What do manufacturers of net-zero technologies, developers and investors in renewable energy projects need to know about the Net-Zero Industry Act (NZIA)? In this Law360 article, Martin Weitenberg provides a summary of the key components of the legislation that are relevant to manufacturers of net-zero technologies, in addition to developers and investors involved in renewable energy projects. The Net-Zero Industry Act (NZIA) is designed to secure the EU's supply of net-zero technologies, supporting the energy transition and climate objectives while fostering job creation and competitiveness. Initiated in March 2023, it is a cornerstone of the EU Green Deal Industrial Plan, aiming to boost investment in essential clean technologies. Read the full article now: https://lnkd.in/eCypN7Wm [subscription needed] #EnergyTransition
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🎙️ Exciting news for all energy enthusiasts! The first episode of Season 4 of the Energy Transition Series is now live on Apple Podcasts and Spotify. 🌱 In our latest episode, 'Navigating Power Purchase Agreements in a Changing Energy Landscape,' we explored the complexities of #PPAs with industry experts Ally Charlton from Schneider Electric and James Phillips from Brookfield Renewable. Join our Global Energy team members Thomas Warren and Simon Davies, with Alyssa N. Walker to gain valuable insights and stay ahead in the dynamic world of energy! Listen on Apple: https://lnkd.in/d-CjUxm2 Listen on Spotify: https://lnkd.in/dGEYV6F3 #EnergyTransition #Podcast
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How will the new UK government’s proposed £8.3bn investment in GB Energy impact M&A activity? The recent UK election underscored clean energy as a pivotal issue, with Labour spearheading efforts through their proposed £8.3bn investment in GB Energy. This commitment to decarbonization is set to catalyze M&A activity in the clean energy sector, driving innovation and growth. Globally, M&A remains robust, with funds focusing on platform acquisitions for diversified growth despite fundraising challenges. The energy transition continues to reshape markets, presenting dynamic opportunities for investment and development. Read more in the most recent Market Eye below, or get in touch with Stephen Hill and Ben Brown to find out more. #EnergyTransition
Market Eye – Issue 2 👁🗨📰 In the second edition of Market Eye we delve into the latest themes and trends shaping the M&A market and offer a keen perspective on the dynamic nature of corporate transactions. Our market commentary navigates through individual sectors and offers insights into their relative performance and influencing factors. Read here: https://lnkd.in/dGbgQigY #Corporate #MergersAndAcquisitions
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Eversheds Sutherland Energy reposted this
In today’s ESG Investor Richard Black, Partner in the UK, and Jocelyn Chow, Partner in Hong Kong, outline three major challenges to procurement in the global #construction supply chain, which risk impacting #investment in renewable infrastructure projects. Taking in the detail of sanctions, inflation and labour, Richard and Jocelyn talk through how all those in the industry can and are reacting to the changing international landscape. Read the full article here: https://lnkd.in/egyB5Kc9 #ESG
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Eversheds Sutherland Energy reposted this
Honoured to be part of this, unsure I warrant rocket emojis but will run with it 🚀 Looking forward to working with the amazing panel of judges and seeing the contenders for what will be prized recognition in this vitally important subsector for a successful energy transition 🔋 Don't forget to register! 👇🏼 #bess #energytransition #storage #awards Tamarindo Energy Storage Report Ben Cook
🚀🌟 Exciting News Alert! 🌟🚀 Join us in welcoming Ben Brown from Eversheds Sutherland to our esteemed judging panel for the highly anticipated Energy Storage Investment Awards 2024! 🏆✨ Meet all our distinguished judges and dive into our rigorous judging process here ➡️ https://hubs.la/Q02Fnhks0 Let's celebrate innovation and excellence in energy storage together! 🚀💡 #EnergyStorage #InvestmentAwards #JudgingPanel #Innovation
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Partner Darryl Smith was published by the Practising Law Institute (PLI) for his article on the SEC’s final climate disclosure rules. Darryl discusses some key takeaways from the final rules, including notable changes from the proposed rules, some comparisons with California’s new climate disclosure laws, the SEC rules’ current status and some considerations for what may come next. ##ClimateDisclosureRules https://lnkd.in/eVeWxBtH
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On June 21, 2024, the US Department of the Treasury proposed new federal regulations governing outbound investments in certain national security technologies and products (Proposed Rules) that, if implemented, would, in part: - define national security technologies of concern to include semiconductors and microelectronics, quantum information technologies, and certain artificial intelligence (AI) systems; - prohibit or require notification of a broad range of outbound investment transactions in the specified national security-related business sectors involving countries of concern, most notably China; and - create a broad “knowledge” standard for the parties to an outbound investment transaction covering not only a party’s actual knowledge that a fact or circumstance exists, but also having a “reason to know” of a fact or circumstance. #Energy https://lnkd.in/eFzk6WxP
