Spanish company BlueFloat Energy has partnered with Origin Energy to develop the 1.72GW Eastern Rise, a floating wind project in Australia’s Hunter offshore wind zone.

The two companies have applied to the federal government for a feasibility licence. The outcome will be announced in 2024.

For the Eastern Rise offshore wind project, both will engage with stakeholders including local communities, energy consumers, traditional custodians and governments.

Located offshore the Hunter-Port Stephens coast, the proposed project can generate enough clean energy to power 825,000 homes.

The partnership combines BlueFloat Energy’s technical capabilities in developing floating wind projects and Origin’s Australian energy market experience.

Headquartered in Sydney, New South Wales, Origin Energy is an integrated energy company with more than 7GW of capacity.

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It has established itself as a leading energy retailer with 4.5 million customer accounts and is also a natural gas producer.

The alliance between the two companies comes at a time when Australia is looking to shift towards renewable energy sources, especially from offshore wind production.

BlueFloat Energy announced plans to develop Eastern Rise in February 2023.

The floating wind farm aligns with the Spanish company’s goal to fast-track the deployment of offshore wind for decarbonisation and regional economic development, and to support the global transition from coal-fired generation.

BlueFloat Energy is building offshore wind projects in several global regions. It has more than 32.4GW of capacity under development.