Onsite renewable energy generation
Entities with high energy consumption profiles and who have the available land and infrastructure can consider developing “inside-the-fence” renewable energy generation solutions. This has the advantage of reducing emissions through utilizing renewable power, as well as securing a dedicated and direct power supply. This strategy also ensures control of energy costs (and often costs savings), protection against power shortages as well as a potential revenue stream if surplus power is sold back to the grid.
Solar, wind, biomass and geothermal have all been deployed for this purpose, while some corporations are considering other emerging technologies. This is an area where companies are procuring, owning and operating such generation solutions themselves, as well as issuing tenders for third parties to deliver and manage these solutions on their sites.
Our global renewables practice offers the strongest network of skilled legal advisers anywhere in the world. We are recognized as a market leader in the renewable energy sector and have taken a leading role in the development of onsite renewable energy generation.
Combined Heat and Power CHP facility
Financial Services Regulatory Developments in ESG
ESG is high on the regulatory agenda. Businesses, governments, regulators, financial services firms and individuals all have a part to play in tackling climate change and this view is increasingly shared across society.
A Boost to Integrity in the Voluntary Carbon Market
The Integrity Council for the Voluntary Carbon Market launches the Core Carbon Principles for the Voluntary Carbon Market
EU scales up green subsidies: How to benefit from support for clean investments
On March 9, 2023, the European Commission (EC) adopted changes to its State aid framework to support its “Green Deal Industrial Plan for the Net-Zero Age” (the Net Zero Plan) presented in February 2023. The Net Zero Plan is part of the European Green Deal, which aims to make Europe the world’s first climate-neutral continent by 2050.
London office advises Citi on structuring first-of-its-kind B2B payment solution for renewables marketplace
Global law firm Norton Rose Fulbright has advised global financial services firm Citi on structuring, in collaboration with Hokodo, a new B2B payment solution for renewable energy e-commerce marketplace Covento, which has been created by Vestas.
Paris team advises lenders in an innovative borrowing base facility to support Gunvor’s carbon trading activities
Global law firm Norton Rose Fulbright advised MUFG bank (MUFG) and Natixis Corporate and Investment Bank (CIB) and two other international lenders, in the signing of an uncommitted borrowing base facility of up to €240 million to support trading activities on the European Union Emissions Trading System (EU ETS).
Warsaw team advises PGE Polska Grupa Energetyczna on PLN 2,3bn sustainability-linked financing
Global law firm Norton Rose Fulbright advised PGE Polska Grupa Energetyczna, on PLN 2,3bn (€490m) ESG financing.
Warsaw team advises fund managed by Sienna Private Credit on a holdco financing
Global law firm Norton Rose Fulbright advised Sienna Private Credit on a holdco financing provided to a Polish borrower in relation to construction of a 35 MW wind farm in Poland. The construction of this wind farm is also financed by PKO Bank Polski as senior lender.
Warsaw team advises banks on PLN 866m (€ 180m) financing construction of Poland's first large-scale hybrid solar-wind project with a capacity of over 200 MW
Global law firm Norton Rose Fulbright advised consortium of banks comprising ING Bank Śląski, PKO Bank Polski and mBank on PLN 766m (€ 163m)senior secured financing for the purpose of constructio...
Warsaw team advises mBank on financing construction of Cyranka PV project sponsored by ONDE
The Warsaw team advised mBank on financing construction of 18 MWp Cyranka PV project sponsored by ONDE. Cyranka PV project is located in Giżycko commune in Poland and is in final stages of construction process,
Energy Transition Services
We are committed to helping our clients evolve and thrive as the world changes and would be delighted to discuss how we can help you.