Have your say on the draft NSW energy policy framework

To support the clean energy transition, draft guidelines for wind, solar, transmission, benefit-sharing and private agreements have been released by the NSW Department of Planning and Environment (DPE). This new policy package should be reviewed by existing and prospective applicants of clean energy and transmission projects in NSW. Read more

Safeguard Mechanism reforms: New guidelines released on emissions-intensity determination applications and a review for a potential carbon border adjustment underway

In October 2023, the Clean Energy Regulator released guidelines to assist responsible emitters and auditors making applications for an emissions-intensity determination. For existing Safeguard Mechanism facilities, this determination will be an important factor in how a facility’s unique baseline will be calculated under the reformed Safeguard Mechanism scheme. Read more

UK Energy Security Bill introduced amid political turmoil has wide-ranging implications for the energy sector

On 6 July 2022, a day of significant political uncertainty, the Government published its long-awaited Energy Security Bill. Notwithstanding the current political turmoil, this is expected to survive to become the most wide-ranging legislative reform of the UK’s energy market for several years. The Energy Security Bill (Bill) was published and introduced to Parliament for … Read more

UPDATE ON THE OFFSHORE TRANSMISSION NETWORK REVIEW

INTRODUCTION The Offshore Transmission Network Review (“OTNR“) was launched in July 2020 to ensure that transmission connections for offshore wind generation can be delivered to support the UK Government’s ambitions to increase offshore wind power to 40GW by 2030 and to deliver on its Net Zero ambitions. In April, Ofgem published two Minded-to Decisions as … Read more

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

Winds of change: an update on Australia’s offshore wind industry

Australia has made significant strides in its offshore wind industry in recent weeks, with the regulatory regime expected to commence on 2 June 2022. Victoria has announced Australia’s first offshore wind energy targets, and the Commonwealth Government released the exposure draft of the Offshore Electricity Infrastructure Regulations 2022 for public comment. These are important steps … Read more

REPOWEREU – ENDING THE EU’S DEPENDENCY ON RUSSIAN GAS

On 8 March 2022, in response to Russia’s threat to cut Europe’s gas supplies, the European Commission proposed an outline of the plan to reduce EU demand for Russian gas by two thirds before the end of the year and eliminate dependence on Russian gas well before 2030. By implementing the measures proposed by the … Read more

UPDATE: Rules and guidance for companies on climate-related disclosures

The Financial Conduct Authority (FCA) has published a Policy Statement (PS21/23) and final rules and guidance in relation to climate-related financial disclosures for standard listed companies. It has also updated its guidance on climate-related disclosures for premium and standard listed companies. 1. Rules for standard listed companies Under new Listing Rule 14.3.27R, standard listed companies … Read more