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SEC Fires up First Public Power Asset Since ’90s, but Wind Plans Hit as AGL Scraps Gippsland Project

AGL abandoned its 2.5-gigawatt offshore wind project due to rising costs and global policy shifts and will focus on onshore wind, batteries, and gas projects instead.

AGL-backed Gippsland Skies consortium is the third joint venture to walk away from early-stage studies for an offshore wind farm in Victoria.

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Australian Financial Review broke the news in Sydney, Australia on Friday, December 5, 2025.
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