The Royal Decree-Law 23/2020, which approves measures in the field of energy and other areas for economic recovery entered into force on 25 June 2020. This article provides an analysis of the changes introduced and their effect on renewable energy projects.
As demand for energy and commodities continues to grow and sustainable resources come into focus, we work in partnership with our clients to deliver innovative solutions to the toughest business challenges.
Drawing on years of experience across all segments of the energy sector, from conventional power, oil and gas and mining to renewables and commodities, we excel in providing end-to-end advice in all aspects of these complex, cross-border transactions and disputes.
An exceptional understanding of the industry and its commercial drivers equips us to give technically excellent advice on transformative and groundbreaking projects. In particular, across M&A, joint ventures, planning, construction and operational contracts, risk identification/mitigation, financing, insolvency, restructuring, regulatory, tax and dispute resolution.
Our clients range from energy companies, financial institutions, institutional investors, sponsors, governments and contractors whom we advise across a range of domestic and cross-border projects including some of the most innovative and marquee transactions in the market.
With sustainability high on the agenda, our award winning renewables practice is well positioned to advise organisations who want to diversify their portfolios and/or invest in this fast moving sector of the energy industry.
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A seabed lease agreement for the project has now been signed with the Crown Estate, following the authority’s call for extension applications from 2017, which resulted in seven projects being approved.
In this article we consider a recent decision in the English High Court which held that substantial damages are recoverable based on the infringement of a bailor’s right to possession of property.