Alexander Hadrill

Nov 14, 2024 | mondaq.com | Alexander Hadrill

Consultation closed at the end of September on proposals to align national planning policy with the Government's aspiration for Britain's future as a 'Clean Energy Superpower' by 2030. Government has committed to respond before year-end. What Planning changes are proposed for those looking to deliver solar and onshore wind? The patriotic British song "Rule, Britannia!, Britannia rule the waves' is traditionally performed at the "Last Night of the Proms" at the Royal Albert Hall.

Nov 13, 2024 | mondaq.com | Alexander Hadrill |William Trotman |Mark Richards

Further to our previous articles on the market and sources of revenue for (standalone) project-financed BESS projects, this article considers the core transaction documents making up a project-financed BESS project and the similarity between these and the transaction documents commonly used in other renewable energy projects.

Nov 13, 2024 | mondaq.com | Alexander Hadrill

Consultation closed in late September on proposals to align national planning policy with the Government's industrial strategy for key growth industries. Government's response is awaited. In the meantime, what Planning changes are likely for delivering data centres, gigafactories, laboratories, freight and logistics? In 1990s Star Trek, Captain Jean-Luc Picard would order "make it so", and his starship's crew would immediately bring about the desired futuristic endeavour.

Oct 16, 2024 | mondaq.com | Alexander Hadrill |William Trotman |Mark Richards

As covered briefly in our previous article, the "route to market" / offtake arrangements/ revenue contracts are perhaps the key difference between battery energy storage systems (BESS) projects and other project-financed renewable energy projects; often there is material exposure to market (or 'merchant') risk and this makes them arguably more challenging to project-finance for lenders.

Oct 14, 2024 | lexology.com | Alexander Hadrill |William Trotman

SummaryAs covered briefly in our previous article, the “route to market” / offtake arrangements/ revenue contracts are perhaps the key difference between battery energy storage systems (BESS) projects and other project-financed renewable energy projects; often there is material exposure to market (or ‘merchant’) risk and this makes them arguably more challenging to project-finance for lenders.