Offshore wind energy is booming globally as a means of introducing new, large-scale electricity generation, jobs, investment and economic prosperity to key regions.
New South Wales, in particular the Hunter and Illawarra Regions with established large-scale, heavy industries in power, mining, manufacturing, engineering and logistics, aided by world-class deep water ports, is primed to take advantage of this growing sector and to become a leader in the deployment of floating foundation offshore wind farms (needed in waters deeper than 70 metres). With ambitions of becoming an energy and economic superpower, combined with a policy framework and well-established reputation of ‘getting things done’, New South Wales is ideally suited to being the leader of a large new industry not only in Australia, but globally.
Oceanex Energy, a leading Australian offshore wind developer and owner, believes it can kickstart the floating offshore wind industry and drive two key pillars – building a supply chain and attracting the investment to do so – to establish New South Wales as a natural global offshore wind leader.
MBB was engaged to conduct a report to describe Australia’s opportunity to be a ‘first mover’ in a new economy and prosper from the development of an emerging global technology: floating foundations, as the driver for an Australian offshore wind industry based in NSW.
To develop and build four offshore wind projects in NSW (each with a CAPEX of $10 billion), it is critical that Oceanex has a deep understanding of what is required to develop a robust supply chain. MBB analysed our local supply chain and productive workforce to discover the investment required many years before construction commences on Oceanex’s Novocastrian and Illawarra Offshore Wind Farms (each 2,000MW installed capacity) in 2028.
MBB interviewed more than 50 participants from the global offshore wind industry and undertook a desktop study of available literature to advise and influence key contributors, industry stakeholders and policy makers on the potential opportunities created by developing an Australian offshore wind industry, headquartered in NSW.
- Project Leadership
- Stakeholder Management
- Infographics and Diagrams
- Transaction Strategy
- Supply Chain Analysis
- Market Creation