Tag: Europe

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K&L Gates’ Quick Guide to the Polish Auction System for Renewables
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Upcoming Event: Investing in Renewable Energy 2.0
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Conclusions or Delusions? EU Aims To Set 2030 Renewable Energy Targets

K&L Gates’ Quick Guide to the Polish Auction System for Renewables

K&L Gates is pleased to introduce our Quick Guide to the Polish Auction System for Renewables. Find the full version of the guide here.

Wind energy is breaking new ground in Poland. After a few years of stagnation, there is well-grounded optimism for the dynamic development of onshore and offshore RES.

A 1000 MW wind auction is expected in November 2018, with more to come in 2019. Bidders will compete in offering the lowest price over a 15-year period, plus indexation, and the auction winners will receive an estimated 12–15 billion PLN, i.e., ca. 4 billion EUR over this period.

The government is working on a separate piece of legislation concerning public support for the first offshore wind farms on the Polish Baltic Sea. However, concessions for offshore wind are already awarded and the industry is gearing up for the construction phrase. Offshore wind will likely feature here sooner rather than later.

Never before experienced growth is also anticipated in the solar market, with an auction for around 750 MW of new capacity in 2018. This exceeds by a few times the capacity of all solar installations existing so far in Poland.

The auctions are bound to bring the country closer to meeting the 15% target of renewables’ share in electricity generation. The Polish renewable generation will finally get a much needed boost after the delays experienced on the EU 2020 path.

It is therefore our pleasure to present this quick guide on the auction system for renewables – a compendium of knowledge prepared by the Polish Wind Energy Association and one of the association’s members

– K&L Gates law firm.

We hope that you will find the guide interesting.

Upcoming Event: Investing in Renewable Energy 2.0

On May 15, 2014, K&L Gates will host its annual event on investment in renewable energy in its Frankfurt office. The event is co-sponsored by Grontmij and Alexa Capital.

The program will address recent developments that shape the environment of investment in renewable energy, focusing on investment in the UK while also covering German and European trends.

As in previous years, the program will combine legal and commercial perspectives, and presents speakers with professional backgrounds in project development, M&A, finance and law, all widely experienced in the renewable energy sector.

This year, program and speakers include:

  • The Development of the Yield Co: implications for investing in renewables and energy

Gerard Reid, Partner, Alexa Capital

  • UK Energy Market Reform: what it means for investors

Anthony Fine, Partner, K&L Gates, London

Paul Tetlow, Partner, K&L Gates, London

  • UK Power Grids: opportunities and solutions for renewable energy industry

Vijay Shinde, Head of UK Grid Services, Grontmij, Newcastle

  • Power Purchase Agreements (PPAs): the growing need and what it means for renewable investors

Dr. Felix Grolman, CEO, Grundgrün Energie GmbH

  • The Future of Offshore Wind

Ian Nolan, Chief Investment Officer, Green Investment Bank 

  • Yield Cos: strategies to lower the cost of capital

Mark Henderson, Partner, Greencoat Capital

Nick Boyle, CEO, Lightsource 

  • Development Companies: entering and operating in the UK

Thomas Kercher, CEO, PFALZSOLAR GmbH

Oliver Christof & Constantin Windisch-Graetz, Christof AG

  • Renewable Energy 2.0: what it means for all of us

Anthony Fine, K&L Gates (Chair)

Vijay Shinde, Grontmij

Gerard Reid, Alexa Capital

Felix Groelman, Grundgrün Energie GmbH

Mark Henderson, Greencoat Capital

Nick Boyle, Lightsource

For more information: click here.

For registration: click here.

Conclusions or Delusions? EU Aims To Set 2030 Renewable Energy Targets

In an announcement awaited by industry, the European Commission has proposed the non-binding objective of increasing the share of renewable energy to 27% of the EU’s energy consumption in 2030. However, at the same time, an ambitious and binding target emerged: for the EU to reduce by 2030 domestic greenhouse gas emissions by 40% below the 1990 level. An extraordinary target or a disappointment?

Read More

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