Economic benefit for Australia leasing round

Australia leasing round economic benefit

Overview

For a feasibility license application for Australia leasing round – a project in Victoria, Australia, we assessed a project’s economic and environmental impact.

The project supported Victoria’s offshore wind targets and the goal of net zero by 2050. We quantified the project’s contribution to job creation and economic growth at local and national levels. We also calculated avoided carbon emissions, offering a robust foundation for regulatory evaluation.

Key challenges

  • Providing a credible baseline and ambitious scenario
  • Modelling local and national impacts
  • Estimating avoided carbon emissions over project lifetime

Key impact

  • Developed economic model quantifying job creation and value added at both local and national levels
  • Applied BVGA’s environmental impact model to calculate total lifetime avoided CO₂ to the Australia leasing round
  • Strengthened case for approval in a competitive leasing round
  • Enabled clients to demonstrate the project’s alignment with state and national policy objectives

BVGA team

Alun Roberts

Neil Douglas

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