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

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.

The company’s chief financial officer, Kim Josling, who has a pay packet worth $828,839, received a $215,440 bonus, according to the company’s annual report for the 2025-2026 financial year.