New Zealand passes bill introducing regulatory framework for offshore wind

NZWEA chief executive Kevin Hart said the legislation provides the regulatory certainty needed to unlock investment in offshore wind, which is needed to support New Zealand’s fast growing electrification needs.

“This legislation establishes the framework the industry has been waiting for,” said Mr Hart. “A clear ‘two-step’ permitting regime gives developers greater confidence to investigate and invest in New Zealand’s exceptional offshore wind energy resources. 

“With high capacity factors similar to that of hydro generation, offshore wind energy provides a complimentary energy source to the grid when we need it most.”

The new legislation introduces a two-stage permitting process, allowing developers to undertake feasibility investigations before progressing to commercial development, while ensuring projects meet environmental, safety and decommissioning requirements.

The NZWEA says that, as electricity demand continues to increase, offshore wind energy has the potential to play a crucial role alongside onshore wind and other renewable energy sources in delivering a secure, affordable and low-emissions electricity system.

“New Zealand is fortunate to have world-class offshore wind resources, particularly in the South Taranaki Bight. This legislation provides the foundation for responsibly assessing and developing that potential over time,” Mr Hart said. 

“The passing of this Bill is an important first step. We now look forward to working with Government, Iwi, regulators, communities and industry as the permitting process is implemented and the first feasibility rounds are made available. 

“With the right framework now in place, New Zealand is well-placed to explore how offshore wind energy can contribute to our future energy security and economic prosperity.”