Victoria (Australia) approves funding for 3 offshore wind projects (4.7 GW)

25 Nov 2021

The government of the Australian state of Victoria has approved a AUD40m (US$29m) funding for three offshore wind projects to support feasibility studies and pre-construction development and to help developers determine the precise location of each project. It will award AUD19.5m (US$14m) to the Star of the South offshore wind project off the Gippsland coast, which could have a capacity of up to 2.2 GW, and AUD16.1m (US$11.6m) to Macquarie Group's 1 GW offshore wind project off the Bass Coast. Finally, Flotation Energy will receive AUD2.3m (US$1.6m) for a 1.5 GW offshore wind project off the coast of Gippsland.

If developed, the projects could help Victoria become an offshore wind powerhouse and meet the Victoria's government target 40% of renewable energy in its power mix by 2025, and 50% by 2030.

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