Natural gas as a ‘transition fuel’ for Europe on its path towards a zero-carbon economy was supposed to help gradually reduce greenhouse gas emissions. However, this environmentally-sound objective now needs a second look, particularly when gas market developments may affect the viability of new gas-fired generation projects, and when permanent impediments to gas availability may even prevent their uninterrupted and efficient operation.
Several Energy Companies Can be Subject to State Supervision
Due to the armed conflict and humanitarian disaster in Ukraine and in order to avert the consequences of such conflict in Hungary, the Government has adopted a decree that entered into force on 29 June 2022, on the basis of which, in order to safeguard the public interest of continuity and security of supply, the Government may place under the supervision of the Hungarian State the operators with significant or dominant market power in the energy industry, in particular in electricity, natural gas, petroleum, district heating and mining industry, including e.g. FGSZ Foldgazszallito Zrt. and the Hungarian Hydrocarbon Stockholders Association.
Clifford Chance and Linklaters Advise on Genowefa Photovoltaic Farm Financing
Clifford Chance has advised BNP Paribas Bank Polska and Santander Bank Polska on the financing for Pad Res group's photovoltaic farm in Genowefa. Linklaters advised the Pad Res group.
Pavel Vintr Makes Partner at BPV Braun Partners
Former Managing Associate Pavel Vintr has been promoted to Partner with BPV Braun Partners.
SK&S and Clifford Chance Advise on Alternus’ Acquisition of PV Portfolio from Projekt Solartechnik
Soltysinski Kawecki & Szlezak has advised the Alternus Energy Group on its PLN 750 million acquisition of a 184-megawatt photovoltaic farm portfolio from Famur Group company Projekt Solartechnik. Clifford Chance and, reportedly, KKMP advised the seller.
PwC Legal Advises eAgronom on Carbon Credit Trading Spin-off
PwC Legal has advised the eAgronom start-up on the spin-off transaction of blockchain-based carbon credit trader Solid World DAO, as a decentralized autonomous organization.
Sorainen Advises Atsinaujinancios Energetikos Investicijos on EUR 10 Million Bond Issuance
Sorainen has advised Lords LB-managed Atsinaujinancios Energetikos Investicijos on a second four-year green bond issuance. Luminor Bank was the main distributor of the EUR 10 million issuance.