The royal decree-law includes several new provisions that directly affect the electricity system, notably influencing the development of renewable energy plants and self-supply plants. On December 28, 2023, the Official State Gazette published Royal Decree-Law 8/2023 of December 27, 2023, adopting measures to confront the economic and social consequences of the conflicts in Ukraine and the…
Following the conclusion of the Climate Summit, we analyze the agreements reached and the challenges that the goals it set raise at the European level, in a new edition of ‘Garrigues Sustainable dialogs’. The 28th UN Climate Change Conference (COP28), which was held in Dubai, was considered a crucial step toward speeding up the energy transition…
RSGI’s research analyzes the sustainability strategy, commitments and reporting of the 180 largest law firms by revenue worldwide. Garrigues leads the EU’s legal industry thanks to its sustainability strategy and commitments and is the only Spanish firm and the top-ranking EU firm present in the GreenPrint 2023 report by the RSGI Limited group, a think…
Coinciding with the 75th anniversary of the Universal Declaration of Human Rights, the legislation being prepared by the European Union in this area and, more specifically, the proposal for a directive on corporate sustainability due diligence, has been analyzed in a new edition of the Garrigues Sustainable Dialogs, featuring the Chair of the European Parliament…
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…
