Equinor and Nexsphere to explore offshore wind in Tasmania

Floating offshore wind turbines against cloudy blue sky (offshore wind)
Image: Shutterstock

Norwegian broad energy company Equinor and Australian offshore wind developer Nexsphere have finalised a deal allowing the parties to jointly mature the Bass Offshore Wind Energy (BOWE) project in the Bass Strait, Tasmania.  

The completion comes after the Foreign Investment Review Board (FIRB) has formally granted initial approval for Equinor to invest in the BOWE project. 

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Equinor senior director for offshore wind in Australia Thomas Hansen said, “We’re delighted that our collaboration with Nexsphere has been finalised with the initial FIRB approval. We are now set to progress the BOWE project in Tasmania together with Nexsphere. The fixed-bottom project has the potential scale to materially underpin Tasmania’s ambitions for growing renewable energy generation with multiple offtake routes.” 

Nexsphere CEO Glen Kierse said, “Equinor is a global leader in wind energy and with this partnership in place we will be able to further progress our exciting BOWE Project with confidence. The BOWE project is uniquely positioned to support many of the Tasmanian Government’s recent announcements including Marinus Link, Battery of the Nation and the Bell Bay Hydrogen Hub.”     

The project team will continue to engage with Tasmanian communities and businesses during the project’s life span as local engagement is critical to the sustainable project development of offshore wind. 

The BOWE project will provide a major economic boost to northern Tasmania and create significant short-term and long-term employment opportunities during the development, delivery, management and operational phases of the project. These will range from research, marine and structural engineering, vessel fleet and delivery headquarters, and yard and port operations.  

Related article: Norway’s Equinor to help progress Bass Offshore Wind project

The project partners intend to mature the project to apply for a feasibility licence once the relevant Declared Site Zone has been opened for submissions by the Australian Government. 

Equinor has significant international experience in developing offshore wind projects and is bringing that proven, world-leading capability to Australia to deliver more reliable renewable energy, in partnership with locals. 

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