Energy - Power

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On this page you can access the very latest updates on power projects around the world. The articles and publications are relevant to developers, offtakers and lenders and coverall aspects of power projects, from structuring power projects, EPC contracts and financing.

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Recent Articles

  •  
    13/02/2024
    Hungary

    Hungary makes changes to labour law, occupational health and safety at work

    Hungary has initiated a series of legislative amendments to laws governing labour, occupation health and safety at work, some of which already entered into force on 1 January 2024. Specifically, Hungarian lawmakers passed amendments to Act I of 2012 on the Labour Code, Act IV of 1991 on the Facilitation of Employment and Unemployment Benefits, and Act XCIII of 1993 on Occupational Safety and Health and certain OSH decrees.The following article outlines the changes to labour law in Hungary brought on by these amendments.1. Amendments to Act I of 2012 on the Labour Code and Act IV of 1991 on the...
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  •  
    09/02/2024
    Ukraine

    Ukraine launches State Register of Sanctions

    On 29 January 2024, the President of Ukraine by the Decree No. 36/2024, approved the Decision of the National Security and Defence Council of Ukraine “On Approval of the Regulation on the State Register of Sanctions”. On 1 February 2024, the National Security and Defence Council of Ukraine launched the State Register of Sanctions on its website. The Register provides free public access to up-to-date and reliable information on persons and entities subject to Ukrainian sanctions.The Register is available in Ukrainian and English, and consolidates information regarding Ukrainian sanctions...
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  •  
    07/02/2024
    South Africa

    New Draft Regulations on the Proposed Numerical Sectoral Targets

    On 1 February 2024, a second round of draft regulations on the Proposed Numerical Sectoral Targets ("February 2024 Regulations") were published for public comment in the Government Gazette. The February 2024 Regulations are currently open for comment for 90 days from the date of publication (ending on 2 May 2024).Under these regulations, the Minister of Employment and Labour ("Minister") can classify different national economic sector targets that will define which companies, that operate in South Africa, will be deemed "designated employers". The classification of a designated employer will be...
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  •  
    06/02/2024
    England and Wales

    UK hydrogen production – January 2024 updates to LCHA terms

    Introduction On 25 January 2024, the Department for Energy Security & Net Zero (“DESNZ”) shared with key industry stakeholders an updated full-form front end agreement (the “Front End Agreement”) and Standard Terms and Conditions (the “Standard Terms and Conditions”) for the Low Carbon Hydrogen Agreement (together the “LCHA”).This article outlines the key updates made to the LCHA since the last draft update in November 2023, on which you can read our commentary here. For commentary on the most recent developments in UK hydrogen production...
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  •  
    02/02/2024
    Hungary

    Hungary extends grid connection long-stop-date for new power plants

    On 31 January 2024, the Hungarian government adopted the amendment to Government Decree 526/2022. (XII. 16.) that amends the Electricity Act regarding rules for grid connection. Under the original Grid Connection Government Decree developers of new power generation capacities were required to file a declaration with the competent DSO/TSO on the calendar year in which they intend to connect to the grid and pay both a financial security and an additional financial security. The DSO/TSO would then confirm or modify the calendar year for the grid connection.The amendment to the Grid Connection Government...
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  •  
    01/02/2024
    United Kingdom

    UK Government consults on AR7 and future CfD Allocation Rounds

    1. IntroductionOn 11 January 2024, the Department for Energy, Security and Net Zero (“DESNZ”) published a consultation seeking views and supporting evidence on the proposed changes to the seventh Allocation Round (“AR7”) of the Contracts for Difference (“CfD”) scheme and long-term policy considerations concerning future CfD rounds (the “Consultation”). Our commentary on the previous CfD AR6 consultation and the government response to this can be found here.2. Consultation on the Future of the CfD SchemeIn light of recent challenges faced...
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