Feds Cut Wind Farm Fees, Red Tape Amid Viability Concerns

Feds cut wind farm fees, red tape amid viability concerns

The Federal Government will cut fees and reduce red tape around offshore windfarms in a bid to encourage investment and innovation in the struggling renewables sector.

Offshore wind fees slashed to counter global headwinds

Hundreds of thousands of dollars will be cut from licence and application fees for offshore wind projects in Australia as the industry struggles to establish itself amid global headwinds. The federal government on Tuesday announced a series of temporary cuts to offshore wind fees and levies, including slashing one licence application fee from $300,000 to $20,000. Climate experts welcomed the move but said the projects were still substantial fina…

Australian Government cuts offshore wind fees and red tape

The Australian Government is cutting fees and red tape for offshore wind development firms in an effort to bolster investment in the nation’s emerging offshore wind sector. The government will seek to waive annual levies applied to feasibility and research and demonstration licences; halve annual levies applied to transmission and infrastructure licences; reduce application fees for research and demonstration licences from $300,000 to $20,000; a…