Power
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.
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Publications: 18 MARCH 2020
Mining company not liable for unlawful acts of Sierra Leonean police
The Court of Appeal of England and Wales has upheld the High Court’s verdict in Kadie Kalma & ors v African Minerals Ltd & ors [2020] EWCA Civ 144. This is an important case for businesses exposed to human rights risks through their reliance on third parties, particularly state security forces, in relation to their operations abroad. The finding in this appeal confirms the limits on the circumstances in which a company can be held liable for harms caused by such third parties.
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News: 07 JANUARY 2020
A&O rounds off 2019 with stellar performance in global M&A league tables
A&O has marked the end of Q4 2019 with a stellar performance in the M&A league tables; the result of advising on a number of complex, high-value transactions in a wide range of sectors and markets, around our global network in 2019.
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Publications: 01 MAY 2019
Belgium adopts legal framework on tenders for new offshore electricity production installations
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 framework for the competitive bidding procedure, the law aims to further reduce subsidies granted to offshore wind electricity production while recognising that new wind farms are essential to achieving Belgium’s renewable energy targets under its EU and international commitments.
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Publications: 25 JULY 2018
Government of Ontario terminates renewable energy contracts
On 5 July 2018, Ontario's Minister of Energy, Greg Rickford, issued an Executive Order to the Independent Electricity System Operator (IESO) directing it to "wind down" certain renewable energy contracts, which had been awarded under the Feed-in-Tariff (FIT) and the Large Renewable Procurement (LRP) programmes.
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