Premier Peter Malinauskas has revealed details of a world-first Hydrogen and Renewable Energy Act, which will slash red tape, streamline processes, and build on South Australia’s global leadership in decarbonisation.
The Premier outlined details of the Act during his speech to the World Hydrogen Summit in Rotterdam.
Currently there are a number of acts covering renewable energy projects, including the Electricity Act 1996, Petroleum and Geothermal Energy Act 2000, Landscapes SA Act 2019, Planning, Development and Infrastructure Act 2016, Gas Act 1997 and Harbors and Navigations Act 1993.
The new Act will streamline processes for companies wanting to invest in large-scale hydrogen and renewable energy projects, into a single regulatory process covering the entire project lifecycle.
The Act will facilitate secure land access, social and environmental benefits and put our First Nations people at the centre of the transformation, in line with leading environment, social and governance requirements. This will achieve a fair transition and reduce risk for investors.
Under the Act, which is now under consultation:
– Government owned land and waters where renewable energy projects can be hosted will be identified by the South Australian Government
– Companies will compete for licences to access government owned land and waters to deliver these projects
– New, fit for purpose licensing arrangements will be established for projects across all land types, enabling regulation of the whole project life cycle
– Our First Nations people’s rights and interests will be considered early and throughout the regulatory processes
– A framework will ensure that developments are delivered with net environmental benefit
– Requirements will be put in place to ensure land is rehabilitated and returned to pre-existing conditions
– Multiple land use provisions will be sought to deliver fair outcomes for landowners, communities, and other pre-existing land rights holders.
Attributable to Peter Malinauskas
South Australia is already a world leader when it comes to renewable energy, now we want to make it as easy as possible for companies to invest in our state.
This world-first Hydrogen and Renewable Energy Act will establish an orderly, fit for purpose system to ensure that developments are assisted by a ‘one window to government’ approach.
In just over 15 years, our state has transformed its energy source from 1 per cent to more than 70 per cent renewable energy.
Now we need to take the next step to increase our renewable share even further.
Attributable to Tom Koutsantonis
With growing international demand for clean fuels from renewable sources, including hydrogen, South Australia is well-positioned to provide globally significant opportunities in the net zero transition.
Our Hydrogen and Renewable Energy Act sends a clear message to investors we are open for business when it comes to renewable and hydrogen projects.
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