Date set for Australia’s first offshore wind auction as ports prepare for massive turbines
14 Mar 2023

The state of Victoria will hold the first auctions in Australia for offshore wind projects in 2025 to ensure that the first tranche of at least two gigawatts of the new technology is built before the first of the state’s last two coal generators closes down.
The state government is proposing to use so-called “contracts for difference” as the major currency in the underwriting scheme. It is also flagging “complementary contributions for capital and financing”, although the details of these will not be released until further discussions with industry.
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