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Victoria delays offshore wind auction to late 2025 due to low investor interest and rising costs.
Victoria, Australia, has delayed its first offshore wind farm auction due to global investment challenges and market uncertainty, pushing the timeline to late 2025.
The state aims to generate 2 GW of offshore wind power by 2032 to replace retiring coal plants and support its 2035 emissions targets.
The delay, attributed to low investor interest and rising costs, has drawn concern from environmental groups urging federal support.
A new schedule will be announced by year’s end.
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Victoria retrasa la subasta eólica marina hasta finales de 2025 debido al bajo interés de los inversores y al aumento de los costos.