LogIn LogOut

Australian Parliament Clears Way for Offshore Wind Farms

November 26, 2021

Credit: Global Image Archive/AdobeStock
Credit: Global Image Archive/AdobeStock

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)



Current News

DSME Orders GTT Tanks for MOL LNG Carrier Quartet

DSME Orders GTT Tanks for MOL LNG Carrier Quartet

Report: Halliburton Offers to Buy Exxon's Stake in Iraq's West Qurna 1 Oilfield

Report: Halliburton Offers to Buy Exxon's Stake in Iraq's West Qurna 1 Oilfield

UAE's ADNOC to Invest $127B in 2022-26 as Oil, Gas Reserves Rise

UAE's ADNOC to Invest $127B in 2022-26 as Oil, Gas Reserves Rise

China's SPIC Connects New Offshore Wind Farms to National Grid

China's SPIC Connects New Offshore Wind Farms to National Grid

Hi-Float: Hyundai Heavy Gets BV AiP for Floating Wind Turbine Foundation

Hi-Float: Hyundai Heavy Gets BV AiP for Floating Wind Turbine Foundation

Carnarvon to Spud Buffalo-10 Well in Timor Sea in December

Carnarvon to Spud Buffalo-10 Well in Timor Sea in December

Keppel, Ørsted in Offshore Substation Pact

Keppel, Ørsted in Offshore Substation Pact
photo

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