Consultation closed at the end of September on proposals to align national planning policy with the Government’s aspiration for Britain’s future as a ‘Clean Energy Superpower’ by 2030. Government has committed to respond...more
11/13/2024
/ Clean Energy ,
Climate Change ,
Consultation ,
Critical Infrastructure Sectors ,
Energy Projects ,
Energy Sector ,
Infrastructure ,
Real Estate Development ,
Renewable Energy ,
Solar Energy ,
Solar Farm ,
UK ,
Urban Planning & Development ,
Wind Farm ,
Wind Power
Consultation closed in late September on proposals to align national planning policy with the Government’s industrial strategy for key growth industries. Government’s response is awaited. In the meantime, what Planning...more
Further to our previous articles on the market and sources of revenue for (standalone) project-financed BESS projects, this article considers the core transaction documents making up a project-financed BESS project and the...more
11/11/2024
/ Business Operations ,
Commercial Leases ,
Construction Contracts ,
Contract Terms ,
Due Diligence ,
Energy Sector ,
Energy Storage ,
EPC Contractor ,
Operation & Maintenance ,
Operative Documents ,
Project Finance ,
Service Contracts ,
TCPA
As covered briefly in our previous article, the “route to market” / offtake arrangements/ revenue contracts are perhaps the key difference between battery energy storage systems (BESS) projects and other project-financed...more
10/15/2024
/ Arbitrage ,
Auction ,
Batteries ,
Capacity Market ,
Electricity ,
Energy Projects ,
Energy Sector ,
Energy Storage ,
Exchange-Traded Products ,
Futures ,
Power Purchase Agreements ,
Project Finance ,
Renewable Energy ,
Tolling Agreement ,
UK ,
Wholesale
What is BESS?
Battery storage or “BESS” (Battery Energy Storage Systems) projects are electrochemical infrastructure assets that allow energy to be stored and released on demand, and most of these projects are Lithium-Ion...more
9/30/2024
/ Arbitrage ,
Batteries ,
Contract Terms ,
Critical Infrastructure Sectors ,
Electricity ,
Energy Projects ,
Energy Storage ,
EPC Contractor ,
Infrastructure ,
Lithium Batteries ,
Net Zero ,
Operation & Maintenance ,
Project Finance ,
Regulatory Standards ,
Renewable Energy ,
Transmission Grid ,
UK
As part of the government’s wider review of the electricity transmission network via the Integrated Transmission Planning and Regulation Project, and after its successful introduction of competition to offshore transmission...more
9/18/2024
/ Competition ,
Consultation ,
Electricity ,
Energy Projects ,
Energy Sector ,
Offshore Lease ,
Renewable Energy ,
Tender Rules ,
Transmission Grid ,
Transmission Planning ,
UK
On 13 September 2024, the Government published a heritage and vision statement to commemorate, celebrate, preserve and safeguard the history and cultural heritage of the UK’s civil nuclear industry and those associated with...more
The Infrastructure Projects Authority (“IPA”) recently published guidance on LIBOR transition and key considerations for both UK PFI/PPP contractors and their financiers in respect of active LIBOR transition.
Whilst this...more
3/16/2021
/ Banking Sector ,
Financial Conduct Authority (FCA) ,
ICE Benchmark Administration (IBA) ,
Infrastructure ,
ISDA ,
Libor ,
New Guidance ,
Public Private Partnerships (P3s) ,
Public Projects ,
Risk Assessment ,
Sterling Overnight Index Average (SONIA) ,
UK
The UK’s Infrastructure Project Authority’s (IPA’s) guidance recent note (effective immediately and until at least 30 June 2020) on COVID-19 for PFI/PF2 contractors emphasises an intention by the public sector to, to the...more