Offshore Energy has unveiled a proposal to establish an offshore windfarm in Australia featuring up to 250 turbines.

If approved, the farm will be built within a 574km² area off the coast of Gippsland in eastern Victoria, Australia. To be developed with A$8bn ($6bn) investment, the farm will be able to generate around 8,000GWh of electricity per year, representing around 18% of Victoria’s power usage, which is enough to supply 1.2 million homes.

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Offshore Energy has been working with the Victorian and Commonwealth Governments to conduct a formal feasibility assessment of the project, named Star of the South. This study is expected to take three years to complete.

The wind energy project is expected to create 12,000 jobs during construction phases and 300 ongoing operational and maintenance jobs.

"Offshore wind would add to Victoria’s system capacity and security as Australia transitions to a more diverse energy mix."

Victoria Energy, Environment, and Climate Change Minister Lily D’Ambrosio said: “A new renewable power generator of this size would drive down electricity prices and we’ll support Offshore Energy wherever we can to progress this study.

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“Offshore wind would add to Victoria’s system capacity and security as Australia transitions to a more diverse energy mix.”

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In addition, Offshore Energy has signed a memorandum of understanding (MoU) with Australia’s Commonwealth and Victorian Governments for receiving assistance for the proposed project. If approved, the project would help achieve the government’s renewable energy target of 40% by 2025.