BlueFloat Energy, a major offshore wind developer, is contemplating exiting the Australian market, potentially selling its Victorian project due to various industry challenges. The company had secured a feasibility licence for an offshore wind farm in Gippsland, Victoria, and a preliminary licence in New South Wales. However, persistent local opposition, regulatory delays, and rising costs have strained its outlook. The delay of the Victoria-NSW electricity interconnector by two years has further compounded challenges for Australia’s renewable energy transition. Despite these hurdles, Victoria remains committed to its ambitious renewable targets, planning extensive renewable energy zones and transmission lines to support clean energy development. theaustralian.com.au
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