The scope of ESG: the rise and rise of sustainability-linked loans

In the later stages of the global pandemic, the importance of a green recovery has been emphasised across the globe, and ESG principles have permeated almost every aspect of life, including the financial markets. However, the acronym ESG has an enormously wide scope: where the move to net zero carbon emissions may be a longer … Read more

Contracts for Difference (CfD) Scheme consultation updates

BEIS has published its response to a consultation which ran from 2 March to 29 May 2020 on proposed changes to the CfD scheme. CfDs incentivise investment in renewables by providing generators with protection from volatility in wholesale prices, as well as protecting consumers from paying increased support costs when electricity prices are high. BEIS … Read more

HSF advises Aquind on successful appeal of ACER decision before EGC

HSF has advised Aquind (developer of the Aquind electricity interconnector) on its successful appeal before the General Court of ACER’s decision to reject an application for exemption pursuant to Article 17 of Regulation (EC) No 714/2009 (the “Electricity Regulation”). In particular, the General Court found that ACER’s Board of Appeal had (i) incorrectly limited its … Read more

The electricity licence exemptions regime – so how is it all going?

With the aim of increasing its understanding on how the electricity licence exempt sector is currently operating, the Department for Business, Energy and Industrial Strategy (BEIS) has published a call for evidence on the exemptions from the requirement for an electricity licence regime. Exemptions regime review This call for evidence is part of a wider … Read more

UK Government announces plan for a Green Industrial Revolution

Today the Prime Minister Boris Johnson has set out the Government’s ten point plan for what it is calling the green industrial revolution. This is part of the blueprint for the UK to meet the legally-binding target to produce net zero carbon emissions by 2050. The ten points of the plan are: Offshore wind – … Read more

EU delivers strategic plan to reduce methane emissions

In another step to progress its decarbonisation efforts and 2050 zero-pollution ambition, the EU has recently delivered its strategic plan for reducing methane emissions, the EU Methane Strategy. The focus of the Strategy from an energy sector perspective is twofold: first, reducing methane emissions within the EU and importantly, second, reducing methane emissions associated with … Read more