Owned by Macquarie Green Investment Group, Corio has announced the development of a second wind farm in Australia.
This will be located off the coast of Victoria, according to a press release issued on June 10.
Called Great Eastern Offshore Wind, it will have a capacity of 2.5 GW, bringing Corio’s total Australian network to 4GW.
Australia diversifies its renewable energy players
It will also be the second wind farm on the island-continent, after the Great Southern Offshore Wind project in the same Australian state.
The new project still requires approval for construction, feasibility studies and consultation with local stakeholders.
As such, the project could form part of the first tranche of offshore wind projects to be built in Australia by Corio.
Corio Generation is a portfolio company of Macquarie’s Green Investment Group (GIG).
It operates autonomously, without direct supervision from GIG.
In April 2022, it will launch as a specialist offshore wind company on the international market.
Corio develops its strategy
For the time being, the company has made significant inroads in Western Europe and South-East Asia, notably in South Korea.
In an official press release, Corio Generation CEO Jonathan Cole talks about his company’s progress in the Australian market.
He states:
“We see a significant opportunity for offshore wind in Australia. This sector benefits from an abundance of natural resources. Projects are being developed under clear regulatory frameworks and with government support. This means that offshore wind can contribute to Australia’s energy transition. But also, that it can support local businesses and jobs in the green economy.”
In the rest of his quote, the executive also justified the value of offshore wind in the energy transition.
In this way, he takes as an example the two Corio sites present in Great Britain.
Finally, Jonathan Cole asserts that “it’s a proven, clean and competitively priced source of electricity.”
