BlueFloat Energy and Origin Energy have announced a partnership and applied for a Feasibility Licence to develop the Eastern Rise Offshore Wind Project in the declared Hunter offshore wind zone, Australia. The proposed project is located off the Hunter-Port Stephens coast and has the capacity to generate 1.725 GW of renewable electricity which is equivalent to powering approximately 825,000 homes.
The partnership brings together BlueFloat Energy’s highly respected international technical capabilities in developing floating wind projects with Origin’s well entrenched and considerable Australian energy market experience. The partnership submitted a Feasibility Licence application in November and the Federal Government is expected to announce successful applicants in 2024.
In March 2023, Midocean Energy and Brookfield Renewable Partners, along with their institutional partners and investors, struck a Scheme Implementation Deed with Australian power generator and energy retailer Origin Energy to purchase 100 per cent of its shares. The scheme values Origin at $12.4 billion. After the transaction is complete, Brookfield’s institutional investors and allies GIC and Temasek Holdings will own Origin’s energy markets division.
