On 7 March 2025, the Official Journal of the Federation published the final agreement of the Energy Regulatory Commission (CRE) that establishes the administrative provisions for the orderly and efficient integration of storage systems into the National Electricity System (SEN). The objective is to improve the stability and sustainability of the grid, optimizing the use…
In this newsletter we compile the most relevant legal news on ESG matters in Spain, published by Garrigues and G-advisory. READ MORE
Bestinver has acquired 57 MW of renewable capacity located in Spain, surpassing 90 MW in total in a project in which G-advisory has provided technical advice. The portfolio has been in operation for 10 years and is under the specific remuneration regime (RECORE) for 30 years. This acquisition by Bestinver, its second in the Spanish…
Peru may be headed towards a more fulsome renewables market in 2025, bolstered by recent changes in energy laws intended to level the playing field for wind and solar. In view of upcoming activity, we have prepared a list of key bankability topics for project sponsors, investors and lenders in relation to typical structuring issues…
Masdar, a renewable energy firm based in Abu Dhabi, has signed a deal with Canadian fund Brookfield to purchase Saeta Yield for $1.4 billion (€1.2 billion). G-advisory acted as technical adviser to the seller. With this transaction, Masdar now controls a 745 MW portfolio of green assets already in operation in Spain and Portugal, centering…
Just a week ago we celebrated the 22nd anniversary of our accession to the Global Compact. On this noteworthy date, we are presenting the 2023 Garrigues Sustainability Report on the firm’s policies, initiatives, parameters and goals in environmental, social and governance matters relating to the year ended December 2023. The report retains the structure it…
In this newsletter we compile the most relevant legal news on ESG matters in Spain, published by Garrigues and G-advisory. READ MORE
Published on March 23, Law 31992, the Law fostering green hydrogen, is aimed at providing the rules determining the measures needing to be implemented to underpin development and growth in an industry that will enable green hydrogen to be used as fuel and as an energy vector. The law’s main provisions notably include the following:…
This encourages investment in power generation plants through clean energy and achieves higher profitability in the commercialization of CELs. The market rules in Mexico that allow the issuance of Clean Energy Certificates (CELs) exclusively to clean energy plants that have entered into operation as of August 11, 2014 and, exceptionally, to legacy power plants (centrales…
