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Victoria’s SEC Buys Stalled Delburn Wind Farm for Up to $700 Million to Start Construction in 2026

The move uses public ownership to unblock financing, accelerating new generation in the Latrobe Valley.

Overview

  • The State Electricity Commission will take full ownership from private investors for $650–$700 million, with the purchase funded by taxpayers.
  • Construction is scheduled to begin in early 2026, with the wind farm expected to be in full operation by 2028.
  • The project will include 33 turbines with up to 205 megawatts of capacity, enough to power more than 130,000 homes.
  • Officials say it is the first Victorian wind project in the past year to reach financial close, as the SEC’s committed portfolio tops 1 gigawatt toward a 4.5 gigawatt 2035 goal.
  • The government forecasts about 300 local jobs and $22 million in community benefits, while fire-risk concerns at the plantation site have prompted additional mitigation measures.