Garrigues Sustainable Newsletter – January 2024
In this newsletter we compile the most relevant legal news on ESG matters in Spain, published by Garrigues and G-advisory. READ MORE
New measures for the electricity sector in Royal Decree-Law 8/2023
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…
Chile issues new regulation for capacity payment to encourage investment in energy storage
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
Garrigues Sustainable Newsletter (October 2023)
In this newsletter we compile the most relevant legal news on ESG matters in Spain, published by Garrigues. READ MORE
G-advisory advises Sonnedix on the acquisition of 4 photovoltaic plants (416 MWp) from Enel in Chile
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…
EU Council reaches agreement to reform the electricity market with the main goal of shielding consumers from price volatility
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…
Challenges and opportunities in renewable energy financing in Spain
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
The Government of Mexico calls to bid for the procurement of drilling services for geothermal wells in Baja California, Michoacán and Jalisco
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…
Luis Cabrera, ESG director of G-advisory, reelected as chairman of the National Association of Energy Service Companies (ANESE)
Last Friday, ANESE (National Association of Energy Service Companies) held its general assembly of members at which the members voted on the new leadership board. Luis Cabrera, ESG director of G-advisory, was reelected as chairman for another three-year term. It marks the second time that Luis Cabrera has been reelected to the position that he…