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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
After several months of anticipation, on January 31, 2025, the Government of Canada, in partnership with the Government of Nova Scotia, announced the coming into force of Bill C-49 – An Act to amend the Canada-Newfoundland &...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
In our recent article, UK energy: the new National Future System Operator and Clean Power 2030, we flagged the need to wait and see what approaches the Government proposed to take to implement the Clean Power 2030 initiative....more
American Clean Power (“ACP”) (a trade association) has issued an August 2024 Report titled: Clean Energy Investing in America. (“Report”). ...more
California currently deploys almost 35 GW of renewable energy but expects another 148 GW of renewables will be needed to meet the state’s overarching 2045 clean energy goals. To fill this gap, California expects offshore wind...more
The Virginia Clean Economy Act (“VCEA”) mandates that Dominion Energy Virginia and Appalachian Power, the two largest electrical utilities in Virginia, move to 100 percent renewable energy by 2045 and 2050, respectively....more
Background Offshore wind investments have become increasingly popular within the renewable energy sector due to the vital role they play in the global transition to clean energy. United States congress has created federal tax...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
Democrats Continue Push for Revised Build Back Better Act - With the window for action on a revised reconciliation bill to address Democratic climate and social policy goals quickly closing, Senate Majority Leader Charles...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