Developers compete for Victoria's offshore wind projects
Victoria has opened its first offshore wind auction. Companies can bid to build offshore wind farms that will generate 2 gigawatts of power. The projects could create thousands of jobs.
Why it mattersOffshore wind is key to replacing coal power and keeping the grid stable as Victoria ends fossil fuels. The auction will attract billions in investment and thousands of jobs for renewable energy.
AustraliaThis is the first major offshore wind auction in Australia. It will help Victoria meet its targets of 2 gigawatts by 2032, 4 gigawatts by 2035, and 9 gigawatts by 2040, reshaping the state's energy mix.
✓ Claims checked against the source. checked 4 h ago
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