ICOW - Australia Grants Equinor Feasibility License For Offshore Wind Project: Report | Benzinga
On Thursday, the Australian government reportedly granted Equinor ASA (NYSE:EQNR) and Oceanex Energy a license to assess the feasibility of constructing a wind farm in waters off the country’s east coast.
The feasibility license permits developers to conduct environmental assessments and geotechnical surveys, reported Reuters.
Energy Minister Chris Bowen announced that the proposed Novocastrian Wind project, located more than 20 km offshore Newcastle in New South Wales, could potentially generate over 2 gigawatts (GW) of electricity, sufficient to power 1.2 million homes, per the report.
Bowen added that if feasibility is confirmed, Oceanex, in partnership ...