A new approach to coordinating offshore electricity grids
Sustained increases in UK and EU offshore wind power generation mean that making changes to regulation and infrastructure has become a priority.
Working in partnership with the Global Infrastructure Hub (GI Hub), we have produced a tool for governments and infrastructure providers to assist in building a global pipeline of viable public private partnership (PPP) projects.
Hosted via an interactive online portal, the tool explores options for the allocation of risk between the public and private sectors in typical PPP transactions, along with related information on practical measures to help mitigate issues that arise and typical government support arrangements.
The report focuses on 12 types of projects within the following sectors:
The report was welcomed by the Finance Ministers and Central Bank Governors of the G20 group of nations in Chengdu, China on 23-24 July.
The GI Hub, based in Sydney, Australia, is an organisation established by the G20 group of nations to foster innovation in global infrastructure development.
The EU is very likely to push ahead with creating a carbon border adjustment mechanism, as soon as compliance with WTO rules can be assured.
© Norton Rose Fulbright LLP 2020