Australia’s 2025 federal election has delivered a renewed mandate for the Albanese government, an outcome that is positive for the country’s renewable energy ambitions. For Australia’s offshore wind industry, this continuity offers a valuable opportunity to accelerate progress and restore industry confidence.
Just a year ago, there was real momentum building behind Australia’s offshore wind industry with more zones being declared, strong developer interest, and optimism about the clean energy and supply chain opportunities that could be created.
Since then, the global offshore wind sector has faced headwinds. Rising costs, political opposition in previously supportive markets, and failed auctions have all dampened investor confidence around the world. When combined with local issues, such as port uncertainty, questions about how to balance local content and cost of energy, and environmental concerns, the excitement about offshore wind in Australia had started to fade.
The re-election of the Albanese government could now offer a timely reset.
With clear renewable energy targets (82% renewable electricity by 2030, net zero by 2050, although no specific national offshore win targets) and a regulatory framework beginning pioneered by the state of Victoria, Australia has the ingredients for success. But what the sector needs now is clear, visible, and consistent political backing from the re-elected government. This will help to reduce uncertainty, attract investment, and reassure communities.
If the government makes a strong statement of strategic support, it could restore confidence and put the sector back on track, becoming a serious contender in offshore wind.
