Skip to main content

Vena Energy plans to join rush to build in Australia offshore wind zone

August 17, 2022

Renew Economy:

Singapore-based Vena Energy – which built the first large scale solar farm in South Australia and the first big battery in Queensland – is poised to join the huge rush for a share of Australia’s nascent offshore wind industry.

Vena Energy revealed last month in an investors briefing that it is developing 4GW of offshore wind projects in “key markets such as Japan, North Asia, Australia, and Southeast Asia.”

The company told RenewEconomy last week that its offshore wind ambitions in the Asia-Pacific were in fact considerably bigger than that – 10GW – and it was looking specifically at Gippsland, poised to be the first declared offshore wind zone in Australia.

“Vena Energy is currently developing a pipeline of approximately 10GW of offshore wind projects across the Asia Pacific region, including the Gippsland region in (Victoria), Australia,” a spokesperson said. He said the company had been working on the projects since 2017.  “We are unable to comment further at this point.”

RenewEconomy understands that the Gippsland project is tentatively called Blue Marlin and is scaled at between 500MW and 1000MW, although the potential size of such projects have a big range of possibilities as most are up to a decade away from construction start and turbine sizes may jump significantly in the meantime.

Vena’s project would be the fifth in the Gippsland renewable energy zone, along with the 2.2GW Star of the South project, which is widely regarded as the most advanced project to date.

[Giles Parkinson]

More: Singapore’s Vena Energy joins rush to Australia offshore wind with Gippsland project

Join our newsletter

Keep up to date with all the latest from IEEFA