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Offshore Renewable Energy Bill

Decommissioning of ORE infrastructure - Miscellaneous provisions about decommissioning - Provisions relating to decommissioning of ORE transmission infrastructure

93: Ownership requirements for transmission infrastructure

You could also call this:

"Who can own the equipment that sends offshore renewable energy to the mainland"

Illustration for Offshore Renewable Energy Bill

If you own infrastructure for transmitting offshore renewable energy, you must be a single company. This company must be incorporated in New Zealand or be an overseas company registered under Part 18 of the Companies Act 1993. You will be required to follow certain rules.

If you make a deal with someone else to build, operate, or sell your transmission infrastructure, you must tell the chief executive within 30 working days. You will need to provide details about the deal, who you are transferring ownership to, and any other information the chief executive needs. This is so the chief executive has the information they require about your infrastructure.

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This page was last updated on 29 June 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS992261.

92: Relevant persons must provide supporting information, or

"People involved must give the Minister extra information to check their money situation."

94: Reports about transmission infrastructure, or

"Telling the government about offshore energy equipment"

Part 3Decommissioning of ORE infrastructure
Miscellaneous provisions about decommissioning: Provisions relating to decommissioning of ORE transmission infrastructure

93Ownership requirements for transmission infrastructure

The owner of ORE transmission infrastructure must be a single entity that is either a body corporate that is incorporated in New Zealand or an overseas company that is registered under Part 18 of the Companies Act 1993.
The owner of ORE transmission infrastructure must inform the chief executive within 30 working days of entering into any contract with another person to build or operate any ORE transmission infrastructure or to transfer ownership of any ORE transmission infrastructure, including details about the proposed transfer, transferee, and any other information the chief executive may require.