Oil & Gas

New bill to streamline hydrogen development

The South Australian Government has introduced the Hydrogen and Renewable Energy Bill to remove red tape for prospective investors.

The new Bill merges six Acts into one, which will support large-scale hydrogen and renewable energy developed in the state.

It applies to both freehold and Government-owned land and will ensure community and investor clarity.

Five licence types will be created relating to the key stages of renewable energy projects, including the early research and feasibility stage, through to construction, operation and closure of facilities.

The licence types are Renewable Energy Feasibility Licence/Permit, Renewable Energy Infrastructure Licence, Renewable Energy Research Licence, Hydrogen Generation Licence and the Associated Infrastructure Licence.

“Developing this unique regulatory framework will provide significant opportunity for South Australia to attract and retain high quality investment, confirming us as a global leader in the clean energy transition,” South Australia Energy and Mining Minister Tom Koutsantonis said.

“I’m confident this will prove to be a blueprint for other jurisdictions looking to harness the economic opportunity of clean, green energy.”

South Australia Premier Peter Malinauskas said the Bill will provide clarity to investors.

“This Bill will give confidence to international investors who are willing to contribute their capital to growing the industries of the future right here in South Australia,” he said.

“It will also give the community confidence that these projects will be delivered in a way which protects the environment and the interests of communities, landholders, native title holders and the environment.”

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