Key energy takeaway’s from the Queen’s Speech

The Queen’s Speech delivered on 10 May 2022 announced a new energy bill (the “Bill“), which expands on the UK Government’s Energy Security Strategy, announced in April 2022. The Bill aims to reduce the UK’s exposure to the volatility of global gas prices, focuses on developing an energy system based on renewable energy and low … Read more

GENEX meet BESS Challenges and Opportunities

The PFI Global Energy Report 2022 includes a case study on GENEX’s recent financial close on their stand-alone 50MW/100MWh lithium-ion Bouldercombe Battery Energy Storage System (BESS). This article was written by members of Energy Sector team, partners Elizabeth Charlesworth, Peter Davis, and Kristen Percy, with solicitor Antonia Xu. To access the PFI Global Energy Report … Read more

Energy and Infrastructure Consenting Notes – New HSF UK infrastructure planning blog

The London planning team at Herbert Smith Freehills has a new blog called Energy and Infrastructure Consenting Notes, focused on infrastructure planning in the UK. The team has promoted some of the biggest and most high-profile nationally significant infrastructure project (NSIP) applications to go through the Planning Act 2008 process, from the Hinkley Point and … Read more

EGYPT – A GREENER FUTURE WITH HYDROGEN

Egypt has recently announced a partnership with the European Bank for Reconstruction and Development (EBRD) for the development of a hydrogen strategy as part of the government’s ambitious energy transition plans. It was reported that Egypt would allocate $40 billion to fund the implementation of the strategy, with the aim of achieving a production capacity … Read more

UK SUSTAINABLE AVIATION FUEL MANDATE – UPDATE

On 7 March 2022, the Department for Transport published a summary of the responses to its recent consultation on the introduction of a sustainable aviation fuel (SAF) mandate. The summary details replies from 79 respondents, who included airlines, airports, trade associations and fuel producers and suppliers. Jet Zero consultation The consultation arose out of a … Read more

THE FUTURE OF THE UK ETS – UK GOVERNMENT PUBLISHED UK ETS CONSULTATION

At the end of March, the UK Government published its long-awaited consultation on the further development of the UK ETS (the “Consultation“), indicating the future capacity and scope of the UK scheme. The UK ETS was launched on 1 January 2021 to replace Great Britain’s participation in the EU ETS after the end of the … Read more

EXPANDING THE UK EMISSIONS TRADING SCHEME TO COVER ESMISSIONS FROM WASTE

At the end of March, the UK Government published its long-awaited consultation (the “Consultation”) on the further development of the UK Emissions Trading Scheme (“UK ETS”) indicating the future capacity and scope of the UK scheme. The UK ETS was launched on 1 January 2021 to replace Great Britain’s participation in the EU ETS after … Read more

TNFD publishes beta version of Nature-related Risk & Opportunity Management and Disclosure Framework

The Taskforce on Nature-Related Financial Disclosures (TNFD) has published the first draft of its Nature-related Risk & Opportunity Management and Disclosure Framework (TNFD Framework); which, together with subsequent drafts, will be open to feedback from market participants for the next 18 months. The TNFD is aiming to publish a usable framework and set of recommendations … Read more