Novocastrian Offshore Wind Farm is a 2,000MW offshore wind power project. It is planned in Tasman Sea, New South Wales, Australia. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the announced stage. It will be developed in a single phase. The project construction is likely to commence in 2029 and is expected to enter into commercial operation in 2030. Buy the profile here.
Smarter leaders trust GlobalData
Description
The project is being developed and currently owned by Equinor and Oceanex Energy. The owners have 50% stake in the project respectively.
The project is expected to supply enough clean energy to power 1,200,000 households. The project will be spread over an area of 499km². The turbines will be mounted on floating type foundations.
Development status
The project construction is expected to commence from 2029. Subsequent to that it will enter into commercial operation by 2030.
For more details on Novocastrian Offshore Wind Farm, buy the profile here.
About Equinor
Equinor ASA (Equinor), formerly Statoil ASA, is an energy company. The company's main activities include the exploration, production, and marketing of oil and gas; and the development of renewable and low-carbon energy solutions. It operates refineries, processing plants, storage, and terminals, and has interests in various oil and gas pipelines. Equinor’s major products include crude oil, condensate, natural gas, natural gas liquids, refined products, wind power, and other renewable energy sources. The company serves a wide range of customers, including individuals, businesses, and governments, providing energy for daily use, industrial applications, and infrastructure projects. Equinor operates through a global network of facilities and partnerships. The company has an operational presence in Europe, North and South America, Africa, and - Asia-Pacific. Equinor is headquartered in Stavanger, Rogaland, Norway.
About Oceanex Energy
Oceanex Energy Pty Ltd (Oceanex Energy) is a renewable energy company. The company provides development and construction services for offshore wind farms. It undertakes various pre-feasibility works including environment and planning study, wind resource assessment study, grid system capacity and availability study, floating foundation assessment study and initial port facility studies, among others. Oceanex Energy projects facilitate the generation of electricity and transmission to the existing grid connection points. The company operates projects off the coast of Australia and New Zealand. It operates with additional offices in Sydney, Wollongong and Newcastle, Australia. Oceanex Energy is headquartered in Melbourne, Victoria, Australia.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.
