The Victorian Government is spearheading Australia’s offshore wind sector.
The Victorian Offshore Wind Policy Directions Paper outlines our State’s vision for offshore wind – paving the way for our State to host the first offshore wind farms in Australia. The plan includes procuring an initial offshore wind tranche of at least 2 GW, aiming for first power to come progressively online from 2028 following a competitive process, with targets of 4 GW of offshore wind capacity by 2035 and 9 GW by 2040.
Victoria has some of the world’s best offshore wind resources, with our coastal regions hosting the potential to support 13 GW of capacity by 2050 - five times the current renewable generation in Victoria.
Maximising the huge potential of our local wind resources could sustain up to 6,100 jobs, being:
- 3,100 local jobs for 15 years during the development and construction phases,
- with an additional 3,000 ongoing jobs during operations.
With this decision, Victoria is poised to become Australia’s national leader in offshore wind, supporting a thriving industry, creating thousands of jobs, driving economic development and helping us reach goal of net-zero emissions by 2050.
We are now seeking public feedback on the paper to ensure the state develops the sector in a way that delivers a new source of renewable energy, creates jobs, builds businesses, and establishes community support. To have your say, visit engage.vic.gov.au/victorias-offshore-wind-policy-directions-paper-developing-the-offshore-wind-sector.
Read the accessible version of the Victorian Offshore Wind Policy Directions Paper (DOCX, 175.8 KB)
Register for updates by emailing firstname.lastname@example.org.
Offshore wind as part of Victoria’s clean energy transition
Offshore wind power is a viable source of renewable energy that is commercially operated at a large scale in Europe and is rapidly expanding globally. It is expected to be a vital part of Victoria’s clean energy transition.
Today fossil fuels for energy accounts for more than half of Victoria’s carbon emissions. The transition to clean energy is critical to achieving our climate change targets.
That is why we have a legislated commitment to reduce emissions by 28-33 per cent by 2025, 45-50 per cent by 2030 and net-zero emissions by 2050.
Developing Victoria’s offshore wind resources complements our current renewable sources (onshore wind and solar) and will help ensure Victorians have reliable access to cleaner and plentiful energy into the future.
Offshore wind projects (Energy Innovation Fund Round 1)
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.
Page last updated: 23/05/22