Snowy Hydro 2.0 is costing $25bn – 12 times more than its initial estimate. How did we get here?

Source: The Guardian Australia · 2026-10-23T14:00:28.000Z · Climate

Chris Bowen says the hydroelectricity development has become ‘one of the most complicated engineering projects’ in the world Sign up for climate and environment editor Adam Morton’s free Clear Air newsletter here The cost of the publicly owned Snowy 2.0 hydroelectricity project has blown out extraordinarily – to as much as $25bn. That’s more than 12 times the initial estimate when the development was first promised nearly a decade ago. What happened? Adam Morton and Petra Stock explain. Continue reading...

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