Mr Bowen said the start of consultations for the last of the initial six offshore wind development zones announced last year put Australia on track "to have all six areas declared by the first half of next year". "What we really like – what's happening in several states here in Australia now – is a strong momentum, high speed and quite big areas that can allow for scale, and scale is what you need to get the cost down."Ms Svegården said it was also attractive that there was "a huge pipeline for floating offshore wind" in Australia. Equinor has been a pioneer in that technology, which is less mature than fixed offshore wind turbines which cannot be built in depths greater than about 70 metres.