We are delighted to have advised Equinor on combining the Sheringham Shoal and Dudgeon offshore wind farm extension projects in the UK as single project under a new joint ownership structure. The joint ownership structure is set to power nearly 1.5 million UK homes, with a total of 719 MW of offshore wind capacity, driving significant economic benefits and contributing to the #EnergyTransition. Lead Partner, Jason Lovell, comments: “Happy to support Equinor and its partners in this innovative approach to combining the Sheringham Shoal and Dudgeon Extension Projects. The joint development of the project is a win-win as the simpler model will derisk development for generation and transmission, support the UK’s 2030 offshore wind targets and minimise environmental and local impact”. Congratulations to the energy team involved: Jason Lovell Julia Woodward-Carlton, Alan Cook, Simon Davies, Richard Streeter, Jennifer Evans, Julia Gawecka, Pawel Chmiel and Alexander Wong. #OffshoreWind
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Updates
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Today, 19 December 2024, Ofwat published its Final Determinations for the PR24 price review, following a unique and complex process. Ofwat has approved bill increases averaging £31 annually, or totalling £157 over five years, meaning an average customer bill of £597 by 2030—a 36% increase before inflation. Companies have two months to accept the Determination, after which Ofwat may refer them to the CMA for redetermination. Read our flash update below for more details and reach out to a member of the team to discuss further: Nicola Williams, Peter Harper, Cathryn Horton or Nicole Woo.
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Eversheds Sutherland Energy reposted this
Yesterday, Partners James Orr and Lee Peifer, along with Counsel Benjamin Reed, held the 2024 Territorial Act Seminar. This complimentary seminar for electric cooperatives covered a variety of issues under the Georgia Territorial Electric Service Act, including recent developments and key decisions on grandfather rights and reconstructed premises, corridor rights, customer-choice loads, and more. Thank you to all who participated and turning this into a success! #EMC #ElectricCooperative #TerritorialAct
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The German Federal Network Agency (BNetzA) has just released a pivotal position paper on building cost contributions (Baukostenzuschüsse, BKZ) for power grid connections. Key highlights include: ⚡ Policy Focus: New guidelines on payments for new or enhanced power network connections 💻 Consumer Impact: Potential relief for general power consumers 🟩 Storage Operators: No reduction in charges for storage operators Read the full update on our website: https://lnkd.in/ep5kCCaM Connect with members of our Germany Energy Team: Martin Weitenberg, Isabel Miriam Strecker and Arndt Scheffler #EnergyTransition
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Eversheds Sutherland Energy reposted this
In the latest episode of NRECA’s podcast “Along Those Lines,” Eric Baker, CEO of Wolverine Power Cooperative, and Donna Walker, CEO of Hoosier Energy, discuss how their respective electric cooperatives became involved in the historic restarting of Michigan’s Palisades nuclear power plant. As clients of Eversheds Sutherland, they reference our firm’s strategic role – including the leadership of Partner Herbert Short and our larger Energy team – in their signing of long-term power purchase agreements with plant owner Holtec International, which are necessary for the plant’s recommissioning. Tune in by visiting the following link! #Energy #NuclearEnergy https://lnkd.in/eZ8vW8_B
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The Czech Republic’s proposed legislation threatens to reduce #Subsidies for #Solar projects, potentially impacting the returns of #ForeignInvestors. The new Bill would lower the internal rate of return threshold required to attract Government support, among other reforms. Members of our global energy team, Wilson Antoon, Marek Jeżewski and Eleanne Hussey provide an overview of what this means and how foreign investors are reacting. Check out our full article: https://lnkd.in/eKtSTe8s
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Thank you Scottish Renewables for an incredible evening at the Scottish Green Energy Awards 2024! It was fantastic to see the EICC in Edinburgh filled with passionate individuals, all recognising the vital role of the renewables sector in Scotland. Congratulations to all the winners and nominees, and a heartfelt thank you to all our guests for making the night so special. Alan Cook Euan Smith James Gibson Peter Nesbit Christine Barnsley Geraint Pullin Thomas Richard Streeter Jeraldine McNally #EnergyTransition #SGEA24
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🔊 Listen to our latest energy podcast 🔊 Recently Ben Brown, Rob Broom and Sophie Lowe hosted a webinar, providing updates on the UK Connections Reform following the release of the National Energy System Operator’s (NESO) latest round of consultation documents and its “Clean Power 2030” (CP30) advice to the UK Government. Catch up on the webinar to: 📝 Get an overview of the current state of connection reform 💡 Unpack the new changes, clarifications and unknowns following these recent updates 🟢 Learn how these changes will have an impact on projects and the sector Listen on demand via: 🎧 Apple: https://lnkd.in/eHSjBHCY 🎧 Spotify: https://lnkd.in/eepTm5CA #EnergyTransition #ConnectionReform #TMO4+ #CleanPower2030
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⭐ Celebrating Success at the Tamarindo Energy Storage Awards ⭐ We are thrilled to share that our energy team has been awarded High Commendation for Legal Advisory of the Year. This achievement highlights the team's dedication, innovation and leadership in the industry. Congratulations to all the winners of the evening! #BESS #ESIA24 #EnergyTransition
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Thank you to all of our clients and colleagues who joined us last night at our Connecting Energy Professionals in Cardiff event. The evening opened with a welcome speech from Geraint Pullin Thomas, followed by an engaging panel discussion with John Idris Jones, Angharad Davies, Richard Evans and Paul Maile, moderated by Nadine Gutteridge, exploring recent developments, potential challenges and future prospects within Wales. It was a wonderful evening and we look forward to continuing to work together on a sustainable future in Wales. #EnergyTransition
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