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Congratulations to Jason Lovell for being selected as one of the world’s leading practitioners in the Who's Who Legal: Energy 2024 report in three categories: - #Renewables - #Power and #Electricity - #OilandGas Who’s Who Legal is an independent guide that identifies private practice lawyers and consulting experts with a proven track record in representing and advising major, independent and energy companies and financiers involved in the exploration, production, marketing and transportation of all types of energy including oil, gas, nuclear and renewables. Congratulations to all the nominees! Link to full report: https://lnkd.in/ekKTqQ6v #EnergyTransition A Word About Wind
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Eversheds Sutherland Energy reposted this
Commenting on today’s loosening of planning laws for onshore wind James Gibson, partner at Eversheds Sutherland, says: “With one swoop of the pen the policy position for wind farms in England has changed significantly and the de facto ban on onshore wind is over. Before today’s changes the tests for onshore wind farm approval were challenging to satisfy which in turn caused a “de facto ban” on wind farm development over the last 9 years. "The previous ban meant only two onshore wind farms have been consented under the “nationally significant” infrastructure regime. Having acted for the developer on both of those projects, we look forward to seeing the detail of Labour’s proposals to bring the largest wind energy applications back within the decision making powers of central Government. “Before the election, the potential for relaxing planning policy will have already caught the eye of developers and will now trigger increased competition for potential onshore wind farm sites in England. We can expect a significant uptick in planning applications and consents for wind farm development as a consequence of today’s policy changes. “Ultimately, there will still be a robust planning process and requirement for developers to demonstrate that their proposal is acceptable, including whether enough energy can be generated from sites. This announcement does not remove those requirements with each proposal needing to be considered on its own merits. There is also a chance that some planning authorities may seek alternative reasons for refusal within the current policy framework. However, even in that scenario there will be an opportunity to appeal to central Government. “Today’s changes alone do not have the effect of putting onshore wind on a level playing field with other forms of renewables infrastructure. Onshore wind farms are still completely banned from applying for a development consent order – the process of obtaining consent from central government rather than local planning authorities for larger scale energy generation. “Wind farms are also still excluded from national policy statements on energy that provide a strong presumption in favour of development. We can also expect that to change if Labour brings onshore wind back within the development consent order regime. Finally, there are still no national targets for wind farm development and applications for wind farm development will not be immune from the resourcing challenges that have plagued the speed and quality of other planning decisions in recent years. Nonetheless, even though some of these changes will take time to come into effect these are positive signs for onshore wind developers and will have piqued the interest of the industry already.” #RealEstatePlanning #Energy
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Thanks to Tamarindo Battery Storage Report and the expert panel for sharing their views on how to maximise #BESS revenues in the UK and Europe. (icon battery and money and ‘up’ graph) Caroline Clapham comments: “Many market participants are now looking to expand from the UK into international markets, but added there has been a bit of a disconnect in the sense that UK investors have got comfortable with merchant risk and therefore believe they can go into European markets that have limited contractual revenue streams.” Ben Brown comments: “It’s important that the trading strategy is aligned with the asset owner’s risk profile. For instance where there is no floor, the asset owner might want a balanced approach that maximises relative revenue certainty over a riskier strategy that seeks to obtain the maximum quantum of revenue in retrospect. As a result, there needs to be clarity about what ‘maximising’ an asset actually means. Also interesting is the interrelation between that [maximising the asset] and the addition of a floor, because now the optimiser’s interest is in clearing the floor but not clearing it comfortably to the point where it creates another risk on the floor.” Download the full report in link below. #EnergyTransition
Expert Panel: Maximising BESS revenues... Tamarindo’s Energy Storage Report convenes expert panel to analyse the changing outlook for different BESS revenue streams and its impact on investors... - Energy storage investors ‘more confident about merchant risk’ - Geographic diversification ‘key to reducing portfolio risk’ - But Expanding into European markets can be challenging The members of the expert panel were: ■ Hannah Staab, Director, Development Projects, Copenhagen Infrastructure Service ■ Paul Soskin, Head of Commercial Operations, Masdar Arlington Energy ■ Tom Tindall, Senior Vice-President, Markets & Commercial, Brookfield Renewable ■ Dane Wilkins, Managing Director – EMEA, Pacific Green ■ Ed Porter, Customer Success Director, Modo Energy ■ Rupert Newland, CEO, Arenko ■ Caroline Clapham, Partner, Eversheds Sutherland ■ Sumit Joshi, MBA, BEng, Director, Energy Flexibility, Baringa ■ Ben Brown, Partner, Eversheds Sutherland ■ Steven Coppack, Power Director, Timera Energy Click here to read an abridged version of the report: https://hubs.la/Q02FqdN10 To download your FREE copy of the full event report, click here: https://hubs.la/Q02Fqbqx0 #energystorage #batterystorage #expertpanel #bess #revenues #batteries Tom T. Copenhagen Infrastructure Partners