Renewable energy and infrastructure

  • Renewable energy and infrastructure

    2022

    White paper on energy – offshore wind updates

    The Norwegian government just before Easter announced their white paper on energy policies in Norway, Meld. St. 11 (2021-2022), which is an update of the former government's white paper from last summer. An important part of the white paper concerns offshore wind development.

  • Ranking, Fisheries and Aquaculture, Financing, Capital Markets, Compliance and crisis management, Mergers and Acquisitions, Dispute Resolution, Restructuring and Insolvency, Shipping Offshore, Competition law, Contract and Construction, Employment Law, Renewable energy and infrastructure, Intellectual Property, Commercial Property, Tax Law, Technology and digitalisation

    2022

    Wikborg Rein top ranked in Chambers Europe 2022

    We are very pleased to announce that we have also in 2022 taken another step up in Chambers Europe, an annual ranking guide for Europe's leading law firms.

  • Renewable energy and infrastructure

    2022

    One step closer to kicking off the offshore wind adventure in Norway

    On Wednesday, the Norwegian government presented its plans for realising the first phase of the commercial offshore wind adventure in Norway.

  • Asset Management, Financial Regulation, Mergers and Acquisitions, Company Law, Renewable energy and infrastructure, International sanctions and export control, Intellectual Property, Technology and digitalisation, Capital Markets

    2021

    New Partners in 2022

    We are pleased to announce that Snorre Nordmo, Hedvig Bugge Reiersen, Lars Erik Lien, Charlie Pope and Lars Erik Steinkjer have been appointed partners in Wikborg Rein from 1 January 2022.

  • Renewable energy and infrastructure

    2021

    Read our Offshore Wind Update November 2021

    In this newsletter we focus on the regulatory backdrop which is essential for the deployment of commercial offshore wind projects in Norway, as well as within the EU. We also address practical and legal issues in ­relation to financing and profitability as well as technology and supply chain development. We have included articles regarding offshore wind development in jurisdictions outside of Norway and the EU as well.

  • Renewable energy and infrastructure, Shipping Offshore, Ocean Industries, Sustainability

    2021

    From East Anglia to East Asia: A commercial perspective on the development of offshore wind in Taiwan and further afield

    Alex Hookway, a Senior Lawyer in Wikborg Rein's Renewables Team, sat down with Sam Stout, Managing Director of Colebrook Offshore1 in London. They discussed the current status of offshore wind in the Asia-Pacific, the (sometimes painful) lessons learned from the early wind farms in Taiwan and further afield, and what's next for wind energy in the region.

  • Renewable energy and infrastructure, Shipping Offshore, Ocean Industries, Sustainability

    2021

    Coming of age, what to do with mature wind farms? extend, repower or decommission?

    At a time when many nations are expecting an explosion of new leasing rounds to meet the gap left by the phasing out of fossil fuels (and in some jurisdictions, nuclear power), it might seem odd to consider the ‘end of life’ options for wind farms – whether lifetime extension, repowering or decommissioning. However, wind turbines have an operational lifetime of 20-25 years. For the original offshore developments in the North Sea, this may be shorter as technology, fabrication and construction knowledge has developed rapidly over the past 20 years.

  • Renewable energy and infrastructure, Shipping Offshore, Ocean Industries, Sustainability

    2021

    Post-Trump: The Winds of Change Opportunities for offshore wind farm installation vessels in the US

    Despite the USA having what has been described as a “globally significant wind resource”, the development of the offshore wind industry in the United States has had something of a slow start, with only 5 electricity generating turbines currently in operation in US offshore waters with generating capacity of only around 30 MW.

  • Renewable energy and infrastructure, Shipping Offshore, China, Ocean Industries, Sustainability

    2021

    Offshore wind projects in China: Key legal issues

    For those who are interested in the Chinese offshore wind market, it is crucial to understand that the Chinese regulatory framework for this sector is complicated and comprehensive, covering the whole value chain.

