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: 08 SEPTEMBER 2021
The UK Government’s Hydrogen Strategy (the Strategy) finally landed on 17 August 2021. It was much-delayed and highly anticipated. When it arrived, it promised a hydrogen revolution: an integrated and…Read more
Publications: 02 JULY 2021
Clean hydrogen is a central piece of Europe’s Green Deal goal of reaching climate neutrality.Read more
Publications: 26 MAY 2021
This article, penned by partners Sam Kamyans, John Marciano and associate Sam Guthrie of Allen & Overy’s global Projects, Energy, Natural Resources and Infrastructure practice, provides a guide to…Read more
Publications: 24 MAY 2021
The decarbonisation of industrial processes will be fundamental to the UK achieving its net zero ambitions. It will require the establishment and scaling of new infrastructure segments at a pace never…Read more