The Novocastrian Offshore Wind Farm, proposed by Oceanex and Equinor, is a offshore wind generation project with approximately 2,000 megawatt (MW) capacity. The project is to be located 20 kilometres off the Newcastle coastline in NSW. It will involve the use of 15 MW turbines and floating foundation technology.
Novocastrian Wind – a Joint Venture of Equinor, Green Tower and the founding members of Oceanex – have announced they have not accepted the feasibility license offered to the project located in the Hunter Offshore Wind Zone.
Key Dates
| 2028 | Expected Construction Commencement |
| 2031 | Expected Construction Completion |
PROJECT HISTORY
| 2020 | Oceanex first announced plans to develop the project. |
| 2022 | Oceanex partnered with Equinor to further develop the project. |
| Jun 2024 | The Federal Government preliminarily offered Equinor and Oceanex a feasibility licence for the project. The final decision on the feasibility licence is subject to consultation processes, including with stakeholders in the local community and First Nations groups, and preparation of environmental assessments and management plans. If feasibility of the project is proven, the developers can apply for a commercial licence to build the offshore wind project to generate electricity commercially. |
| Feb 2025 | The Federal Government granted a feasibility licence for the Novocastrian Wind Farm project, enabling the commencement of assessment work needed to determine the feasibility of the project. |
| Aug 2025 | Novocastrian Wind – a Joint Venture of Equinor, Green Tower and the founding members of Oceanex – have announced they have not accepted the feasibility license offered to the project located in the Hunter Offshore Wind Zone. Novocastrian Wind cited global challenges affecting the offshore wind industry and project specific factors as the reason for its decision. |
Estimated Total Cost
(2021)
Sector
Energy
Procurement approach
Other |
Location
New South Wales |
Resources
