Offshore Wind Project Tracker – Location
Southern Ocean
Offshore Wind Energy Summary
The area off the coast of Portland has been identified by the Australian Government as a ‘priority area for assessment for area declaration’ for offshore renewable energy projects. Portland is home to Australia’s second largest aluminium smelter, which consumes 10 per cent of Victoria’s electricity. Portland also features ideal conditions for offshore wind, with average wind speeds of around 9m/s, water depths of below 50m extending from 15 to 30km along most of the coastline.
The Victorian Government has set ambitious targets for offshore wind capacity: 2GW by 2032, 4GW by 2035, and 9GW by 2040. Moreover, they have published ‘Offshore Wind Implementation Statements’ 1 & 2, which provide an overview of the procurement and support measures for the initial phase of offshore wind projects in Victoria. These statements encompass potential inclusions such as a contract for difference and supplementary contributions for capital and financing. The ongoing support from the government will play a pivotal role in propelling the growth of the offshore wind industry in Victoria.
In the spirit of reconciliation, Energise Renewables acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present, and extend that respect to all Aboriginal and Torres Strait Islander peoples today.
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