Aker Horizons ASA, announced that Gippsland Skies Offshore Wind ("Gippsland Skies"), a consortium of Australian and international companies, comprising Mainstream Renewable Power, Reventus Power, AGL Energy and DIRECT Infrastructure, has been granted a feasibility licence by the Federal Minister for Climate Change and Energy, for a fixed bottom 2.5 GW offshore wind project off the Gippsland region of Victoria. The feasibility licence was awarded following a highly competitive merit-based selection process, and it is expected to be one of Australia's first offshore wind projects to reach commercial operation. With a feasibility licence secured, a series of detailed studies and multi-year offshore and onshore environmental surveys will commence, subject to approval processes, alongside consultation with First Nations peoples and community stakeholders.

The first phase of the project is expected to be operational in 2032, contributing significantly to the Victorian Government's offshore wind targets of at least 2 GW by 2032 and 4 GW by 2035. When fully operational, this project could power up to 1.4 million Victorian homes which is equivalent to supplying approximately 17% of the State's 2023 electricity demand. Gippsland Skies could contribute AUD 3.7 billion to the economy and could provide 4,700 direct jobs in Australia over the estimated 40-year project life, with approximately 2,000 of those jobs in the Gippsland region.