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 2026-10-13
100%
of GW sited through contested rounds
delivered (metered), 2026 to 13 Oct 2026Expected Buildout (confidence-weighted), 2026 the remainder of the yearfleet expected by year end
Annual additions · delivered to 13 Oct 2026, expected afterGW per year
00.511.5GW/yr202021222324252627282930313233343536373839400.61.41.10.60.40.20.10.1
Cumulative fleet · year endsGW operating
012345GW202021222324252627282930313233343536373839400.0 by year end0.00.0 on 13 Oct 20260.03.14.4

Delivered to 13 Oct 2026; expected from then. 9.9 GW of live pipeline weights to 4.5 GW expected to complete. Projects on hold, and projects with no dated milestone, are modelled and sit in the expected line.

Source: Hafrok · hafrok.com/markets/australia · data as of 13 Oct 2026

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 (60% on time, n=144), financed projects tighter still (76%, n=95), consented-only projects carry the fat tail, with 21% landing three or more years late (n=126). 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, because 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, so completion rates after FID rest on a record with few failures and 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 2026-10-13; 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. […]

Source: Hafrok · hafrok.com/markets/australia · data as of 13 Oct 2026

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 Green——Blue Mackerel North · — · Early Development · outlook: Prospective · Rounds: au-gippsland-feasibility-2024Blue Mackerel North——Gippsland 01 · — · Early Development · outlook: Prospective · Rounds: au-gippsland-feasibility-2024Gippsland 01——Gippsland 02 · — · Early Development · outlook: Prospective · Rounds: au-gippsland-feasibility-2024Gippsland 02——Gippsland Dawn · 2.1 GW · Cancelled · Rounds: au-gippsland-feasibility-2024Gippsland Dawn—2.1 GWGippsland Skies · — · Cancelled · Rounds: au-gippsland-feasibility-2024Gippsland Skies——Great Eastern · 2.5 GW · Early Development · outlook: Prospective · Rounds: au-gippsland-feasibility-2024Great Eastern—2.5 GWHigh Sea Wind · 1.28 GW · Early Development · outlook: Prospective · Rounds: au-gippsland-feasibility-2024High Sea Wind—1.28 GWKent Offshore Wind · 2 GW · Cancelled · Rounds: au-gippsland-feasibility-2024Kent Offshore Wind—2 GWKut-Wut Brataualung · — · Early Development · outlook: Prospective · Rounds: au-gippsland-feasibility-2024Kut-Wut Brataualung——Navigator North · 1.5 GW · Early Development · outlook: Prospective · Rounds: au-gippsland-feasibility-2024Navigator North—1.5 GWStar of the South · 2.2 GW · Early Development · outlook: Prospective · Rounds: au-gippsland-feasibility-2024Star of the South—2.2 GWNovocastrian Wind · 2.1 GW · Cancelled · Rounds: au-hunter-feasibility-2025 (withdrawn)Novocastrian Wind—2.1 GWSpinifex · 1.2 GW · Early Development · outlook: Prospective · Rounds: au-southern-ocean-feasibility-2025Spinifex—1.2 GWBunbury Offshore Wind North · — · Early Development · outlook: Prospective · Rounds: au-bunbury-feasibility-2026Bunbury Offshore Wind North——Bunbury Offshore Wind South · — · Early Development · outlook: Prospective · Rounds: au-bunbury-feasibility-2026Bunbury Offshore Wind South——Westward Wind · 1.2 GW · Early Development · outlook: Prospective · Rounds: au-bunbury-feasibility-2026Westward Wind—1.2 GW

Source: Hafrok · hafrok.com/markets/australia · data as of 13 Oct 2026