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Law 27 April 2022, No. 34[1] converted with amendments Law Decree 1st March 2022, No. 17 concerning “Urgent measures to contain the cost of electricity and natural gas, develop renewables and relaunch industrial policies“, converted into (the “Decree“). The Decree, as amended, provides measures aiming both at increasing the energy production from renewable sources and simplifying the … Read more
The post below was first published on our Policy matters blog here. Amid soaring prices, political obstacles and pressure for enhanced security, the Government’s new energy playbook needs more than eye-catching targets to tackle the key issues. Read more
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
The UK Government has today (24 March 2021) announced its commitment to the landmark North Sea Transition Deal with the UK oil and gas sector. The deal provides a blueprint for Government and sector cooperation to decarbonise North Sea production in line with the Government’s net zero agenda. The Government’s announcement that future licensing rounds … Read more
The EU-UK Trade and Cooperation Agreement (“TCA“) establishes objectives for the energy market by providing for the facilitation of trade and investment between the EU and the UK (the “parties”) in the areas of energy and raw materials, and supporting security of supply and environmental sustainability, notably in contributing to the fight against climate change … Read more
The government’s recently announced “Ten Point Plan” reaffirms previously pledged support for the offshore wind industry, while introducing further supply chain requirements in the Contract for Difference (CfD) and trailing future updates to onshore and offshore network strategies. In November, the UK government announced a £12 billion “Ten Point Plan” to lead a “Green Industrial … Read more
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
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
The UK Prime Minister Boris Johnson announced today his ambition for UK offshore wind to generate 40GW of electricity by 2030. The UK is well on the way to achieving this already, and the International Energy Agency predicts it will continue to lead Europe’s offshore wind market to 2030.1 But what are the next steps … Read more
