Australian Parliament Clears Way for Offshore Wind Farms

Sonali Paul
Friday, November 26, 2021

Australia's parliament on Thursday passed legislation setting a framework for developing offshore wind farms and transmission lines, in a big boost to several multibillion-dollar proposed projects as the country looks to replace coal-fired power.

Projects that have been awaiting the new laws include the 2.2 gigawatt Star of the South wind project off the coast of Victoria and Sun Cable, which plans to deliver solar power via an undersea cable from the Northern Territory to Singapore.

"The Morrison Government's offshore electricity infrastructure package will unlock development of a new industry that will create thousands of skilled regional jobs, strengthen our economy, and support a more affordable and secure energy system," Energy Minister Angus Taylor said in a statement.

Star of the South, the most advanced offshore wind project in the works, said modeling showed it could create 3,000 direct jobs. The project is led by Copenhagen Infrastructure Partners.

Star of the South CEO Casper Frost Thorhauge welcomed the passage of the legislation and said he looked forward to working on detailed regulations needed for projects to go ahead.

Locations identified by Australia's energy market operator as ideal for offshore wind farms happen to be near industrial hubs that currently rely on coal-fired power, such as the Hunter Valley in New South Wales and Gippsland in Victoria.

The Victoria state government on Tuesday announced A$40 million ($29 million) in funding for three offshore wind project developers - Star of the South, Macquarie Group, and Flotation Energy.

Research group Beyond Zero Emissions estimates offshore wind could provide the energy needed for green steel and aluminum, hydrogen and ammonia production, which could help generate A$333 billion in green exports by 2050.

"Offshore wind is the key that will unlock the industrial future of regional Australia," Beyond Zero Emissions head of policy Tom Quinn said in a statement. 

($1 = 1.3889 Australian dollars) 

(Reporting by Sonali Paul; Editing by Stephen Coates)

Categories: Industry News Offshore Wind Activity Australia/NZ Regulations Energy Renewable Energy

Related Stories

MODEC Ramps Up Hammerhead FPSO Work After ExxonMobil's Go-Ahead

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

Yinson Production Nets DNV Approval for New FPSO Hull Design

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

PV Drilling Takes Ownership of Noble Corporation’s Stacked Jack-Up Rig

Marco Polo Picks Salt Ship Design for Next-Gen Offshore Energy CSOV

Sapura Energy Rebrands to Vantris Energy

Fugro Expands Geotechnical Testing Capabilities in Indonesia

Fugro Lands Deepwater Gas Field Job in Southeast Asia

Current News

MODEC Ramps Up Hammerhead FPSO Work After ExxonMobil's Go-Ahead

Aesen, DOC JV Targets Subsea Cable Logistics

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

SBM Offshore Starts Construction of FSO for Trion Oil Field off Mexico

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

Seatrium Secures ABS Backing for Deepwater FPSO Design

MDL Secures Cable Laying Job in Asia Pacific

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

Yinson Production Nets DNV Approval for New FPSO Hull Design

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com