Posted on October 21, 2024
Moves by Origin Energy and Norway’s Equinor have exposed big doubts about offshore wind developing anywhere in NSW, given high costs that are only modestly lower than for large nuclear plants.
The prospects for a multi-billion dollar offshore wind industry emerging anywhere in NSW are crumbling with leading players walking away from coastal projects, exposing threats to the federal government’s ambition to power heavy industry and homes with reliable renewables.
The decision by Norway’s Equinor to pull out of the running for the Illawarra Wind Zone south of Sydney has fuelled doubts about the chances for also developing a similar zone off the NSW Hunter coast further north, despite the former national oil company’s stated commitment to pursuing a project in that region.
