There is still a future for offshore wind in Australia after the energy source's latest stumble, with an $8 billion wind farm off the coast of a key energy region put on ice.

Staff have been let go and operators have signalled their reluctance to bid for government funding to build 110 turbines off the coast of Victoria's Gippsland as part of the Navigator North project, located about 38 kilometres from tourist hotspot Lakes Entrance.

It's the latest in a string of delayed or cancelled wind projects nationally, with the state government's renewable energy strategy relying on wind as a key source of energy as coal power stations are switched off.

The Gippsland project was meant to be able to power the equivalent of one million homes, but the companies behind it have revealed they don't p

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