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.
RED III directive approved to move forward with the implementation of renewable energy
The objective is to accelerate energy efficiency, increase the use of renewable energy and reduce emissions in the European Union.
The new energy efficiency directive imposes a reduction in energy consumption by at least 11.7% for 2030
A number of measures to promote energy efficiency are laid down and the legislation will have to be adopted before January 2025.
Energy Market Newsletter for Chile and Peru – September 2023
We are pleased to showcase the main legal and market developments for the energy sector in Chile and Peru. Garrigues teams focused on Energy in Chile and Peru address topics of interest to sponsors, developers, financiers and other stakeholders in the sector, such as draft bills, summaries of new laws, relevant case law and trends in the project financing market.
Power transmission projects are reactivated in Mexico
The Federal Electricity Commission (CFE) is preparing a project to increase power transmission capacity on the country's west coast and the government of the State of Queretaro announces a power transmission project as a public-private partnership (PPP).
The challenges that Spain must tackle to be a leader in the production and storage of green hydrogen in Europe, which everyone foresees
Spain must resolutely tackle technological, production-related and transportation challenges, as well as deep changes in industry and the need to implement a legal and financing framework that is safe and scalable.
Dispute resolution clauses in energy projects in Latin America
In recent years, the number of infrastructure projects in the energy sector in Latin American countries has increased, and therefore, the possibility of disputes arising relating to them. In this article we discuss primarily dispute resolution clauses and the key points to be taken into account when agreeing on them.
Chile: Implementation of the Energy Efficiency Law moves forward
With the issuance of Resolution 13 of 2023, the implementation of the Energy Efficiency Law of 2021 (Law 21305) is moving forward. This new resolution lists the companies that must actively manage their energy consumption and how it should be implemented.
Mexico: SENER and CRE publish new rules for the resumption of legal deadlines and terms after the health crisis
On March 1st, 2023, the Agreement resuming legal terms and deadlines at the Ministry of Energy (SENER) and the Energy Regulatory Commission (CRE) Agreement A/004/2023 containing the new rules applicable to certain formalities, procedures and activities after the suspension of deadlines due to the COVID-19 health emergency, came into force.
Poland: Amendment of the Wind Energy Investment Act opens up new development opportunities
La Cámara Baja del Parlamento polaco (Sejm) aprobó, el 8 de febrero de 2023, una enmienda de la Ley de Inversión en Parques Eólicos y algunas otras leyes. Hasta su enmienda, la ley limitaba las oportunidades de inversión en parques eólicos, al exigir su construcción a una distancia media de más de 1 km de los edificios de viviendas. Además, los residentes de los municipios en los que iban a instalarse los parques carecían de influencia alguna sobre las inversiones. La enmienda aprobada en el Sejm pretende resolver dichas cuestiones.