Part 1/6:

Victorian Energy Project Faces Massive Cost Blowouts Amidst Renewables Push

A Growing Financial Crisis in Infrastructure

In recent energy news, a significant setback has emerged in Victoria’s ambitious renewable energy endeavors. A critical infrastructure project—the Victoria to New South Wales interconnector West—has encountered substantial budget overruns. Originally projected to cost around $3.7 billion, the costs have now ballooned to approximately $7.6 billion, with some estimates suggesting they could soar as high as $11.4 billion due to ongoing uncertainties.