- Published: 30 May 2023 30 May 2023
A consortium of Australian and global companies, comprising Mainstream Renewable Power (Mainstream), Reventus Power, AGL and Direct Infrastructure has submitted a feasibility licence application for a 2.5 GW offshore wind development off the coast of Victoria, Australia.
The proposed 2.5 GW project has the potential to generate economic benefits to Australia, including more than AUD 3.7 billion economic value added and the creation of over 8,600 full-time equivalent jobs according to the consortium’s initial socioeconomic impact study. In addition, the development phase will include an investment package of AUD 400 million to support workforce and supply chain development, enable the transition of Australian industry, and create local benefits.
The area in the Bass Strait off Gippsland, Victoria, was the first offshore wind zone to be declared by the Australian Government. According to the Australian Department of Climate Change, Energy, the Environment and Water, the 15,000 km2 zone has the potential to support more than 10 GW of year-round energy generation.