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ARTICLE · 31 AUGUST 2022

Offshore wind on horizon in Australia

McCullough Robertson
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Offshore wind projects imminent due to more renewable-focused outlook, cost competitiveness & fluctuations in fossil fuel markets.

AustraliaEnergy and Natural Resources
Kate Swain
Kate Swain
Evan Economo
Evan Economo
John Kettle
John Kettle
Andrew Bukowski
Andrew Bukowski
Alex McLeod
Alex McLeod
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The realisation of offshore wind projects in Australia is shifting closer, thanks to a more renewables-focused Commonwealth Government, increased cost competitiveness of renewable projects, and fluctuations in the fossil fuel markets.

Australia moves to declare its first offshore renewable energy zone

Most recently, the Minister for Climate Change and Energy, Chris Bowen MP, announced his proposal to declare Australia's first offshore renewable energy area in the Bass Strait, off the coast of Gippsland in Victoria (Proposed Area). The Minister has powers under the Offshore Electricity Infrastructure Act 2021 (Cth) (the Act) to declare designated areas that are appropriate for offshore renewable energy development. In these areas, proponents may seek licences to commercialise offshore wind resources, construct turbines and transmit electricity to shore via undersea cables.

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