Orsted targets 5GW of offshore wind off Vic

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Orsted targets 5GW of offshore wind off Vic
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The world’s biggest offshore wind developer says Victoria could over-deliver on its offshore wind power targets and it aims to be in the mix.

for proposed projects off Gippsland, which closes on April 27.

Victoria’s long-term targets for offshore wind provide confidence for equipment suppliers of an enduring market in Australia that should help establish supply chains, while the location of several coal power plants near the coast means the grid is reasonably strong, reducing the need for new transmission, he said.

“But if there is an agreement about making a long-term offtake at what is mutually reasonable prices, then the following projects will for sure be cheaper. We’ve seen that everywhere in the world.”

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