Essay by Eric Worrall
The Aussie Government is worried it might have to pay for Australia’s own commercially unviable renewable projects, after President Trump pulled US support.
Blue Float Energy abandons $10 billion Gippsland Dawn offshore wind proposal
Wed 16 Jul
In short:
The company behind a planned major Victorian offshore wind farm has pulled out of the market, saying it is no longer commercially viable.
It comes as an energy expert warns the country is not on track to meet its renewable energy targets.
…
Gippsland Dawn was to be a 2-gigawatt offshore wind farm built between Paradise Beach and Ocean Grange on the Gippsland coast.
The proposal received major project status from the federal government in November, and promised to deliver power to more than one million homes.
But the company behind the project, Blue Float Energy, withdrew from offshore wind internationally after major shareholder Quantum Capital said it was no longer commercially viable to invest in the sector.
…
So where is the Trump connection?
Clicking through the Blue Float Energy link in the last paragraph of the article above;
Offshore wind companies cool Australian interest as public investment considered
Tue 15 Jul
…
Mr Trump’s intervention has had a chilling effect on the industry.
“You have a bull market before Trump takes office that turns into a bear market when Trump gets in because he doesn’t like offshore wind,” Mr Evans said.
With every Australian offshore wind project backed by an international partner, the global shift has impacts at home.
…
The Victorian government has offered support for offshore wind projects, including direct funding for feasibility studies.
…
At a federal level, Australia has so far managed to avoid the significant public investment made by countries like the United Kingdom to set up the industry.
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However, the government will consider direct funding support as part of its review of the National Electricity Market (NEM) wholesale market settings.
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Read more: https://www.abc.net.au/news/2025-07-15/offshore-wind-industry-hit-by-global-headwinds/105520316
There is plenty of evidence offshore wind projects all over the world are in trouble – and the problem started before Trump took office.
How can Trump pulling funding and support for offshore wind in the USA make the situation worse for offshore wind projects in Australia?
Inflation Reduction Act set to allocate billions to Australia’s energy sector
Energy
24th May 2023Australian mining and energy companies are set to access billions of dollars in funding as part of President Joe Biden’s Inflation Reduction Act (IRA) – this could significantly contribute to the clean energy transition.
This allowance follows deals to grant special status to the country’s defence manufacturing and critical minerals industries under the IRA.
The plans were announced at the G7 summit in Hiroshima, where Australian Prime Minister Anthony Albanese met up with Biden. The summit welcomed members of leading industrial economies to discuss Chinese economic coercion and Russia’s invasion of Ukraine.
Australia is set to become a domestic source for critical sectors
Biden explained that under the Inflation Reduction Act, Australia would become a domestic powerhouse for sectors deemed critical, such as defence, critical minerals, and clean energy.
…
I don’t know if the billion dollar gifts for foreigners component of IRA funding was actually accessed, but one thing is clear: Biden’s government borrowing didn’t only fund the fake US green economy, anticipation of direct US funding was propping up the entire world’s fake green economy.
It gets crazier. Given China is a major US government creditor, the money Biden was borrowing from China to fund the IRA was being returned to China in the form of orders for green energy components, leaving the USA to pay debt interest on money which had already been returned to the pockets of Chinese investors. No doubt some of that returned money would have been recycled back into lending more money to the US government. The US Government was effectively borrowing the same recycled money again and again.
No wonder greens were upset when President Trump stopped the green funding carousel.
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July 18, 2025 at 08:07PM
Iowa Climate Science Education 
The attempt to get anywhere with offshore wind defies all reason because observers on offshore oil and gas platforms have been watching the wind like hawks for decades to enable sensitive operations like work with helicopers to proceed when the wind is low. Prolonged low wind periods, sometimes up to weeks, have been well recognised in the North Sea for all that time.
A serious investigation is required find out why the official wind watchers, the meteorologists of the world, never issued wind drought warnings which would have averted one of the most catastrophic public policy blunders in peacetime history.
Trillions have been spent worldwide to build wind and solar capacity and we have more expensive electricity which is less reliable while catastrophic harm is inflicted on the forests and farmlands of the Western world.
There is no excuse for the silence of the meteorologists because the first assessment report of the IPCC recommended a survey of the wind resources of the world to assess the possibility of using wind for large-scale electricity generation. They must have discovered the periods of days or weeks when there is little or no wind across continental and subcontinental areas but the follow-up in the second assessment report has an inconclusive section waffling about some of the studies conducted by academics, tipping their hats towards the possibility of storage to maintain the supply of power.
There is growing recognition of the wind drought problem but it has nowhere near the recognition that is required to change the minds of bureaucrats and lawmakers who are obsessed with the possibility of the green energy transition.
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