Market profile

Australia

emerging * buildout: pending risk: pending outlook: pending

* maturity derived from capacity data; full assessment pending.

0
GW operational
0
GW in construction
9.9
GW pipeline
17
projects
Early Development · 9.9 GW (13)
Progress to target
0%
0 GW operational of 9 GW by 2040
Victoria legislated offshore wind targets — 2 / 4 / 9 GW
Next auction round
Victoria Offshore Wind Auction — Round 1 (CfD + availability payment)
2028 · CfD + availability payment (OFFTAKE) · scheduled
2.0 GW offered
full auction outlook ↓

Assessment

Assessment pending

This market has a derived snapshot above but no in-depth assessment yet. Authored coverage rolls out market by market; the data here is live in the meantime.

State of the market

as of 2026-09-09
100%
of GW sited through contested rounds
delivered (COD actuals)unweighted dated pipeline (building / contracted / early)Expected Buildout (confidence-weighted)national target (range)superseded targettoday
0246810GW2025203020352040todayEXPECTED BUILDOUT → 4.4 GW+ building → 0.0 GW+ contracted → 0.0+ early → 0.00.0 GW operational9.0 GW target · 2040

Teal line = the Hafrok Expected Buildout (confidence-weighted): 9.9 GW of live pipeline weights to 4.5 GW expected to complete, timed by each project's COD distribution (mass beyond 2041 not drawn). Bands are the unweighted dated pipeline — the Expected Buildout also models on-hold and undated projects, so it can sit above them. 9.9 GW of pipeline has no dated COD and is not in the bands.

How this line is made

The Expected Buildout line answers one question: of the pipeline announced today, how much actually gets built, and when? It is not a scenario and not a target tracker — it is the database's live pipeline, passed through two filters measured from the industry's own delivery record.

Whether a project completes. Every project in development carries a completion weight, banded Delivering / Expected / Prospective / Fragile. A proposal — a site where no authority has yet granted rights — carries none and sits outside this line entirely; it is listed, not counted. The starting point is the historical completion rate of its lifecycle stage — of projects that reached construction, 97% delivered; financed but not yet building, 92%; consented without financing, 75%; early development, 61%; on hold, 15%. That base rate is then adjusted by what the project has actually secured (offtake, grid, consents, investment decision) and decays if a project sits quiet past its stage's normal dwell time.

When it delivers. Each project also carries a completion-date distribution — a shape, not a single year, right-skewed because offshore wind slips late far more often than it runs early. The peak sits on a rule-based expected date chained from the project's latest achieved milestone; the width of the late tail is fitted to how far past their announced dates real projects actually landed: builders slip tight (68% on time, n=158), financed projects tighter still (72%, n=101), consented-only projects carry the fat tail — 25% land three or more years late (n=133). A stated date faster than any comparable project has ever achieved is floored to the achievable window and flagged, never taken at face value.

The line is the sum, across every live project, of capacity × completion weight × the probability it delivers in each year. For projects already under construction, a share of expected capacity is counted at first power — turbines start generating before a wind farm is fully commissioned — so a market's chart can show capacity arriving a year before a project's stated completion date. Delivered history is metered fact; the line inherits every assumption above and nothing else.

Honest limits. The weights are calibrated on a fleet whose failures have so far been overwhelmingly pre-financing — completion rates after FID rest on a record with few failures, so they are ceilings, not guarantees. The slip fitted on consented projects is the loosest (the "three or more years late" bucket spans many years). Policy shocks arrive faster than base rates move — the weights see a stop-work order only as its lifecycle consequences accrue. And the line redistributes as the database learns: it is re-derived on every data refresh, not frozen.

Full per-project workings — each project's weight, band, expected date and distribution — are on its project page. Calibration v2.0-phase0 · generated 2026-09-09; every figure above is read from the generated calibration file, never typed.

