Australia Signs up With the Global Offshore Wind Alliance

In a positive signal that Australia is serious about offshore wind as a key part of its energy mix and economy, the Australian Government has signed onto the Global Offshore Wind Alliance.

The Global Offshore Wind Alliance aims to achieve a minimum total offshore wind capacity of 380 GW by 2030 and 2000 GW by 2050, and by joining the grouping Australia has shown a serious commitment to the clean energy transition.

Australia’s renewable energy sector has made significant progress in the last five years, doubling its installed capacity to 33%. The country is now working to reach over 80% renewable energy generation by 2030.

While Australia has a long legacy of a fossil fuel-intensive electricity system, it is now at the cutting edge of the clean energy transition. Emissions down under are falling while those of most other sectors are on the rise. With stable and supportive policy from the government and substantial investment in electricity grids, the belief is the country can move quickly to decarbonise Australia’s electricity sector.

Australia’s Clean Energy Council Chief Executive, Kane Thornton, hosted a discussion session at COP27 called ‘Unlocking Australia’s Offshore Wind Industry: Waking a Sleeping Giant’. During the event he said: “The opportunity for Australia is enormous, we have some of the best offshore wind resource in the world and governments are setting strong targets and policy to unlock this investment.”

#OffshoreWind #Australia

Thanks for reading ESG News Asia! Subscribe for free to receive new posts and support my work.