Star of the South

What Star of the South does

Star of the South is a large-scale offshore wind energy project being developed by Southerly Ten, a privately held Australian company headquartered in Melbourne with a regional office in Yarram, Gippsland. The project will deploy wind turbines within a 586 km² licence area located 10-40 km off the Gippsland coast in the Bass Strait, harnessing strong, consistent wind resources to generate up to 2.2 GW of renewable electricity. All initial site studies are complete, confirming technical feasibility, and the project has secured a Commonwealth exploration licence (2019) and a feasibility licence (2024); draft Commonwealth and Victorian environmental impact statements were released for public review in May 2026.

The project's core product is renewable electricity generation, with the stated outcome of powering approximately 1.2 million Victorian homes, saving an estimated 7 million tonnes of CO2 emissions per year, contributing 10% of Australia's 2035 emissions reduction target, creating up to 6,000 Australian jobs, and adding $8 billion to the economy. The business model is electricity generation and sale to the Victorian grid, with offtake expected to be secured through long-term power purchase agreements awarded via the Victorian offshore wind auction scheduled for August 2026.

Go-to-market is structured as enterprise / government engagement: the project is pursuing regulatory approvals, a commercial licence, and a final investment decision before entering a 4-6 year construction phase, followed by a 30+ year operations and maintenance phase. Customer segmentation is single-vertical (Victorian electricity grid / consumers), with no named commercial customers or diversified offtake disclosed. Revenue is not yet recognized, and pricing is not publicly disclosed as it will be determined through negotiated power purchase agreements within the government auction process.

Name

Star of the South

Legal name

Southerly Ten

Website

https://starofthesouth.com.au

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Star of the South, developed by Southerly Ten, is a 2.2 GW offshore wind project in the Bass Strait off Gippsland, Victoria, designed to power 1.2 million homes and supply renewable electricity to the Victorian grid via government-auctioned power purchase agreements.

Ownership category

akta.pro rank

Product category

Offshore Wind Energy

NAICS

Wind Electric Power Generation (221115)

SIC

Electric Services (4911)

akta.pro industry

PRIMARYEUACAFAB

Offshore Wind Power Generation (Fixed-Bottom)

Energy, Utilities & Environment/Electric Power Generation/Wind Power Generation (Onshore & Offshore)

SECONDARYEUAMACAB

Offshore Wind Project Development & Leasing

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Wind Energy (Onshore & Offshore)

SECONDARYEUACAFAE

Wind Farm Development & Permitting (Greenfield/Brownfield)

Energy, Utilities & Environment/Electric Power Generation/Wind Power Generation (Onshore & Offshore)

Keywords

• Offshore wind energy
• Renewable electricity generation
• Wind farm development
• Utility-scale power generation
• Clean energy infrastructure

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

1. Electricity generation and sale: The project generates renewable electricity from offshore wind turbines and sells it to the grid, likely through long-term power purchase agreements secured via the Victorian offshore wind auction process. Revenue will be generated from electricity sales once operational.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Star of the South is developing a large-scale offshore wind farm within a 586 km² licence area located 10-40 km off the Gippsland coast in Victoria, Australia. The project targets up to 2.2 GW of installed renewable electricity generation capacity and is designed to power approximately 1.2 million homes. It is being progressed through a multi-stage regulatory and development process, with construction planned to commence later this decade and operation aligned to Victoria's 2 GW by 2032 offshore wind energy target.

Product overview

Star of the South is a single large-scale offshore wind energy project developed by Southerly Ten. It represents Australia's most advanced offshore wind project, located within a 586 km2 licence area 10-40 km off the Gippsland coast. The project is designed to deliver up to 2.2 GW of installed capacity through wind turbines in the Bass Strait, with the electricity transmitted via transmission infrastructure to power approximately 1.2 million Victorian homes. The project is currently in the advanced development stage, having completed all initial site studies and secured a feasibility licence, with environmental assessments underway and construction targeted to begin later this decade.

Differentiator

Problem solved

Functional benefit

Products and services

• Star of the South Offshore Wind Farm
• Star of the South Renewable Electricity Supply

Quantifiable outcome

• Powers 1.2 million homes with renewable electricity
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Kut-Wut Brataualung: Southerly Ten's sister offshore wind project, also located off the Gippsland coast in Bass Strait. It is at an earlier development stage but shares the same developer, regulatory framework, and target market, making it the closest direct comparable.
• BlueFloat Energy: Global offshore wind developer with active project pipeline in Australia, including the Greater Gippsland project developed with EnergyAustralia. Directly comparable as a development-stage offshore wind project operator targeting the same Victorian auction framework.
• Parkwind: Offshore wind developer acquired by JERA, focused on development, construction, and operation of utility-scale offshore wind farms. Directly comparable as a pure-play offshore wind developer with a similar project development and asset ownership model.
• CWP Global: Developer of large-scale offshore wind projects globally, including in Australia. Directly comparable as a development-stage offshore wind project developer pursuing similar auction and PPA pathways.

Broad incumbents

• RWE: European utility with a substantial and growing offshore wind portfolio across the UK, Germany, and the US. Comparable as a vertically integrated developer, builder, and operator of utility-scale offshore wind generation.
• Ørsted: World's largest offshore wind developer and operator, with a global portfolio of utility-scale projects. Comparable as the benchmark for offshore wind execution, project finance, and long-term asset operations that Star of the South aspires to replicate.
• Equinor: International energy major and pioneer in floating offshore wind through Hywind. Comparable as a large balance-sheet sponsor of offshore wind projects and operator of utility-scale generation assets feeding into electricity grids.
• Shell: Integrated energy major with an expanding offshore wind portfolio, including participation in major projects such as those in the North Sea. Comparable as a strategic sponsor and offtaker for utility-scale offshore wind generation.
• Iberdrola: Global renewables leader through Avangrid Renewables and Iberdrola Energía, with significant offshore wind exposure in the US (Vineyard Wind, etc.) and Europe. Comparable as a major offshore wind project developer targeting multi-GW utility-scale deployment.
• TotalEnergies: Global integrated energy company with a growing offshore wind portfolio in Europe and Asia. Comparable as a large-cap sponsor able to underwrite multi-GW offshore wind projects and absorb the long development timelines that Star of the South faces.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Star of the South