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Is stormy weather on the horizon for the offshore wind energy industry? The combination of rising supply costs, increased interest rates and significant execution risk has hurt the profitability of projects and led some...more
Following the United Kingdom’s exit from the European Union (Brexit), the landscape for renewable energy targets has shifted. The Ukraine-Russia War, the Russia-EU gas dispute, and the ongoing turbulence in the Middle East...more
Since our last update, various initiatives and developments across the Asia-Pacific market seem to support the prospect of future growth. In this issue of APAC Energy Pulse, we take a closer look at some of these initiatives...more
What role will solar, wind and storage technologies play in addressing the pending “energy emergency” in the United States, and how is the industry responding to heightened policy uncertainty stemming from the new federal...more
Welcome back to Energy Buzz, your regular snapshot into the latest topics in the energy industry from Hogan Lovells. Here we explore the UK government’s new initiative to promote investment in offshore wind projects with a...more
The $437 billion Inflation Reduction Act, H.R. 5376 (IRA), signed into law on August 16, 2022, by President Biden, makes historic investments in clean energy. The IRA allocates $369 billion toward energy security, carbon...more
The Bureau of Ocean Energy Management (BOEM) held its second offshore wind lease sale of 2022 off the East Coast on May 11, bringing in $315 million from two lease areas in the Carolina Long Bay. The lease sale was unique in...more
The Background - Despite plentiful natural resources and a healthy domestic demand for energy, Australia's offshore renewable energy sector has lagged behind comparable jurisdictions. While the offshore wind sector is...more