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ARTICLE · 31 MARCH 2022

Winds Of Change: An Update On Australia's Offshore Wind Industry

Herbert Smith Freehills Kramer LLP
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Australia has made significant strides in its offshore wind industry in recent weeks, with the regulatory regime expected to commence on 2 June 2022

AustraliaEnergy and Natural Resources
Heidi Asten
Heidi Asten
Marianna Schneider
Marianna Schneider
Paige Mortimer
Paige Mortimer
Sarah-Anne Butler
Sarah-Anne Butler

Australia has made significant strides in its offshore wind industry in recent weeks, with the regulatory regime expected to commence on 2 June 2022. Victoria has announced Australia's first offshore wind energy targets, and the Commonwealth Government released the exposure draft of the Offshore Electricity Infrastructure Regulations 2022 for public comment. These are important steps in the development of Australia's offshore wind regulatory framework.

Snapshot

  • The Victorian Government announced Australia's first offshore wind energy targets on 4 March 2022, with a long term target of 9GW by 2040.
  • On 22 March 2022, the exposure draft of the Commonwealth Government's Offshore Electricity Infrastructure Regulations 2022 (Regulations) was released for public comment. Among other things, the Regulations set out the specifics of the licensing scheme and details regarding the offshore electricity infrastructure levies and fees.

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