The Ministry of Energy has submitted amendments to the current regulations on capacity payments to the Office of the General Comptroller, which include storage systems. This regulation was largely expected by the market, given the need of enabling investments in battery storage. READ MORE
We analyze the challenges and opportunities of the new regulation for companies and assurance providers. The EU Corporate Sustainability Reporting Directive (CSRD), of December 14, 2022 (the transposition of which into Spanish law is already at the preliminary bill stage) marks a material change in the sustainability information to be provided by many companies in…
In this newsletter we compile the most relevant legal news on ESG matters in Spain, published by Garrigues. READ MORE
The renewable energy company Sonnedix has signed an agreement with Enel for the purchase of four photovoltaic plants owned by Arcadia Generación Solar in northern Chile. For this project, Sonnedix has sought the technical advice of G-advisory. The plants that make up the portfolio are: Diego de Almagro (36 MW, in operation since 2014), Carrera…
With the aim of stabilizing electricity prices and reducing dependence on fossil fuels, the Council of the European Union reached an agreement on October 17 on the general principles for reforming the electricity market. This agreement opens a trialogue (Parliament, Commission and Council) that will lead to the final agreement by early 2024. Three main…
Experts in renewable energy financing addressed, in a discussion led by Garrigues and G-advisory, the current state of financing for these kinds of projects in Spain, in a new edition of the “Garrigues Sustainable Dialogs”. READ MORE
To protect the environment and human health, the Commission has decided to restrict the use of synthetic polymer microparticles intentionally added to products. The European Commission has approved Commission Regulation (EU) 2023/2055 of 25 September 2023, published in the Official Journal of the European Union on September 27, 2023, amending Annex XVII to Regulation (EC) No…
We are pleased to showcase the main legal and market developments for the energy sector in Chile and Peru. Garrigues teams focused on Energy in Chile and Peru address topics of interest to sponsors, developers, financiers and other stakeholders in the sector, such as draft bills, summaries of new laws, relevant case law and trends…
The deadline to submit offers for the five wells located on the two parcels is October 16. Through the Financing and Risk Transfer Program for Geothermal Energy in Mexico, the Inter-American Development Bank (IDB) will allocate funds for this new tender after the first one was declared cancelled last July 2023 due to lack of…
