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UK-based SSE Renewables and Singapore’s Equis Growth have shaped a 50/50 consortium to bid for a feasibility license to expedite the event, development, ongoing operations and possession of an offshore wind farm venture in Australia’s first offshore wind zone of Gippsland, close to the State of Victoria.
The companions have recognized the goal areas wherein they intend to use for a feasibility licence and are working collectively on the required due diligence work forward of a bid submission in April this yr.
If profitable, SSE Renewables can be chargeable for the engineering, procurement, development, operations, and upkeep of the offshore wind venture. Equis can be answerable for the event of the offshore wind venture, together with the ability community connection, growth approval and environmental necessities, neighborhood and stakeholder engagement, offtake and authorities licensing and financing necessities.
The State of Victoria is focusing on not less than 2 GW of offshore era capability by 2032, 4 GW by 2035 and 9 GW by 2040.
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