Growth in the power generation sector is forecast to grow significantly.
According to the US Energy Information Administration's International Energy Outlook 2011, world net electricity generation is forecast to increase by 84 percent, from 19.1 trillion kilowatthours in 2008 to 35.2 trillion kilowatthours by 2035. Developing the required increase in installed capacity to meet this growing demand is an enormous challenge especially as governments are grappling with the 'trilemma' of delivering security of supply, low carbon and affordable electricity. A balanced mix of power generation technologies, including renewables (wind, solar and hydro and marine) traditional (thermal) and nuclear will be required. This balanced mix within the context of such a steep increase in demand faces similar challenges for the delivery of required approaches and extension to existing transmission and distribution networks. All these factors make this an exciting industry to work in, and one that requires its advisers to have sector–specific knowledge backed up by a global resource capability.
Allen & Overy continues to be at the forefront of the development of the power sector globally – advising governments, corporates, funders (equity and debt), suppliers and manufacturers on market leading transactions across project development, M&A, funding (equity, debt and Islamic financing), energy and emissions trading, and litigation. These transactions are supported by our specialists in areas such as environmental, regulatory, antitrust, tax, employment and planning law.
News & insights
Publications: 28 OCTOBER 2020
Mandatory supply chain due diligence, clarification of directors’ duties and changes to directors’ remuneration are being considered by the European Commission.Read more
Publications: 14 APRIL 2020
The Government of Vietnam has issued its highly anticipated policy, Decision 13, providing for new feed-in-tariffs for solar power projects in Vietnam. The new solar FiTs will apply for projects which…Read more
Publications: 18 MARCH 2020
The Court of Appeal of England and Wales has upheld the High Court’s verdict in Kadie Kalma & ors v African Minerals Ltd & ors  EWCA Civ 144. This is an important case for businesses exposed to…Read more
Publications: 01 MAY 2019
On 4 April 2019, the Belgian Parliament adopted a law introducing a competitive bidding procedure to award domain concessions for new offshore wind farms. In addition to setting out a general…Read more