The Australian government has introduced legislation to unlock a wave of new investment in offshore electricity generation and transmission projects.
The Australian government has introduced legislation to unlock a wave of new investment in offshore electricity generation and transmission projects.
The Offshore Electricity Infrastructure Bill 2021 will establish a framework for the construction, operation, maintenance and decommissioning of offshore electricity projects.
The bill will accelerate projects already underway including the Marinus Link transmission line, which will connect the mainland to Tasmania’s Battery of the Nation project. It will also help to progress the ‘Star of the South’ project off the coast of Gippsland, Victoria, and ‘Sun Cable’ in the north. Combined, Marinus Link, Star of the South and Sun Cable are estimated to be worth more than $10 billion.
The legislation covers infrastructure projects for offshore electricity transmission cables and offshore renewable energy generation, including offshore wind.
