Governments strike $7.8bn deal to connect Snowy 2.0 and NSW renewable zones to the grid

‘Rewiring the nation’ plan expected to create ‘thousands’ of jobs under state and federal commitment

New South Wales’s renewable energy zones and the Snowy 2.0 hydro project will be plugged into the grid under a landmark $7.8bn agreement between the federal and NSW governments.

The deal will be announced by the prime minister, Anthony Albanese, and the NSW premier, Dominic Perrottet, on Wednesday, once the state parliament passes legislation to allow the capping of gas prices after Canberra’s plan to put downward pressure on energy prices passed through federal parliament last week.

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