Labor will announce the first Australian regions where offshore wind projects will be developed, firing the start gun for an expected wave of developments.
Labor will declare Australia’s first offshore wind regions on Friday, firing the start-gun for a growing number of projects that are aiming to capitalise on the country’s renewable energy ambitions.
Moving quickly to capitalise on the passage of legislation for Labor’s climate change target to reduce emissions by 43 per cent, Federal Energy minister Chris Bowen will announce five regions where offshore wind projects could be developed. The new Labor government has made accelerating renewable energy generation a central focus of its policy agenda. It has set an aggressive target of having zero emission sources make up more than 80 per cent of Australia’s electricity mix by 2030, which would allow the country to meet its net zero by 2050 target.
Even Star of the South – Australia’s most advanced offshore wind project, backed by Danish fund Copenhagen Infrastructure Partners and the Australian superannuation fundOnce Mr Bowen makes the declaration, Star of the South, which will be developed in Gippsland, will be able to apply for a so-called feasibility licence.The offshore wind declaration caps a significant week for the new Labor government, which is moving aggressively to legislate its climate agenda.
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