Australia
The Australian federal government is aiming to reach net zero carbon emissions by 2050.
Energising Australia with offshore wind
While offshore wind is new to Australia, it is set to play a critical role in the nation’s energy mix.
Corio Generation, a portfolio company of Macquarie Asset Management, is one of the leading pioneers of offshore wind energy in Australia.
We are developing Great Eastern Offshore Wind, a 2.5 GW fixed-bottom offshore wind project, located 24 km off the Wellington Shire coast in central Gippsland, Victoria, in Australia’s first declared offshore wind zone.
The Great Eastern Offshore Wind project is one of the largest proposed offshore wind farms developments in Australia and could be among the first projects constructed.
Once operational, Great Eastern Offshore Wind would help meet both the Victorian Government’s offshore wind target of installing at least 2 GW by 2032, and contribute to the Australian Federal Government’s net zero emission targets by 2050.
Corio has built a team of offshore wind and infrastructure specialists on the ground in the state of Victoria. This team has deep experience in delivering offshore wind projects overseas and complex infrastructure projects locally in Victoria.
Australia news
“Based on what we have seen from successful offshore wind deployment around the world, I am pleased to see that all the key drivers are being progressed effectively in Victoria, particularly in Gippsland.”
Penny Pickett, Head of Australia, Corio Generation
Determined to make a positive impact
As one of the world’s leading offshore wind developers, Corio Generation is expertly placed to support the energy transition in Australia.
Bringing together a sector-leading team of industrial, finance, development and asset management experts, Corio has one of the largest offshore wind development portfolios, standing at more than 30+ GW worldwide. Read more.
Corio Generation is a portfolio company of Macquarie Asset Management operating on a standalone basis.
“One of the reasons why we are really enthusiastic about Australia is that it’s an opportunity for us to take the skills and global leading position we’ve developed in offshore wind over the years and bring this back to Macquarie’s home market.”
Jonathan Cole, CEO, Corio Generation
Corio worldwide
We are developing projects across Europe, Asia-Pacific and the Americas.
