New Zealand has passed the Offshore Renewable Energy Bill, establishing the country's first regulatory framework for offshore renewable energy developments, including offshore wind, solar, wave and tidal energy.
The new legislation is intended to provide greater certainty for developers by introducing a permitting system for offshore renewable energy projects. It establishes a two-stage process, beginning with a feasibility permit that allows developers to investigate a proposed site, followed by a commercial permit and the required environmental consents before construction and operation can begin.
The framework also enables the creation of safety zones around offshore energy installations and requires developers to decommission infrastructure at the end of its operational life.
The government said the legislation is designed to support the selection of projects that align with New Zealand's national interests while managing risks to the Crown and the public.
Following the Bill's approval, government officials will advise on the timing of the first tender round for offshore renewable energy permits, which is expected to begin in the coming months.
