Investigation of the potential to implement offshore wind energy technology in Victoria, Australia

In order to consolidate a sustainable renewable energy infrastructure, the Australian state of Victoria requires an advancement and development of any feasible renewable energy alternatives. There is a large onshore wind energy market in Victoria but the state currently has no offshore wind technology under consideration or proposal. Australia, and Victoria, has a vast coast line with desirable wind resources for offshore wind implementation. In order to definitively investigate the potential for such technology, a simulation was designed to test the amount of power that could be produced in Victoria by using real life wind speed data sets. The simulation output was analyzed in conjunction with an analysis of the social, political, environmental and economic considerations that could increase or decrease the potential for this technology. 11 simulation scenarios were tested and analyzed, two of which produced a positive net present value by the conclusion of its commissioned operational life. It was found that there is the potential for development of this technology within certain locations in Victoria but it would face several barriers to implementation. The most prominent barriers are competition with a thriving coal and fossil energy industry and competition with more economically desirable alternative renewable technologies such as onshore wind energy.