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£300M SPEND AT GWYNEDD HYDRO PLANT

Daily Post

April 01, 2026

Project will take place 500m underground

A £300M investment more than 500 metres underneath an Eryri mountain has been signed off by an energy giant.

ENGIE plans to invest £1bn over a number of years at the Dinorwig and Ffestiniog pumped storage hydro stations through First Hydro Company, a 75:25 joint venture between ENGIE and La Caisse.

Ffestiniog opened in 1964 and Dinorwig in 1984 - providing bursts of power when the needed for the grid.

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