Global concerns around climate change and the volatility of conventional fuel prices have prompted researchers and technologists to make significant efforts to identify and exploit alternative energy sources that are cleaner and more sustainable. Wind energy has seen considerable development among these alternative energy sources, mainly due to its abundance and global availability for extraction and the existing knowledge within the aviation and aerospace fields. Many nations, including European countries, already operate offshore wind farms (OWFs) and are progressively carrying out new projects and expanding on other projects. The Australian offshore environment provides unique opportunities for wind energy extraction, particularly along the southern coast of mainland Australia and the regions around Tasmania, where substantially strong winds blow most of the year. A significant challenge to establishing wind farms is the selection of site locations with optimal outputs. This can become a complex decision-making problem if there are numerous options and no information from previous projects. This paper aims to develop a decision-making framework to select the optimal location for installing OWFs while addressing financial, performance-related, and availability-related objectives. This paper adopts a game-theoretical approach to develop a decision-support tool to account for the interdependencies of influencing factors and possible conflicts amongst the parties. The game model is applied to an OWF development case study in the Bass Strait, known for its dominant and strong winds.