Offshore renewable energy regulatory regime policy decisions
Published: 26 Aug 2024Cabinet paper seeking agreement to proposals for regulating offshore renewable energy developments.
Type
File
PDF, 549KB, 35 pages
As part of Electrify NZ, the Government has committed to delivering a regulatory regime for offshore renewable energy, to enable investment and deliver clean energy at scale.
The Ministry of Business, Innovation and Employment (MBIE) is working on implementing a regulatory regime for offshore renewable energy. The regime focuses on addressing gaps in our current system to enable development of our offshore renewable energy resources. Getting our regulatory settings right will allow development to begin as early as possible, while protecting the interests of New Zealanders now and in the future.
The Government has made key decisions on the design of an offshore renewable regulatory regime.
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Cabinet paper seeking agreement to proposals for regulating offshore renewable energy developments.
PDF, 549KB, 35 pages
Cabinet noted and agreed to the proposals for regulating offshore renewable energy developments.
PDF, 151KB, 4 pages
Below is the indicative timeline for the development of the regime. The timeline is indicative only and is subject to final Cabinet decisions. Timeframes will be brought forward where possible.
Milestone/Activity | Indicative timing |
---|---|
Introduction of Bill | By the end of 2024 |
Select Committee process | Once the Bill passes first reading |
Passing of the Bill | Mid-2025 |
Secondary legislation in force and permit application guidance issued | After Bill passes* |
First feasibility round initiated | By late 2025 |
First feasibility permits granted | 2026 |
*Secondary legislation will be prepared alongside the Bill to enable implementation as soon as possible.
In late 2023, MBIE sought feedback on proposed regulations to enable renewable energy development at sea. This was the second discussion document for public consultation on proposals for offshore renewable energy regulation.
Public consultation on this document, as well as a package of discussion documents to advance New Zealand’s energy transition, ended on 2 November 2023. We received over 50 submissions in relation to offshore renewable energy development.
Between December 2022 and April 2023, MBIE consulted on proposed approaches to enabling feasibility studies for offshore renewable energy developments. MBIE received 59 submissions from a wide range of stakeholders and iwi.
Consultation on advancing New Zealand’s energy transition
MBIE is engaging regularly with those who have expressed an interest in the development of the offshore renewable energy regime. To be kept informed of these opportunities and to receive updates on progress please register your interest:
This page will be updated with significant milestones and developments as the work progresses.
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https://www.mbie.govt.nz/building-and-energy/energy-and-natural-resources/energy-generation-and-markets/offshore-renewable-energy
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