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AAP
AAP
Jennifer Dudley-Nicholson

MYSTERIOUS: Offshore wind fees slashed to counter global headwinds - You Need To See This

Chris Bowen Tim Buckley Australia Energy United States
The cuts to offshore project fees will continue for two years, Energy Minister Chris Bowen says. (Lukas Coch/AAP PHOTOS)

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.

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