Wind investment fell off a cliff: The industry gets excited, because the *first* wind project just got approved for 2025? (!)
By Jo Nova
Despite the government plans to cover the country in wind turbines, the wind industry fell in a very big hole in 2025
Things in Renewable-Land must be worse than they seem. Giles Parkinson at RenewEconomy has been reduced to celebrating that *one* sole wind plant in Australia (one!) finally got a green light to proceed. This was “a first for 2025”. Ouch. Which is another way of saying that the economics of wind turbines are so awful, no one else in Australia wanted to build one this year.
“The investment drought is breaking,”says CEO hails first Australia wind project to reach financial close in 2025
Giles Parkinson, RenewEconomy
Auaetralia’s year-long wind energy investment drought has finally been broken after Tilt Renewables gave the green light to the 108 megawatt (MW) Waddi wind project in Western Australia.
The Waddi wind farm, located in the state’s wheatbelt about 150 kms north of Perth, is the first wind project to reach financial close in 2025 in Australia, and will begin construction in 2026 and reach full operations in 2028.
“This will be the first wind farm to reach a Final Investment Decision in 2025 and shows that the investment drought for new projects in Australia is finally breaking,” said Tilt CEO Anthony Fowler.
“Wind projects have been held back by a combination of grid access, connection challenges, social licence, and rising costs, although the industry says these have now started to ease. “
https://joannenova.com.au/2025/12/wind-investment-fell-off-a-cliff-the-first-wind-project-is-approved-in-australia-for-2025/