  • Renewable energy and infrastructure, Shipping Offshore, Ocean Industries, Sustainability

    2021

    Charterparties for wind turbine installation vessels

    An important part of every offshore wind project is the installation of wind turbines. Installation of modern bottom-fixed offshore wind parks require specialised turbine installation vessels (WTIVs) to perform impressive lifts in challenging conditions. Currently, there is limited number of vessels available for these projects, in particular as wind parks are developed further offshore and with larger turbines. The charters for WTIVs are often fixed a couple of years prior to the project execution and accordingly, negotiation of the charterparties for these vessels is critical for a project’s success.

  • Renewable energy and infrastructure, Shipping Offshore, Ocean Industries, Sustainability

    2021

    BIMCO ASVTIME

    Earlier this year BIMCO expanded their suite of offshore contracts by launching the new standard time charter for accommodation support vessels. Wikborg Rein participated in BIMCO’s drafting committee for the form, and set out an overview of its key features below.

  • Renewable energy and infrastructure, Shipping Offshore, Sustainability, Ocean Industries

    2021

    Floating offshore wind: How to structure technology development

    Technology development within offshore wind, particularly floating offshore wind, is expected to continue at a significant pace in the coming years. How could such technology development be structured, and what should the involved parties be aware of and take into consideration?

  • Renewable energy and infrastructure, State aid and EU/EEA law, Shipping Offshore, Sustainability, Ocean Industries

    2021

    State Aid for Offshore Wind

    There is no doubt that offshore wind needs considerable public support in order to be financially viable. However, such support must first pass the threshold of EEA state aid law. How can state aid for offshore wind be granted legally, and what sources of state aid are available in Norway and the EU?

  • Renewable energy and infrastructure, Shipping Offshore, Sustainability, Ocean Industries, Financing

    2021

    Debt Capital Financing of offshore wind projects

    Offshore wind projects will play an important role in meeting the world’s need and demand for sustainable energy going forward. Offshore wind projects make an attractive investment, due to, among other factors, their stable and heavily regulated nature, as well as their green profile and the possibility of long term cash flows.

  • Renewable energy and infrastructure, Shipping Offshore, Ocean Industries, Sustainability

    2021

    Offshore wind power purchase agreements

    Power purchase agreements (PPAs) often play a crucial role in project financing of renewable energy projects, including offshore wind. Having a PPA in place to secure the revenue stream for a renewable energy project is often a necessity to attract banks and other project financiers. While a PPA may make an offshore wind project bankable, there are several considerations to be made in the drafting of a PPA. In this article we take a closer look at some important questions surrounding those considerations.

  • Renewable energy and infrastructure, Ocean Industries, Sustainability, Shipping Offshore

    2021

    Marine spatial conflicts: Offshore wind – Increased pressure on Norway’s marine areas

    Norway’s large sea areas remain one of the country’s most important advantages in the global transition to a greener and more sustainable society. Solving the global climate challenges includes investments in measures such as ocean-based transport, restoration of marine ecosystems, seafood, storage of carbon in the ocean floor and ocean-based renewable energy. While these activities can help reduce the carbon footprint, they may also lead to increased activity in the sea areas already used for other types of (traditional) marine activities.

  • Renewable energy and infrastructure, State aid and EU/EEA law, Shipping Offshore, Ocean Industries, Sustainability

    2021

    Distribution of congestion revenue from interconnectors

    Offshore renewable energy plays a key role in achieving the EU’s climate and energy goals set out in the European Green Deal. The EU aims to reduce greenhouse gas emissions by 55% by 2030, and to become the first carbon-neutral continent by 2050.

  • Renewable energy and infrastructure, Shipping Offshore, Sustainability, Ocean Industries

    2021

    Auctions as an allocation tool – how auctions can be tailored to reduce uncertainty

    Norway is in the process of opening up for establishment of offshore wind production. One option is the use of auctions to allocate exclusive rights for this purpose. Industry players have raised concerns in particular due to uncertain prerequisites for these auctions. In this article, we point out that uncertainty might be mitigated by tailoring the auctions, and we give examples on how uncertainty can be reduced.

