UK and Singaporean Firms Partner for Australian Offshore Wind Tilt

SSE Renewables (SSE), a subsidiary of UK-listed SSE plc, and Singapore-based renewable energy developer Equis Development (Equis), have formed a 50/50 owned consortium to bid for a feasibility licence for ownership of an offshore wind farm project in Australia’s first government declared offshore wind zone of Gippsland.

SSE and Equis have identified the target areas in which they intend to apply for the feasibility licence and are working together on the required due diligence work ahead of a bid submission in April 2023.   

Should the consortium be successful, SSE will be responsible for the engineering, procurement, construction, operations, and maintenance of the offshore wind project.

Equis will be responsible for the development of the offshore wind project, including the power network connection, development approval and environmental requirements, community and stakeholder engagement, offtake and government licensing and financing requirements.

The State of Victoria is targeting at least 2 GW of offshore generation capacity by 2032, 4 GW by 2035 and 9 GW by 2040.

David Russell, Managing Director at Equis said: “Equis has been a leading renewable energy developer in Australia and the Asia Pacific for the last decade, including offshore wind generation.”

“SSE is the first‐choice partner of offshore wind developers and owners globally and complements Equis’ development expertise, all of which will be fundamental for completing projects in Australia in the highly constrained and competitive offshore wind global market.”

#offshorewind #renewables #gippsland

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