Enabling investment in offshore renewable energy

Submissions closed: 14 April 2023, 5pm

The Ministry of Business, Innovation and Employment (MBIE) is seeking feedback on proposed approaches to managing feasibility activities for offshore renewable energy development in Aotearoa New Zealand.

MBIE is consulting on options for enabling activities to see what is achievable in New Zealand waters.

The Government has committed to developing regulatory settings by 2024 to enable investment in offshore renewable energy and innovation.

Offshore renewable energy generated in or on the sea from reusable, infinite natural sources such as wind, ocean currents, light or heat from the sun, rain and geothermal heat presents an opportunity to reduce our reliance on fossil fuels and support the transition to net zero by 2050.

MBIE is asking for feedback on approaches to identifying suitable areas for developing offshore renewable energy and managing feasibility activities in the short-term. There are a number of opportunities and risks that need to be carefully considered to ensure New Zealanders will benefit from these new, more efficient, renewable energy technologies in the near future.

The proposals in the discussion document focus on the initial stages of offshore renewable energy development – further public consultation will take place in 2023 on the remaining issues relating to construction, operation and decommissioning to ensure offshore renewable energy is developed in line with Aotearoa New Zealand’s interests.  

Submissions close on 14 April 2023.

This is a summary of the proposals. Please refer to the discussion document for more detailed information.

Last updated: 21 December 2022