  • Renewable energy and infrastructure, Shipping Offshore, Sustainability, Ocean Industries

    2021

    How to manage regulatory risks in your joint venture agreement

    Several large companies have recently teamed up in consortiums, announcing their interest in the development of Norway’s first large scale offshore wind farms in the Utsira Nord and Sørlige Nordsjø II areas in the North Sea. At the same time, the Norwegian energy authorities are carrying out a revision of the Offshore Energy Act, the Offshore Energy Act Regulations, and the guidelines for the offshore wind concession process, leaving many unanswered questions in the regulatory landscape.

  • Renewable energy and infrastructure, Sustainability

    2021

    Hydrogen essential to a clean energy future: Rising to the challenge

    The energy industry is rising to the challenge of a hydrogen economy. For many, it is essential for a clean energy future. Some three quarters (73%) of senior energy professionals say Paris Agreement targets will not be possible without a large-scale hydrogen economy and a similar share (74%), say there is no way to achieve a zero-carbon economy by 2050 without hydrogen.

  • Renewable energy and infrastructure, Gas Dispute, Sustainability

    2021

    The hydrogen puzzle – EU regulatory initiatives in the pipeline

    Following the adoption of the EU Hydrogen Strategy and the EU Energy System Integration Strategy in July 2020, the European Commission has worked on various regulatory initiatives, as announced in the respective strategies, to facilitate the development of a well-functioning hydrogen market.

  • Renewable energy and infrastructure, Sustainability

    2021

    How does the EU Taxonomy regulate hydrogen?

    In order to meet the EU’s climate and energy targets for 2030, and reach the objectives of the European Green Deal, the EU deemed it vital to direct investments toward sustainable projects and activities. To achieve this, the Commission needed a common language and clear definition of “sustainable” – they in turn created a common classification system for sustainable economic activities, or an “EU Taxonomy”.

  • State aid and EU/EEA law, Renewable energy and infrastructure, Sustainability

    2021

    State aid for hydrogen

    A revised State aid framework should help boost the demand and supply of hydrogen in Europe. The European Commission set out this promise in the EU’s hydrogen strategy for a climate-neutral Europe, adopted in July last year. Has the Commission delivered on its promises?

  • Renewable energy and infrastructure, Sustainability, Shipping Offshore

    2021

    IPCEI Hydrogen – kick-starting Europe’s hydrogen revolution

    High costs and low demand have hindered the creation of an emissions-free hydrogen market. With IPCEI Hydrogen, the EU’s new gigantic push to bring together public and private hydrogen investments, the hydrogen market may finally have its much needed kick-start.

  • Renewable energy and infrastructure, Sustainability

    2021

    Important steps when developing hydrogen projects

    Hydrogen will play a key role in decarbonising the global economy. But how do you successfully develop your business to reach your projected target?

  • Renewable energy and infrastructure, Sustainability, Shipping Offshore

    2021

    Hydrogen as a maritime fuel and the shipping industry’s need for transition

    In the coming decades, the shipping industry will have to make a transition to sustainable fuels and energy carriers. Hydrogen has been highlighted as one of the means to achieve this transition, and in Norway several interesting projects are currently ongoing.

  • Renewable energy and infrastructure, Sustainability, Shipping Offshore

    2021

    Marine transportation solutions and applications of hydrogen – contractual considerations for hydrogen projects and the hydrogen value chain

    The hydrogen industry is undergoing rapid development, in particular due to the ever-increasing focus on reducing the carbon footprint and emissions across all businesses and industries. Hydrogen has a wide range of applications, and projects of various scales are being developed to cater for the varying local- and end-users’ needs. As a result, a variety of contractual frameworks and structures will likely emerge – both on a project-by-project basis and regarding the hydrogen value chain as a whole.

  • Renewable energy and infrastructure, Gas Dispute, Sustainability

    2021

    Greening the grey – carbon capture and storage agreements

    For countries not endowed with abundant renewable energy sources, Carbon Capture and Storage (CCS) may be the way (at least in the short term) to transition to a low carbon hydrogen economy. CCS projects have been referred to as “moon landings”. One may presume that, along with some of the technology, the underlying business and contracts are also something akin to rocket science. However, a closer look reveals major similarities to the gas sales business and gas sales agreements rather than something more ground breaking.

