Victoria’s offshore wind potential
Victoria is poised to become a national leader in this sector. We are creating opportunities for Victorian businesses to use their expertise and supply chain capabilities to support local, interstate and potentially international offshore wind markets.
Offshore wind power is a viable and growing source of renewable energy. It is commercially operated at large scale in Europe and will be a key player in Victoria’s clean energy transition.
Developing Victoria’s offshore wind resources will complement current renewable sources, such as onshore wind and solar, and batteries. It will help provide reliable access to cleaner and cheaper energy into the future.
We are setting strong foundations for transmission infrastructure, regulation and investment to support a major offshore wind industry. We will also ensure any new developments meet community expectations and address environmental sensitivities.
Photo courtesy of Star of the South
Offshore wind projects (Energy Innovation Fund Round 1)
The Victorian Government is spearheading Australia’s offshore wind sector. Almost $40 million from Round 1 of the Energy Innovation Fund (EIF) will fund the initial development of 3 offshore wind projects.
Together these projects could generate the equivalent of more than 40% of Victoria's electricity consumption., deliver more than 5,500 jobs and more than $18 billion in investment and bring significant benefits to the regions.
The funding will support feasibility studies and pre-construction development activities and will help demonstrate pathways to commercial operation for offshore wind projects in Victoria. The projects are expected to bring forward the investment required to maximise the potential for a competitive offshore wind sector in Victoria. This will support the post-2025 energy transition and deliver value for money outcomes for Victorian energy consumers.
Grant funding will be provided to the following potential offshore wind projects:
|Project name||Seadragon Offshore Wind Farm|
|Grant funding||$2.3 million|
|Description||Complete scoping studies and surveys for a 1500 MW offshore wind farm off the Gippsland Coast, including working with oil and gas facility operators to assess the potential for onshore and offshore asset re-use. The scoping works will support the development of a project which, if constructed, could result in an investment of approximately $6 billion and the creation of over 1,600 jobs.|
For more information please visit the Seadragon Offshore Wind Farm webpage.
|Project name||Great Southern Offshore Wind Farm|
|Grant funding||$16.1 million|
|Description||Pre-feasibility works to investigate the potential for a 1000 MW offshore wind farm off the Bass Coast. If constructed the project could result in a total investment of approximately $4.0 billion and the creation of over 1,500 jobs.|
For more information please visit the Great Southern Offshore Wind Farm webpage.
|Applicant||Star of the South|
|Project name||Star of the South Offshore Wind Project|
|Grant funding||$19.5 million|
|Description||Pre-construction development activities for the 2200 MW project, located off the coast of Gippsland. If constructed, the project could result in an investment of approximately $8.7 billion and the creation of over 2,000 jobs.|
For more information please visit the Star of the South Offshore Wind Project webpage.
Funding these projects should deliver extensive learnings, knowledge-sharing opportunities and help act as a catalyst for a thriving, innovative energy sector in Victoria post-2025.
This will help inform Victorian Government decisions about:
- the impacts of offshore wind in Victoria’s future energy supply
- how to best support the further development of a viable and competitive offshore wind sector.
Photo courtesy of Star of the South
Page last updated: 25/11/21