November 23, 2021 Read More →

Victoria government to add $40 million to boost offshore wind projects

Renew Economy:

The Victorian government has given $40 million in public funding to kick start three major offshore wind projects being developed in the state by Star of the South, Macquarie Group and Flotation Energy.

The Labor Andrews government said on Tuesday that the funding boost would support offshore wind feasibility studies and pre-construction development, including environmental assessments, and add to $96 million the companies were already investing in the projects.

The Star of the South – which is considered Australia’s most advanced offshore wind project – will receive $19.5 million to support pre-construction development activities off the Gippsland coast.

Owned by its Australian founders of the same name and Copenhagen Infrastructure Partners (CIP), the project proposes to build up to 2.2GW of capacity – enough to provide nearly 20 per cent of Victoria’s annual energy needs.

The project has already progressed through environmental assessments and mapped out a path for underground transmission to plug into the infrastructure in the Latrobe Valley.

[Sophie Vorrath]

More: Three offshore wind projects get $40m boost from Victorian government

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