Dec 18 (Bloomberg) –Australia officially opened its first offshore wind zone off the southern coast of Victoria, as the nation seeks to speed its energy transition away from fossil fuels.
The zone, in the Bass Strait between Victoria and Tasmania, has the potential to host 10 gigawatts of wind capacity, the equivalent of around five coal plants, the government said Monday in a statement. The Star of the South was also granted major project status in a move to boost the 2.2-gigawatt project’s ability to raise capital.
https://youtu.be/eX9mQXptrcQ
Australia has been slow in developing its offshore wind sector to replace a fleet of aging coal plants that still provide most of its energy, but the move has hastened under the Labor government elected in May. Global installations are set to jump 10-fold by 2035, and Australia’s high-quality resources could create value as they complement utility-scale solar, according to BloombergNEF.
“We want to see more large-scale projects built in coming years,” Industry Minister Ed Husic said Monday. “This will help integrate Australian manufacturing with renewable energy infrastructure, delivering more jobs in Australian companies.”
All Australia’s existing wind capacity is onshore, and doubts have been raised about the viability of building more expensive offshore projects. But the government of Victoria — a relatively small state with limited onshore wind and solar potential — has put offshore at the top of its priorities as it seeks to get 95% of its power from renewables by 2035.
The U.S. Coast Guard has advised mariners to exercise extreme caution following reports of a 300-foot-long piece of debris in the water near where an offshore wind turbine blade broke...
New York Governor Kathy Hochul today announced the commencement of construction on New York’s largest offshore wind project, Sunrise Wind. Developed by Ørsted, the 924-megawatt capacity project can generate enough...
July 16 (Reuters) – The Vineyard Wind offshore wind project off the coast of Massachusetts is shut down until further notice while authorities investigate a turbine blade failure that caused debris to wash up...
July 17, 2024
Total Views: 30939
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.