# Snowy Hydro 2.0 costs have doubled again, will the project go on?

An episode of [ABC News Top Stories](https://invisiblenetwork.ai/podcast/1668721389), 23 Oct 2026, 3:46.

Audio: https://mediacore-live-production.akamaized.net/audio/02/pn/Z/pi.mp3

The cost of building the Snowy 2.0 pumped hydro scheme has doubled again, with a new report finding it could reach $25 billion and not come online until 2029. Announced in 2017, Snowy 2.0 is Australia's biggest renewable energy project and was expected to cost $2 billion and be operating by 2021. Snowy Hydro and the Albanese Government say work must continue, while the Coalition wants Energy Minister Chris Bowen sacked, so what happens now?

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