  • Gas Dispute, Renewable energy and infrastructure, Sustainability

    2021

    Hydrogen sales and purchase contracts – high-value issues to keep in mind

    With its ample hydropower, developing wind power, and gas reserves, Norway is particularly well placed to produce both green hydrogen and blue hydrogen. Although the potential is obvious and there is a clear will to develop it further, the hydrogen industry is still in early stages. At present, relatively few supply contracts have been entered into and few clear market principles have developed. As such, the hydrogen industry faces similar questions in respect of the contractual regulation as the natural gas industry faced in its early phase.

  • Renewable energy and infrastructure, Sustainability

    2021

    The prospects in Brazil for low-carbon hydrogen

    Brazil has an increased focus on low-carbon hydrogen. Brazil’s National Hydrogen Policy, adopted in July 2021, identifies the development of a low-carbon hydrogen industry as a national priority.

  • Renewable energy and infrastructure

    2021

    Offshore Wind – Remaining Challenges

    Wikborg Rein has the pleasure of inviting you to a seminar on offshore wind development in Norway.

  • Renewable energy and infrastructure, Gas Dispute, Shipping Offshore

    2021

    Hydrogen – is it rocket science?

  • Renewable energy and infrastructure

    2021

    Game changer for Norwegian offshore wind

    The Norwegian Government today published a white paper on energy (Meld. St. 36 Energi til arbeid – langsiktig verdiskaping fra norske energiressurser), comprising several important elements; clarifications for the development of offshore wind in Norway, electrification of Norwegian industries, hydrogen development and a more efficient development and use of the Norwegian power grid, to mention some.

  • Renewable energy and infrastructure, Sustainability, Environmental law, Ocean Industries

    2021

    Important clarifications for offshore wind in Norway

    On June 8th, the Norwegian Minister for Petroleum and Energy, Tina Bru, announced that the first licenses for development of offshore wind in Norway may be granted in early 2022.

  • Renewable energy and infrastructure, Shipping Offshore

    2021

    Two new partners

    We have the pleasure of announcing that Caroline Skaar Landsværk and Eleanor Midwinter have been appointed partners in Wikborg Rein. Caroline fits perfectly into the company's strategy and focus on renewable energy and sustainability in the energy sector and Eleanor's appointment will help maintain and build upon our already significant Shipping, Offshore and Commodities practice.

  • Sustainability, Ocean Industries, Technology and digitalisation, Renewable energy and infrastructure, Shipping Offshore

    2020

    Partner in the One Ocean Expedition

    Wikborg Rein is proud to partner and fully support the United Nations Decade of Ocean Science for Sustainable Development in the project: The One Ocean Expedition.

  • Renewable energy and infrastructure

    2020

    Norway opens offshore areas for wind power development

    Friday 12 June 2020 marked an important milestone for Norway as an energy nation, as it was decided by royal decree that two areas offshore Norway shall be opened up for renewable energy production at sea. This means that from 1 January 2021 it will be possible to apply to obtain a license for development and construction of offshore wind power projects in the two areas known as Utsira Nord and Sørlige Nordsjø II outside the Norwegian coast line.

  • Oil and gas, COVID-19, Renewable energy and infrastructure

    2020

    Rescue package CCS investments: What does it mean?

    A recent rescue package launched by the Norwegian government intends, among other things, to stimulate activity levels through carbon capture and storage ("CCS") investments. What are the main elements of this scheme, and what does it mean for investors and suppliers?

  • Renewable energy and infrastructure

    2019

    Wind power: NVE signals stricter deadlines for wind farm projects

    In a letter sent to all holders of installation licenses for wind farms in Norway, the Norwegian Water Resources and Energy Directorate (NVE) informs of certain changes in their case handling of applications relating to extension of commissioning deadlines and MTA plan approval.