Victoria doubles-down on worst renewable energy option

Thursday 27 August 2026

The latest version of AEMO’s flagship report, the 2026 ISP released in June, noted the following about offshore wind [my emphasis]:

“Supported by government policies, 9 GW of offshore wind is projected to be online by 2040. However, as offshore wind is two-thirds more expensive than onshore wind to build and connect, no more is projected to be built through to 2050″.

AEMO also forecast that wind projects would dominate renewable energy supplies by 2050:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.