Australia’s 2 GW offshore wind auction: the race to power 1.5 million homes

Australia has launched its first offshore wind energy auction, marking a milestone in the country’s efforts to expand renewable energy sources. The tender, led by Victoria state in southeastern Australia, aims to secure 2 gigawatts (GW) of offshore wind capacity, enough to power approximately 1.5 million homes. The auction opened on August 26 and will remain active until August 2027, with contracts expected to be finalized in 2028. The initiative comes as Victoria seeks to phase out its aging coal-fired power plants while meeting growing electricity demand. Currently, renewables account…

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