Federal government investment in emerging technologies and funding changes for ARENA and CEFC

This week the Australian federal government announced a $1.9 billion funding package targeting new and emerging technologies for the Australian Renewable Energy Agency (ARENA) and the Clean Energy Finance Corporation (CEFC). This provides important funding certainty to ARENA and CEFC and is expected to substantially assist in Australia’s energy transition towards a lower emissions energy … Read more

RESPONSIBLE INVESTMENT BROCHURE

Authors: Nila Wilde, Martin Kavanagh, Rebecca Major and Joanne Elson For Africa-focused developers and sponsors in the renewable energy market, ESG is likely in the forefront of your minds and it is important to show knowledge of what is expected in the responsible investing market in order to ensure swift project development and to enhance … Read more

600MW Round 2 Victorian Renewable Energy Target (VRET) auction to drive Victoria’s Covid recovery

Victorian Government announce market sounding process to test industry interest and capacity for 600+ MW of new solar, wind and other renewable energy projects. Round 2 VRET auction The Minister for Energy, Environment and Climate Change, Lily D’Ambrosio, announced on 2 September 2020 the commencement of a market sounding process from interested proponents for the … Read more

Planning for the future of energy storage – a boost to the industry

The UK Government has announced legislation to change the consenting process for electricity storage projects. This is expected to provide a boost to the battery storage sector. Last November, we wrote a blog detailing the Government’s proposed changes in relation to energy storage under planning law. The Government is now proceeding with its proposals and … Read more

EU Hydrogen Strategy – a call to action

On 8 July 2020, the European Commission (the “Commission“) published its European Hydrogen Strategy (the “Hydrogen Strategy“) and launched the industry-led European Clean Hydrogen Alliance (the “ECHA” or the “Alliance“). (1) The European Hydrogen Strategy (A) Background: A Policy Framework for Energy Transition & Decarbonisation The Hydrogen Strategy sets out the Commission’s vision for how … Read more

With its multiple facets, the legal side of decarbonisation may not be highly visible, but it is strategically important – starting now

The challenges of climate change seem to be taking a back seat to economic stimulus. However the process of decarbonising the economy should begin to pick up steam given the ecological origins of the health crisis, the call from 12 countries (including France) to make the Green Deal “a roadmap to responding to the economic crisis”, and the publication on 23 April 2020 of the decree adopting France’s low carbon strategy for achieving carbon neutrality in 2050. Read more

The Spanish Government published the upcoming remunerative framework applicable to new renewable energy facilities in Spain

On 26 June, the Ministry for the Ecological Transition and Demographic Challenge published a draft Royal Decree which will regulate the Remunerative Framework for Renewable Energy applicable to Electricity Generation Facilities (the “draft Royal Decree”). The draft Royal Decree implements the provisions of article 14.7 bis of the Spanish Electricity Sector Law 24/2013, of 26 December (“LSE”), recently enacted by Royal Decree-law 23/2020, of 23 June, which approves measures in relation to energy and other areas to stimulate economic recovery (“RDL 23/2020”), the main contents of which were analysed here. Article 14.7 bis LSE set out, in effect, that the Spanish Government could establish a new remunerative framework applicable to renewable energy, which would be added to the current framework and would have the following defining features: a) it will be based on a long-term fixed price for energy; b) it would be awarded by tendering procedures in which electricity, installed power capacity or a combination of both would be up for auction and tenderers would make bids for the price of the remuneration for the energy produced; and c) separate auctions may be held by technology on the basis, among other criteria, of their technical characteristics, scale, dispatchability, localisation or technological maturity. Read more