This article discusses the recent companion Issue Notes released by the UNCTAD on ISDS system, its impact on climate change, investment treaties and climate legislation, and offer some key takeaways for investors and states to be aware of.
Watson Farley & Williams has advised Iberdrola Renovables Italia S.p.A. on the preparation and negotiation of an investment agreement, including related services and shareholder agreements, to establish iCube Renewables, a joint venture with Innovo Group S.r.l., for the development of renewable energy projects in Italy including photovoltaic plants, wind farms and battery storage facilities.
Watson Farley & Williams has advised Italian energy developer GEMdev S.r.l. on its sale of a 70% stake in itself to Juwi Italia.
The agreement covers the post-development acquisition and transfer of 100% of the corporate capital of Ramacca Agrisolar.
The construction of the wind farm will start at the end of 2022 and is planned to be completed in the first trimester of 2024.
Both projects are located within Italy’s maritime exclusive economic zone.
The portfolio comprises three under-development ground-mounted photovoltaic projects to be built in the Tuscany and Sicily regions.
The Wikinger offshore wind farm consists of 70 Adwen AD 5-135 wind turbine generators.
The loan ends on 30 June 2040 and was arranged and structured internally by Encavis.
BayWa r.e. Bioenergy GmbH owns two operational biomethane plants in Germany with an installed capacity of 19 MWth.