Terminal progress in Victorian Budget 26/27

The Victorian Budget 2026/27 invests $124.5 million to progress activities for the Victorian Renewable Energy Terminal at the Port of Hastings.

This funding will progress the Environmental Effects Statement (EES) process for the first offshore wind port of its kind in the country.

The Committee for Frankston & Mornington Peninsula welcomes this announcement which will provide more certainty to the offshore wind industry, local business, and residents.

CFMP CEO, Josh Sinclair, said the “Renewable Energy Terminal will facilitate and enable offshore wind in Gippsland by assembling the turbines at the Port of Hastings. This terminal is a critical component in the Government’s capability of delivering more reliable renewable energy. It will provide significant uplift to Hastings and Western Port townships, and drive economic growth in clean, future-led industries across the Mornington Peninsula.”

Since 2023, the Committee has been a loud advocate for the proposed terminal and the benefits it will deliver in local jobs and training.

Hastings has the unique opportunity to play a pivotal role in Victoria’s transition to renewable energy, with the Gippsland Offshore Wind Zone a key component of the transition.

The Victorian Renewable Energy Terminal is currently undergoing a full Environmental Effects Statement (EES) process. Following planning approvals and environmental assessments, works should proceed without delay.

The Committee welcomes this commitment from the Victorian Government, with strong advocacy from local Members Paul Mercurio AM MP and Tom McIntosh MP.