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CMS Renewables guide

November 2019

The CMS Renewables Guide includes contributions from some of the most active renewables lawyers in the sector across the globe. What it shows is that the renewables industry remains in a period of major transition. However, the transition itself has changed.

Previously this transition was seen as an ongoing metamorphosis from being an immature, fast-developing sector to being a more mature and stable sector. It was about gaining political and social support for decentralised technologies that were seen as costly and unreliable. It was about technologies that were seen as having fringe impacts on the total capacity of most power sectors. It was also about primarily developed economies catalysing, funding and supporting a nascent industry through subsidies.

Even in the past two years the debate has drastically changed. While the renewables sector remains in transition, the conversation is now about whether countries are developing a sufficiently long and sizeable pipeline of projects to feed the almost insatiable desire of banks, investors and developers to deploy capital and debt in the sector. Bloomberg expects global investment in new renewable energy capacity to reach a staggering US$2.6 trillion by the end of this year. The transition is less about facilitating the sector and more about removing the political and structural barriers to deployment, such as cumbersome consenting processes or moratoria on particular technologies. As renewables rapidly rise to become the most economic way to add new generation capacity in many jurisdictions around the world, the transition even becomes a focus for existing and planned thermal capacity operators, who may seek additional comfort that they will not become stranded assets in an increasingly decarbonised electricity sector.

With the price of renewables being now not only at, but at times, below grid parity (i.e. the wholesale price of power) in many countries, the question of whether the wholesale price of power remains relevant for investment decisions has risen up the agenda. Many electricity markets are struggling to send a sufficient, stable and transparent price signal to allow prudent investment decisions in the desired technologies to be taken. Further, with the electricity sector considered the engine for driving ‘net zero’ ambitions in currently non-decarbonised parts of the wider economy, such as transport and heating, the transition is not about whether renewables are fringe technologies, but whether the renewables ambition is large enough to meet these additional challenges. With renewables targets having been adopted in 168 countries as at the start of 2019, and deployment in developing economies having outstripped that in developed economies since 2015, the sector is transitioning to becoming a truly global industry.

The guide covers 36 jurisdictions:  Albania, Angola, Austria, Belgium, Brazil, Bulgaria, China, Chile, Croatia, Czech Republic, Colombia, Egypt, France, Germany, Hungary, Italy, Luxembourg, Mexico, Morocco, The Netherlands, Peru, Poland, Portugal, Romania, Russia, Serbia, Singapore, Slovakia, Slovenia, Spain, Switzerland, Turkey, Ukraine, Oman, United Arab Emirates, United Kingdom

Publication
CMS Renewable Energy Guide 2019
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PDF 12 MB

Authors

Picture of Johannes Trenkwalder
Johannes Trenkwalder
Partner
Vienna
Picture of Munir Hassan
Munir Hassan
Partner
London
Picture of Molly Kos
Molly Kos
Picture of Ivan-Serge Brouhns
Ivan-Serge Brouhns
Counsel
Brussels
Picture of Ted Rhodes
Ted Rhodes
Partner
Rio de Janeiro
Picture of Kostadin Sirleshtov
Kostadin Sirleshtov
Managing Partner
Sofia
Borislava Pokrass
Borislava Pokrass
Associate
Sofia
Louis Peng
Picture of Vera Zhang
Vera Zhang
Senior Associate
Picture of Marija Musec
Marija Mušec
Partner
Zagreb
Picture of Mia Kanceljak
Mia Kanceljak
Associate
Zagreb
Lukas Janicek
Lukáš Janíček
Partner
Prague
Lukas Vymola
Lukáš Výmola
Associate
Prague
Picture of Peter Simon
Péter Simon
Partner
Budapest
Picture of Pietro Cavasola
Pietro Cavasola
Managing Partner
Rome
Picture of Matteo Ciminelli
Matteo Ciminelli
Partner
Rome
Picture of Julien Leclere
Julien Leclere
Managing Partner | Avocat à la Cour
Luxembourg
Alix Fredet
Picture of Cecilia Weijden
Cecilia van der Weijden
Partner
Amsterdam
Picture of Augusto Astorga
Augusto Astorga
Partner
Lima
Picture of Carlos Hamann
Carlos Hamann
Partner
Lima
Picture of Piotr Ciolkowski
Piotr Ciolkowski
Partner
Warsaw
Ms Kinga Makuch
Picture of Monica Pacheco
Mónica Carneiro Pacheco
Partner
Lisbon
Joao Marque Mendes
João Marques Mendes
Associate
Lisbon
Marc Rathbone
Partner
Singapore
Picture of Adrian Wong
Adrian Wong
Partner
Singapore
Petra Corba Stark
Petra Čorba Stark
Partner
Bratislava
Michaela Nemethova
Picture of Dunja Jandl
Dunja Jandl
Partner
Ljubljana
Picture of Ursa Jozelj
Ursa Jozelj
Associate
Ljubljana
Maria Guinot
María Guinot
Dr Stephan Werlen
Dr Stephan Werlen, LL.M.
Partner
Zurich
Picture of Vitaliy Radchenko
Vitaliy Radchenko
Partner
Kyiv (CMS CMNO)
Image of Volodymyr Kolvakh
Volodymyr Kolvakh
Senior Associate
Kyiv (CMS CMNO)
Amir Kordvani
Amir Kordvani
Partner
Dubai
Maurits-Rabbie-CMS-NL
Maurits Rabbie
Attorney-at-law
Amsterdam
Picture of Marc Veuillot
Marc Veuillot
Lawyer
Casablanca
 Picture of Filipa Tavares Lima
Filipa Tavares de Lima
Partner
Luanda
Felipe Arze Abogado Corporativo
Luis Felipe Arze, LL.M
Partner
Santiago
Christophe Barthelemy
Christophe Barthelemy
Partner
Paris
Dorothée Janzen
Dorothée Janzen, LL.M. (Ann Arbor)
Partner
Hamburg
Derek Woodhouse
Luiz Fernandez
Picture of Varinia Radu
Varinia Radu
Partner
Bucharest
Tissot Dominique
Dominique Tissot
Partner
Moscow
Picture of Djordje Popovic
Đorđe Popović
Picture of Mihajlo Matkovic
Mihajlo Matković
Igor Đorđević
Juan José Zabala, Partner CMS Spain
Juan José Zabala
Partner
Madrid
Doene-Yalcin-CMS-TUR
Dr. Döne Yalçın
Managing Partner
Fatma Salah
Heba Elkady
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