Australia’s national regulatory framework for offshore energy came into effect in June 2022. Since then, there has been a flurry of activity in the offshore wind sector with domestic and international developers announcing new projects almost every week. This includes Copenhagen Energy’s proposal to develop four 3GW offshore windfarms, which will be the largest in Australia if they go ahead.
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An Estonian oil company, Enefit, initially bought the water right to build a commercial oil shale mine and processing plant in the Uinta Basin near Vernal.