust, market-leading debt package was achieved.


Macquarie worked with Snowy Hydro management to ensure a robust, market-leading debt package was achieved, assisting with the decarbonisation of Australia’s electricity network at least cost.


Bi-lateral corporate facilities


Deep energy storage to provide network reliability


Direct and indirect jobs over the life of the project


Additional flexible renewable energy capacity

1. Including fixed escalation

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