Funding secured for Australia’s first offshore wind farm

Australia’s first offshore wind farm has secured funding from a major international green energy investment fund.

The Sydney Morning Herald reports Offshore Energy has joined with Danish fund management group Copenhagen Infrastructure Partnership to develop the $8 billion 2000MW renewable energy project.

Dubbed Star of the South, the wind farm will be built 10 to 25km off the coast of Victoria’s Gippsland region in the Bass Strait, and is projected to generate 800GWh of energy annually – that’s almost twice the amount of energy produced by the now-defunct Victorian Hazelwood power station.

The project will comprise up to 250 turbines over an 574-square kilometre area of 574 square kilometres and power 1.2 million homes – nearly 20 per cent of Victoria’s energy demand.