NewEnergyNews: First Aussie Ocean Wind Project Gets $8BIL Funding

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    Friday, December 08, 2017

    First Aussie Ocean Wind Project Gets $8BIL Funding

    Australia's first offshore wind farm wins international funding

    Cole Latimer, December 6, 2017 (Sydney Morning Herald)

    “Australia's first offshore wind farm, an $8 billion 2000 megawatt project, has secured financial backing from a major international green energy investment fund…Offshore Energy has joined with Danish fund management group Copenhagen Infrastructure Partnership to develop the renewable energy project...The offshore wind farm, dubbed the Star of the South, will be built 10 to 25 kilometres off the coast of Victoria’s Gippsland region, in the Bass Strait, and could provide one and a half times the energy of the now-closed Victorian Hazelwood coal-fired power station…Star of the South would comprise up to 250 turbines over an area of 574 square kilometres, and generate 8000-gigawatt hours of energy annually, enough to power 1.2 million homes, and account for nearly 20 per cent of Victoria’s energy demand…[Energy generation could begin] as early as 2024…Feasibility studies will be carried out in the second half of 2018…” click here for more

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