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

17 October, 2023
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

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

30 March, 2022
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

Wind farm assets: chattels or fixtures? The Ararat Wind Farm case

29 January, 2021
The Supreme Court of Victoria has confirmed that wind farm assets on leased land do not constitute land to be valued. This is significant in the context of Victorian Fire Services Levy, duty and income tax on sale for foreign investors. A recent test case in the Supreme Court of Victoria in AWF Prop Co … Read more

Renewable Energy in the 2020/21 Victorian State Budget

04 December, 2020
The 2020-2021 Victorian Budget will see an injection of Victorian Government capital to continue encouraging investment in renewable energy technologies across Victoria. The Victorian Government has announced that it will invest a total of $540 million over the next four years to establish six renewable energy zones (REZs) across Victoria. The REZ’s will be located … Read more