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A sum of $4.62 billion has been allocated for the project.

Australia’s Star of the Southoffshore wind initiative has filed its Environmental Impact Statement for authorization under theEnvironmental Conservation and Biological Diversity Preservation (EPBC) Act.

In a statement, Star of the South mentioned that this is the key environmental clearance needed for the project to move forward.

It also officially signed an Engagement Agreement with the Traditional Owners via the Gunaikurnai Land and Waters Aboriginal Corporation (GLaWAC) following the acquisition of Major Project Status from the Federal Government after a significant land purchase.

The project’s ability to address Australia’s clean energy requirements has ensured its classification as a significant initiative, which will continue to benefit from customized support provided by the Major Projects Facilitation Agency over the next three years, including help with regulatory clearances.

It also acquired 120 hectares of agricultural land along Gippsland’s coastline near Reeves Beach, where subterranean cables will be installed to bring power generated offshore to the electrical network.

“We are proceeding with Australia’s initial offshore wind project, which will supply power to over 1.2 million households and contribute 10% of the emission cuts required to meet Australia’s 2035 climate goal,” said Charles Rattray, CEO of Star of the South.

The initiative has been in progress since 2017, having received an exploration permit in 2019 and a feasibility license in 2024 to investigate the possibilities of offshore wind energy in Bass Strait near the Gippsland coastline.

If all necessary approvals are obtained, its construction is expected to begin later this decade to aid the National Electricity Market and Victoria’s energy transition following the closure ofYallourn Power Station scheduled for 2028 and Loy Yang A for 2035.