Dentons has advised PKO Bank Polski and the EBRD on providing debt financing for the construction of the 31.5-megawatt Grabkowo wind farm in Potegowo and operational support for the 37.5-megawatt Orla wind farm, both of which are operated by Eurowatt. Clifford Chance advised Eurowatt.
Paksoy Advises EBRD on USD 100 Million Loan to Enerjisa Enerji
Paksoy has advised the EBRD on its USD 100 million loan to Enerjisa Enerji as part of its earthquake response package.
Act Legal and SSW Pragmatic Solutions Advise on Doosan Skoda Power EPC Agreement with Orlen
Act Legal has advised Doosan Skoda Power on executing an EPC agreement with Orlen. SSW Pragmatic Solutions advised Orlen. The total value of the project exceeds EUR 125 million.
Ukrainian Regulator Postpones the Deadline Registering as a Wholesale Energy Market Participant until April 1, 2024
On January 31, 2024, Ukraine’s National Energy and Utilities Services Commission (the Regulator) adopted Resolution No. 232 On Approval of Amendments to the Resolution of the Regulator 1812 dated October 4, 2023 (the Amendments).
NEURC Brought Secondary Legislation in Line with the Law on "Green" Transformation
On 24 January 2024, the NEURC adopted the Resolution "On Amendments to Certain Resolutions of the National Energy and Utilities Regulatory Commission (NEURC)" (the "Resolution") to bring the secondary legislation in line with the Law of Ukraine "On Amendments to Certain Laws of Ukraine on Restoration and Green Transformation of the Energy System of Ukraine" No. 3220-IX dated 30 June 2023 (the "Law on "Green" Transformation").
New Notification Obligation for Czech Energy Sector Transactions
Effective 1 January 2024, the Czech Energy Act (No. 458/2000 Coll.; "EA") mandates notification to the Ministry of Industry and Trade for both direct and indirect acquisitions of elements of energy critical infrastructure. The parties will be under a standstill obligation until the transaction is cleared. Notably, the triggering event is set to 10 % of shares or voting rights or even lower. Let's take a closer look at the new transaction review feature.
EU Regulation and the Carbon Border Adjustment Mechanism (CBAM)
Regulation (EU) 2023/956 of the European Parliament and of the Council of 10 May 2023 (the “Regulation”) establishes a carbon border adjustment mechanism. The Regulation imposes new obligations on importers of selected goods from third countries into the EU. The aim of this article is to help entrepreneurs identify whether the Regulation applies to them and, if so, what are the most important obligations it imposes on them.