The Offshore Electricity Infrastructure Bill 2021 will establish a framework for the construction, operation, maintenance and decommissioning of offshore electricity projects.
“An offshore electricity industry in Australia will further strengthen our economy, create jobs and opportunities for Australians, and enhance the delivery of affordable and reliable power,” Taylor said.
“A new offshore industry, enabled by this Bill, represents an important new opportunity for Australia.
“Offshore generation and transmission can deliver significant benefits to all Australians through a more secure and reliable electricity system, and create thousands of new jobs and business opportunities in regional Australia.
“Importantly this Bill will accelerate a number of projects already under development like the Marinus Link transmission line, which will connect the mainland to Tasmania’s Battery of the Nation project.”
In addition to the Marinus Link transmission line, passage of this Bill will help progress a number of projects that are already under development including ‘Star of the South’ off the coast of Gippsland, Victoria, and ‘Sun Cable’ in our north.
Combined, Marinus Link, Star of the South and Sun Cable are estimated to be worth over $10 billion and are expected to create over 10,000 direct and indirect job opportunities during construction.
The legislation covers infrastructure projects for offshore electricity transmission cables and offshore renewable energy generation, including offshore wind and ensures co-existence with other users of the offshore area would be managed from the start.
The legislation safeguards the environment and requires project developers to make financial commitments to properly decommission projects when they are no longer productive. This ensures tax payers do not foot the bill for removal of any retired assets in the future.
Under the legislation, the National Offshore Petroleum Titles Administrator (NOPTA) will oversee licences for offshore projects, while the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) will have oversight of ongoing operations and safety.
This legislation follows through on a commitment the Morrison Government took to the 2019 election. Significant consultation with a wide range of industry and stakeholders has informed the development of this world-leading regulatory framework.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.