Australia offshore wind projects beyond Gippsland: Is it too late to join the party?

The offshore wind market in Australia got off to a hot start with the Gippsland auction, where a multitude of developers rushed to the market to secure a feasibility license in the area, which concluded with awards for 12 projects.

Back in May 2024, Australia announced the first award of offshore wind sites yesterday when 12 projects totaling 25 GW received feasibility licenses. This welcomes a range of international developers to this nascent offshore wind market, including CIP, Corio, Iberdrola, Ocean Winds, RWE and Ørsted.

Since then, the market experienced a slow down as the subsequent three auctions saw only 10 applications in total and only two projects were awarded so far in the Hunter and Southern Ocean region.

At Aegir Insights, we recently analyzed the status of the Australian offshore wind market with a focus on:

🔹The progress of the market in 2024 with focus on the auctions for feasibility licenses

🔹The remaining opportunities to enter the market through the auction process

🔹The outlook for the market going forward

The analysis is available to Aegir Insights’ clients, who can also dive deeper into developments and opportunities in the Australian offshore wind market with our full market coverage as well as the entire market intelligence for the Asia-Pacific region.

Offshore wind market intelligence and investment analytics by Aegir Insights

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