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…
In this newsletter we compile the most relevant legal news on ESG matters in Spain, published by Garrigues and G-advisory. READ MORE
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…
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
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
