Lower energy prices? More than just hot air

The Victorian Government launched Australia’s first offshore wind targets as part of its transition towards a net-zero emission future.

According to the target, 9GW of offshore wind will be installed by 2040, nearly quadrupling the total wind capacity in VIC.

In this Chart of the week, we dive into the historical data of wind generation and wholesale energy prices and their correlations to provide insights into how offshore wind can impact VIC energy prices.

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Han Wang

Han Wang

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