{"id":124316,"date":"2021-12-23T13:10:54","date_gmt":"2021-12-23T13:10:54","guid":{"rendered":"https:\/\/fin2me.com\/?p=124316"},"modified":"2021-12-23T13:10:54","modified_gmt":"2021-12-23T13:10:54","slug":"huge-floating-wind-farms-are-being-planned-off-the-coast-of-australia","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/huge-floating-wind-farms-are-being-planned-off-the-coast-of-australia\/","title":{"rendered":"Huge floating wind farms are being planned off the coast of Australia"},"content":{"rendered":"<ul>\n<li>At this moment in time, Australia has no offshore wind farms.<\/li>\n<li>Floating offshore wind turbines are different to bottom-fixed offshore wind turbines that are rooted to the seabed. One advantage of floating turbines is that they can be installed in deeper waters compared to bottom-fixed ones.<\/li>\n<li>The Global Wind Energy Council estimates that over 235 GW of offshore wind capacity will be installed across the next decade.<\/li>\n<\/ul>\n<p>In this article<\/p>\n<ul>\n<li><span>RWE-DE<\/span><button class=\"AddToWatchlistButton-watchlistButton\"><span><\/span><\/button><\/li>\n<li><span>EQNR-NO<\/span><button class=\"AddToWatchlistButton-watchlistButton\"><span><\/span><\/button><\/li>\n<\/ul>\n<p>Plans for three major offshore wind developments in Australia have been announced, with two of them set to incorporate floating wind technology.<\/p>\n<p>In a statement Wednesday, Madrid-headquartered BlueFloat Energy said it was looking to develop the projects with advisory firm Energy Estate, which has a presence in the Australian cities of Sydney, Canberra and Adelaide.<\/p>\n<p>The proposed facilities are the 1.4 gigawatt Hunter Coast Offshore Wind Project, which would be in waters off Newcastle, New South Wales; the Wollongong Offshore Wind Project, set to have a capacity of 1.6 GW and be spread across two sites off Wollongong, New South Wales; and the 1.3 GW Greater Gippsland Offshore Wind Project, planned for waters off Victoria&#x27;s Gippsland region.<\/p>\n<p>According to BlueFloat Energy, the Hunter Coast and Wollongong projects will utilize floating wind technology. The Greater Gippsland wind farm will be a bottom-fixed development.<\/p>\n<p>&quot;Offshore wind energy is booming globally and now it is Australia&#x27;s time,&quot; Carlos Martin, BlueFloat Energy&#x27;s CEO, said in a statement.<\/p>\n<p>&quot;We are excited by the prospect of introducing the two types of offshore wind technology \u2026 into Australia, as this will enable us to harness some of the best offshore wind resources globally.&quot;<\/p>\n<h2>Read more about clean energy from CNBC Pro<\/h2>\n<p>Pick these stocks to play 2022\u2019s \u2018climate rally,\u2019 Oppenheimer says<\/p>\n<p>Morgan Stanley names its top climate change stocks \u2014 and gives 3 an upside of more than 50%<\/p>\n<p>JPMorgan likes these stocks to play the clean energy revolution in the transportation sector<\/p>\n<p>It comes after a report from the Global Wind Energy Council revealed that 6.1 GW of offshore wind capacity was installed in 2020, a small decrease compared to 6.24 GW in 2019.<\/p>\n<p>The GWEC&#x27;s report, published earlier this year, forecasts that over 235 GW of offshore wind capacity is set to be installed across the next decade, however, with overall capacity hitting 270 GW by the year 2030.<\/p>\n<p>Australia currently has no offshore wind farms. Toward the end of November its parliament endorsed laws which authorities said would &quot;support the development of Australia&#x27;s offshore energy industry and deliver new jobs and investment in offshore windfarms and transmission projects.&quot;<\/p>\n<p>In a statement at the time, Angus Taylor, Australia&#x27;s minister for industry, energy and emissions reduction, said the legislation would &quot;accelerate a number of key projects already under development.&quot;<\/p>\n<p>These include Star of the South, another offshore wind farm that&#x27;s been proposed for waters off the coast of Gippsland. Those behind the project say if Star of the South is &quot;developed to its full potential&quot; the facility will power roughly 1.2 million homes in the state of Victoria.<\/p>\n<h2>More from CNBC Climate:<\/h2>\n<p><strong>Read more about how businesses and consumers are fighting and adapting to climate change:<\/strong><\/p>\n<p>California could keep Diablo Canyon nuclear plant open to 2050 and save $21 billion, say scientists<\/p>\n<p>Apple loses key autos engineer to electric aviation startup Archer<\/p>\n<p>These 11 countries could face extreme instability from climate change, says U.S. intelligence<\/p>\n<p>Why Illinois paid $694 million to keep three nuclear plants open<\/p>\n<p>Over the past few years, a number of firms have become involved with floating offshore wind projects.<\/p>\n<p>Back in 2017 Norway&#x27;s Equinor opened Hywind Scotland, a 30 megawatt facility it calls &quot;the first full-scale floating offshore wind farm.&quot;<\/p>\n<p>Then in September 2021, another Norwegian company, Statkraft, said that a long-term purchasing agreement related to a floating offshore wind farm dubbed &quot;the world&#x27;s largest&quot; had started.<\/p>\n<p>Elsewhere, RWE Renewables and Kansai Electric Power announced in August that they had signed an agreement that will see them look into the &quot;feasibility of a large-scale floating offshore wind project&quot; in waters off Japan&#x27;s coast.<\/p>\n<p>Floating offshore wind turbines are different to bottom-fixed offshore wind turbines that are rooted to the seabed. One advantage of floating turbines is that they can be installed in deeper waters compared to bottom-fixed ones.<\/p>\n<p>RWE has described floating turbines as being &quot;deployed on top of floating structures that are secured to the seabed with mooring lines and anchors.&quot;<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/12\/23\/huge-floating-wind-farms-are-being-planned-off-the-coast-of-australia.