Offshore investors & offshore wind in Australia: FIRB in the context of offshore wind feasibility licences

Australia’s foreign investment legislation does not yet clearly address our evolving offshore wind licensing landscape, with offshore wind feasibility licences not neatly sitting within an existing category of actions in the current FIRB regime. However, FIRB has taken a consistent approach in approving recent applications, providing clarity for future foreign participants. Read more

Offshore wind zone declared in the Hunter (NSW)

An area off the coast of the Hunter in New South Wales has been declared as Australia’s second offshore wind zone. Proponents will be able to submit feasibility licence applications between 8 August 2023 and 14 November 2023. Read more

Main novelties of Law Decree No. 17/2022 (D.L. Energia) on the energy sector

Law 27 April 2022, No. 34[1] converted with amendments Law Decree 1st March 2022, No. 17 concerning “Urgent measures to contain the cost of electricity and natural gas, develop renewables and relaunch industrial policies“, converted into (the “Decree“). The Decree, as amended, provides measures aiming both at increasing the energy production from renewable sources and simplifying the … Read more

Winds of change: an update on Australia’s offshore wind industry

Australia has made significant strides in its offshore wind industry in recent weeks, with the regulatory regime expected to commence on 2 June 2022. Victoria has announced Australia’s first offshore wind energy targets, and the Commonwealth Government released the exposure draft of the Offshore Electricity Infrastructure Regulations 2022 for public comment. These are important steps … Read more

Landmark North Sea Transition Deal with the UK oil and gas sector announced

The UK Government has today (24 March 2021) announced its commitment to the landmark North Sea Transition Deal with the UK oil and gas sector. The deal provides a blueprint for Government and sector cooperation to decarbonise North Sea production in line with the Government’s net zero agenda. The Government’s announcement that future licensing rounds … Read more

Key TCA issues for the energy sector

The EU-UK Trade and Cooperation Agreement (“TCA“) establishes objectives for the energy market by providing for the facilitation of trade and investment between the EU and the UK (the “parties”) in the areas of energy and raw materials, and supporting security of supply and environmental sustainability, notably in contributing to the fight against climate change … Read more