Origin’s Navigator North puts Victorian offshore wind project on hold amid renewables rethink

The developer of a major proposed Victorian offshore wind farm has put the $8 billion project on ice as uncertainty over the economic and political viability of the industry forces key renewable energy investors to reconsider their near-term priorities.

As the Albanese government prepares to deliver a series of critical climate and energy announcements over the next fortnight, staff at the Origin Energy-backed Navigator North offshore wind farm in Gippsland have been let go after the company decided not to prioritise the project’s development, according to multiple industry sources speaking on condition of anonymity. Loading...