New legislation to encourage investment in offshore renewable energy

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2 September 2021

The Australian Government has introduced legislation to regulate offshore renewable energy.

The Offshore Electricity Infrastructure Bill 2021 regulates infrastructure for:

  • offshore electricity transmission
  • offshore renewable energy generation.

The new framework will streamline the construction, operation, maintenance and decommissioning of offshore energy projects. This will encourage new investment and growth in Australia’s offshore electricity industry.

Interest in offshore renewable energy projects in Australia is increasing as technology improves and costs reduce.

The government committed $4.8 million to develop a fit-for-purpose framework. We consulted with industry, researchers and the community on the proposed framework in early 2020.

View the proposed legislation on the Australian Parliament House website:

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