292 Marine recovery fund
Energy Act 2023 (2023 c 52) | Legislation

292  Marine recovery fund

(1)     The Secretary of State may by regulations make provision for the establishment, operation and management of one or more marine recovery funds.

(2)     A marine recovery fund is a fund—

(a)     into which payments may be made in respect of relevant offshore wind activities, and

(b)     out of which payments may be made towards expenditure on measures to compensate for adverse environmental effects of relevant offshore wind activities.

(3)     The following provisions of this section are without prejudice to the generality of subsection (1).

(4)     Regulations under this section may make provision—

(a)     enabling a determination to be made, by or on behalf of the relevant person, as to whether (and, if so, the extent to which) a payment into the fund discharges a compensation condition imposed on another person in connection with the granting of consent

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