Australia will finally be able to tap the wind potential off its 16,000-mile coastline.
The Offshore Electricity Infrastructure Bill 2021, which establishes a regulatory framework for the industry in commonwealth waters, passed its final stage on Thursday. Offshore wind will add another weapon in Australia’s renewables arsenal, which includes the world’s highest uptake of rooftop solar and ambitious projects to export green power to markets in Asia.
The move was welcomed by the developer of the nation’s first offshore wind project, the multibillion-dollar Star of the South.
“This bill is a major milestone in kick-starting a new industry, realizing Australia’s offshore wind potential and unlocking jobs and economic benefits,” Casper Frost Thorhauge, chief executive officer of Star of the South, said in a statement. The project plans to start building 2.2 gigawatts of offshore wind as early as 2025.