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
News: 01 MARCH 2021
Allen & Overy today announced the expansion of its Renewables practice with the acquisition of Akin Gump Strauss Hauer & Feld’s market-leading Project Finance and Renewables Practice (the “Team”).Read more
News: 14 JANUARY 2021
Allen & Overy has acted as legal adviser to energy company Ørsted (as sponsor) on the construction arrangements and sale (and related purchaser financing arrangements) of a 50% stake in the 605.2MW…Read more
Publications: 13 MAY 2020
In this article Won Myong Hong, Tristan Knowles and Claire Alebik at Asian Development Bank, and Adam Moncrieff, Thuy Huynh and Alex Ross describe the challenges faced on the ground-breaking GTN2…Read more