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At this moment in time, Australia has no offshore wind farms. Floating offshore wind turbines are different to bottom-fixed offshore wind turbines that are rooted [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":124315,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Huge floating wind farms are being planned off the coast of Australia - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/huge-floating-wind-farms-are-being-planned-off-the-coast-of-australia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Huge floating wind farms are being planned off the coast of Australia - Fin2me\" \/>\n<meta property=\"og:description\" content=\"At this moment in time, Australia has no offshore wind farms. Floating offshore wind turbines are different to bottom-fixed offshore wind turbines that are rooted [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/business\/huge-floating-wind-farms-are-being-planned-off-the-coast-of-australia\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-23T13:10:54+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/12\/Huge-floating-wind-farms-are-being-planned-off-the-coast-of-Australia.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/business\/huge-floating-wind-farms-are-being-planned-off-the-coast-of-australia\/\",\"url\":\"https:\/\/fin2me.com\/business\/huge-floating-wind-farms-are-being-planned-off-the-coast-of-australia\/\",\"name\":\"Huge floating wind farms are being planned off the coast of Australia - Fin2me\",\"isPartOf\":{\"@id\":\"https:\/\/fin2me.com\/#website\"},\"datePublished\":\"2021-12-23T13:10:54+00:00\",\"dateModified\":\"2021-12-23T13:10:54+00:00\",\"author\":{\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/fin2me.com\/business\/huge-floating-wind-farms-are-being-planned-off-the-coast-of-australia\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fin2me.com\/business\/huge-floating-wind-farms-are-being-planned-off-the-coast-of-australia\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fin2me.com\/business\/huge-floating-wind-farms-are-being-planned-off-the-coast-of-australia\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fin2me.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/fin2me.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Huge floating wind farms are being planned off the coast of Australia\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fin2me.com\/#website\",\"url\":\"https:\/\/fin2me.com\/\",\"name\":\"Fin2me\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fin2me.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Mark\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"caption\":\"Mark\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Huge floating wind farms are being planned off the coast of Australia - Fin2me","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fin2me.com\/business\/huge-floating-wind-farms-are-being-planned-off-the-coast-of-australia\/","og_locale":"en_US","og_type":"article","og_title":"Huge floating wind farms are being planned off the coast of Australia - Fin2me","og_description":"At this moment in time, Australia has no offshore wind farms. Floating offshore wind turbines are different to bottom-fixed offshore wind turbines that are rooted [...]","og_url":"https:\/\/fin2me.com\/business\/huge-floating-wind-farms-are-being-planned-off-the-coast-of-australia\/","og_site_name":"Fin2me","article_published_time":"2021-12-23T13:10:54+00:00","author":"Mark","twitter_card":"summary_large_image","twitter_image":"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/12\/Huge-floating-wind-farms-are-being-planned-off-the-coast-of-Australia.jpg","twitter_misc":{"Written by":"Mark","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/fin2me.com\/business\/huge-floating-wind-farms-are-being-planned-off-the-coast-of-australia\/","url":"https:\/\/fin2me.com\/business\/huge-floating-wind-farms-are-being-planned-off-the-coast-of-australia\/","name":"Huge floating wind farms are being planned off the coast of Australia - Fin2me","isPartOf":{"@id":"https:\/\/fin2me.com\/#website"},"datePublished":"2021-12-23T13:10:54+00:00","dateModified":"2021-12-23T13:10:54+00:00","author":{"@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/fin2me.com\/business\/huge-floating-wind-farms-are-being-planned-off-the-coast-of-australia\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fin2me.com\/business\/huge-floating-wind-farms-are-being-planned-off-the-coast-of-australia\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fin2me.com\/business\/huge-floating-wind-farms-are-being-planned-off-the-coast-of-australia\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fin2me.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/fin2me.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"Huge floating wind farms are being planned off the coast of Australia"}]},{"@type":"WebSite","@id":"https:\/\/fin2me.com\/#website","url":"https:\/\/fin2me.com\/","name":"Fin2me","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fin2me.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Mark","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fin2me.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","caption":"Mark"}}]}},"_links":{"self":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/124316"}],"collection":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/comments?post=124316"}],"version-history":[{"count":0,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/124316\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media\/124315"}],"wp:attachment":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media?parent=124316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/categories?post=124316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/tags?post=124316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}