Key TCA issues for the energy sector

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

EEG 2021 – New German Renewable Energies Act in force from 1 January 2021

The new German Renewable Energies Act 2021 (“EEG 2021”) was finally passed on 18 December 2020 and came into force on 1 January 2021, subject to certain exemptions. The EEG 2021 aims to promote the further expansion of renewable energies and the energy transition in Germany, and achieve greenhouse gas (“GHG”) neutrality by 2050. Setting … Read more

Spanish Government announces first renewable energy auction for new remunerative scheme

The Spanish Government recently approved Royal Decree 960/2020, of 3 November, which regulates the remunerative framework applicable to renewable energy production facilities (RD 960/2020), which was analysed here. In order to develop and implement RD 960/2020, the Ministry for Ecological Transition and the Demographic Challenge approved Order TED/1161/2020, of 4 December, which regulates the first … Read more

Hydrogen – point 2 of the UK Government’s Ten Point Plan

Hydrogen is one of the ten points in the UK Government’s new plan for a “green industrial revolution” revealed on 18 November 2020. In 2021, the Government’s hydrogen strategy will be published which will set out business models and the revenue mechanism for private sector investment. There will also be a consultation on the Government’s … Read more

Offshore wind – point 1 of the UK Government’s Ten Point Plan

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

Renewable Energy in the 2020/21 Victorian State Budget

The 2020-2021 Victorian Budget will see an injection of Victorian Government capital to continue encouraging investment in renewable energy technologies across Victoria. The Victorian Government has announced that it will invest a total of $540 million over the next four years to establish six renewable energy zones (REZs) across Victoria. The REZ’s will be located … Read more