Illawarra offshore wind sunk as BlueFloat's owner decides to axe the company

Illawarra offshore wind sunk as BlueFloat's owner decides to axe the company

BlueFloat Energy will be folded, putting an end to the development of the Illawarra Offshore Wind Zone - unless another interested party can one day be found.

Messy end for offshore wind giant as investor pulls plug

Quantum Capital Group told Australian media it is selling the assets of BlueFloat Energy and exiting the sector

Illawarra offshore wind sunk as BlueFloat’s owner decides to axe the company

The Illawarra offshore wind zone has been sunk as the only group interested in developing it, BlueFloat Energy, will be folded. BlueFloat, which had applied for a feasibility licence to develop a wind farm off the Illawarra Coast, but then asked for this assessment to be paused, will cease operations globally, the company has told the Mercury. Unless another interested developer arrives, this will bring to an end attempts to develop an offshore …