Article Data: 22nd August, 2025
On August 22, 2025, Equinor announced it would not proceed with the feasibility licence for the Novocastrian floating offshore wind project—one of Australia’s most promising clean energy developments—with a total capacity of up to 2 GW. Partnered with Oceanex Energy, the project had previously received government backing for detailed feasibility studies. Equinor’s withdrawal reflects broader global headwinds in the offshore wind sector. Despite this setback, Oceanex remains optimistic and committed to exploring alternative paths forward.