Novocastrian Offshore Wind

Novocastrian Wind Pty Ltd joint statement 

Novocastrian Wind has made the decision to not proceed with the feasibility licence offered by the Australian Government for the Novocastrian Offshore Wind Farm located in the Hunter offshore wind zone.  

The decision reflects a combination of broader global challenges affecting the offshore wind industry and developers, and project-specific factors. We recognise this will be disappointing to many across the Hunter region and the broader energy sector.  

The Australian Government has taken important steps to advance the energy transition and establish a framework for offshore wind in Australia. These efforts have played an important role in progressing the offshore wind industry and projects like Novocastrian Wind.  

We’d like to acknowledge the vision and leadership of Andy Evans and Peter Sgardelis, the two founders of Oceanex Energy, who established the project in early 2020, and their partner Green Tower. Since Equinor entered the project alongside Oceanex Energy in late 2022, significant work has been undertaken, combining Oceanex’s local knowledge and expertise and Equinor’s strong project management and global experience, resulting in a proposal that led to Novocastrian Wind being the only party offered a feasibility licence in the Hunter zone. 

The Hunter was selected for its strong characteristics for an offshore wind industry, including a legacy of heavy industry and innovation, established infrastructure, regional supply chain potential, and high-quality wind resources. We continue to view the Hunter region as well positioned to lead Australia’s energy transition.   

Whilst the feasibility licence has not been accepted, Oceanex Energy remains committed to exploring options for offshore wind to support jobs, investment, energy supply and security, and prosperity for the Hunter and New South Wales. 

Equinor is committed to a low-carbon future. With over 20 years of experience in offshore wind development, we are one of the largest offshore wind developers globally. While we are not progressing with this feasibility licence, we believe Australia continues to have a significant role to play in the global energy transition, with its world class wind resources, industrial capability, and the potential to develop a competitive offshore wind sector over time.