Auction outlook

forecast · 1 round tracked
Seabed leaseOfftake awardIntegrated tenderscheduled — bar spans the expected windowplanned (indicative)postponed / suspendedno date yet (off-axis)
202720282029todaySCHEDULED — DATE CONFIRMEDVictoria Offshore Wind Auction — Round 1 (CfD + availability payment) · 2028 · scheduled · 2 GW offeredVictoria Offshore Wind Auction — Round 1 (C… · 2 GW
Offtake award Victoria Offshore Wind Auction — Round 1 (CfD + availability payment) scheduled
What the date rests on — RFP OPENED 26 August 2026 for an initial 2 GW (postponed about a year from the planned September 2025). The Minister for Energy and Resources opened the Request for Proposal process that day; the auction closes August 2027 and contracts are expected to be awarded in 2028. expected_date tracks the AWARD (the point at which the round graduates to the settled record), not the opening — hence 2028, at the year precision the source states. Supersedes the January 2026 press reading that put contract award "later in 2026"; that caveat is now discharged by an official document.

Australia's first offshore-wind OFFTAKE auction; the seabed/feasibility-licence round was held earlier and is on the settled record. Contract-for-Difference plus an availability payment (paid once generating). Contracts are expected to be integrated into the national Electricity Services Entry Mechanism (ESEM). Backs Victoria's legislated targets — 2 GW by 2032, 4 GW by 2035, 9 GW by 2040. Registration of Interest closed around May 2025; likely bidders are the Gippsland and Southern Ocean feasibility-licence holders. […]

Origination ladder

settled rounds → projects
Seabed leaseOfftake awardIntegrated tenderbirth award (colour = round type)no auction award on record (the chapter names how the site originated)offtake / tender winterminated award / cancelledFIDCOD achievedCOD expected (dashed = still to run)on hold
202520252030203020352035NO OFFTAKE AWARD YET — DEVELOPMENT OR SHELVEDAurora Green · — · Early Development · outlook: Prospective · Rounds: au-gippsland-feasibility-2024Aurora GreenBlue Mackerel North · — · Early Development · outlook: Prospective · Rounds: au-gippsland-feasibility-2024Blue Mackerel NorthGippsland 01 · — · Early Development · outlook: Prospective · Rounds: au-gippsland-feasibility-2024Gippsland 01Gippsland 02 · — · Early Development · outlook: Prospective · Rounds: au-gippsland-feasibility-2024Gippsland 02Gippsland Dawn · 2.1 GW · Cancelled · Rounds: au-gippsland-feasibility-2024Gippsland Dawn2.1 GWGippsland Skies · — · Cancelled · Rounds: au-gippsland-feasibility-2024Gippsland SkiesGreat Eastern · 2.5 GW · Early Development · outlook: Prospective · Rounds: au-gippsland-feasibility-2024Great Eastern2.5 GWHigh Sea Wind · 1.28 GW · Early Development · outlook: Prospective · Rounds: au-gippsland-feasibility-2024High Sea Wind1.28 GWKent Offshore Wind · 2 GW · Cancelled · Rounds: au-gippsland-feasibility-2024Kent Offshore Wind2 GWKut-Wut Brataualung · — · Early Development · outlook: Prospective · Rounds: au-gippsland-feasibility-2024Kut-Wut BrataualungNavigator North · 1.5 GW · Early Development · outlook: Prospective · Rounds: au-gippsland-feasibility-2024Navigator North1.5 GWStar of the South · 2.2 GW · Early Development · outlook: Prospective · Rounds: au-gippsland-feasibility-2024Star of the South2.2 GWNovocastrian Wind · 2.1 GW · Cancelled · Rounds: au-hunter-feasibility-2025 (withdrawn)Novocastrian Wind2.1 GWSpinifex · 1.2 GW · Early Development · outlook: Prospective · Rounds: au-southern-ocean-feasibility-2025Spinifex1.2 GWBunbury Offshore Wind North · — · Early Development · outlook: Prospective · Rounds: au-bunbury-feasibility-2026Bunbury Offshore Wind NorthBunbury Offshore Wind South · — · Early Development · outlook: Prospective · Rounds: au-bunbury-feasibility-2026Bunbury Offshore Wind SouthWestward Wind · 1.2 GW · Early Development · outlook: Prospective · Rounds: au-bunbury-feasibility-2026Westward Wind1.2 GW