Construction of offshore wind farms means more opportunities for locals as supply chains need to be set up to set for the development, construction, and operations stages of the project. This will result in new business opportunities for local contractors, manufacturers, and suppliers. Training programs for skilled workers and the creation of new apprenticeships will also provide upskilling opportunities for the region’s workforce.
The project will generate large scale clean energy for industry, homes, and businesses in the local region. This energy will make a substantial contribution to the fight against climate change and is needed to replace ageing coal-fired power plants as they retire over the coming decades in the National Energy Market (NEM). NEM is an interonnected electricity grid formed in the east coast of Australia and includes states of NSW, QLD, VIC, Tasmania and SA.
Replacement of fossil fuel generators with large capacity renewables will be needed to meet the Federal Government’s current 43% emissions reduction target. Offshore wind projects are one of the best options to help meet this target because of the scale of clean energy capacity that will be required, at locations close to load network infrastructure.
Having access to more sources of clean renewable energy also means more options for companies making products in the region to reduce embedded carbon emissions. This benefits local industry, by providing the opportunity to access a wider range of clean industry investment sources. There is significant interest in South Australia for new low carbon industries, such as hydrogen, green steel and other energy intensive products that could be made or manufactured in South Australia, which has exceptionally good renewable energy resources.
It is anticipated that over a billion of dollars of investment would be required in the region over the life of the Kingston Offshore Wind Farm . This investment is expected to create economic flow on effects that strengthen the economy of the region over the life of the project.
During construction many hundreds of direct jobs will be created, as well as hundreds more indirect jobs supporting the project. This is in addition to the permanent roles that will need to be created to operate and maintain the wind farm over the coming decades. Some of the construction and permanent roles will be local to the area, some jobs will be statewide and some are anticipated to be servicing the offshore wind industry in Australia in general.