Snowy Hydro 2.0 project costs rise to $25 billion with revised completion date

The Guardian · October 22, 2026Original source ↗

What happened

Snowy Hydro company announced that the cost of the Snowy Hydro 2.0 project has increased to $25 billion. The tunneling work is currently 65% finished, and the expected completion date has been pushed back to 2029.

Why it matters

This development affects national infrastructure planning and energy supply considerations.

How this story affects people

How does this story affect you if you rely on renewable energy sources for your electricity?

The rising costs and extended timeline for the Snowy Hydro 2.0 project could lead to uncertainty in energy supply and pricing in the future, impacting your electricity bills and availability of renewable energy. This may also affect the transition to cleaner energy sources as the project is a key component in Australia's renewable energy strategy.

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