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Energy & Natural Resources

March 12 2018
Mira Todorovic Symeonides Investing in RES sector

Greece - Rokas Law Firm

The Greek energy sector is expected to expand over the next few years as a result of, among other things, the optimisation of the energy mix – which consists of a reduction in fossil fuel-generated electricity and an increase in energy from renewable energy sources (RES) – and the liberalisation of the electricity and natural gas markets. Greece is also expected to create energy investment opportunities due to the availability of RES potential in the country and ongoing substantial infrastructure projects.

Authors: Mira Todorovic Symeonides, Stefania Chatzichristofi
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Mattijs Baneke Renewable energy subsidies renewed

Netherlands - Stek Advocaten BV

The minister of economic affairs and climate recently announced that the new government has reserved €12 billion to grant subsidies in 2018 for the production of renewable energy under the Renewable Energy Grant Scheme. The subsidies, which will be made available to applicants in two €6 billion tranches, aim to accelerate the development and use of sustainable energy production technologies.

Author: Mattijs Baneke
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Frode Vareberg Transfers of Norwegian petroleum licences: is government approval regime tightening?

Norway - Advokatfirmaet Simonsen Vogt Wiig AS

An increased number of corporate transactions and mergers have been observed in the oil and gas sector on the Norwegian Continental Shelf (NCS) in recent years. Several oil majors and traditional utilities and downstream companies have reduced their presence and broad portfolio sales and swaps of NCS licences have become increasingly common. These changes in trends are highly relevant for the government, which aims to maintain a high level of activity on the NCS.

Author: Frode Vareberg
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Catarina Brito Ferreira New rules for obtaining electricity generation permits when request capacity exceeds grid capacity

Portugal - Morais Leitão, Galvão Teles, Soares da Silva & Associados

The 2018 state budget amended Article 33-F of Decree-Law 172/2006, which establishes the criteria that applicants must fulfil to generate electricity via renewable and non-renewable endogenous resources on a market basis in order for the licensing authority to grant a generation licence or accept a prior notification. The amendment aims to establish new rules for when the relevant network has insufficient capacity to support the additional load that results from requests submitted to the licensing authority.

Authors: Catarina Brito Ferreira, Joana Alves de Abreu
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Robert Lane Clearing price plummets in T-4 Capacity Market Auction

United Kingdom - CMS Cameron McKenna Nabarro Olswang LLP

National Grid recently published the provisional auction results for the 2017 T-4 Capacity Market Auction, with successful bidders having been provisionally awarded capacity agreements for delivery in 2021/22 at a price of £8.40 per kilowatt (kW) per year. The clearing price is significantly lower than that awarded in the 2016 Capacity Market Auction, where successful bidders were awarded capacity agreements at £22.50 per kW per year.

Authors: Robert Lane, Munir Hassan, Sarah King, Louise Dalton
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Recent updates

Giffy Pardede MEMR announces easing of regulatory burden for new and renewable energy sector

Indonesia - Ali Budiardjo, Nugroho, Reksodiputro

Authors: Giffy Pardede, Serafina Muryanti Hayu P
Phillip Ashley Oil and gas consultancy agreements: giving effect to parties' true intentions in a commercial context

United Kingdom - CMS Cameron McKenna Nabarro Olswang LLP

Authors: Phillip Ashley, Robert Wilson, Matthew Culver, Randall Walker
Godofredo Mendes Vianna IBAMA: new requirements for disposal of fluids, gravel and cement paste

Brazil - Kincaid | Mendes Vianna Advogados

Authors: Godofredo Mendes Vianna, Jose Vicente Duncan de Miranda