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Articles by Ben Carrozzi
Global Offshore Wind: Philippines
Information correct as of 02 December 2024. Content <ul Focus on the Philippines Philippines offshore wind projects Development process Support regime and offtake Challenges Focus on the Philippines In collaboration with: Market overview The World Bank estimates the total technical potential for offshore wind in the Philippines to be 178GW. Much of the wind resource is thought to be located in water deeper than 50m, necessitating the use of floating offshore wind turbines.
Global Offshore Wind: Philippines
Information correct as of 02 December 2024. Focus on the Philippines Philippines offshore wind projects Development process Support regime and offtake Challenges In collaboration with: The World Bank estimates the total technical potential for offshore wind in the Philippines to be 178GW. Much of the wind resource is thought to be located in water deeper than 50m, necessitating the use of floating offshore wind turbines.
Global Offshore Wind: South Korea
Information correct as of 26 November 2024. In collaboration with: Lee & Ko Focus on: South Korea South Korea: offshore wind projects South Korea: development process overview South Korea: auctions South Korea: support regime South Korea: obstacles and challenges South Korea's nascent offshore wind market has made strong advances in the last few years.
Winds Of Change: GB Energy And Crown Estate Join Forces For Offshore Wind Expansion
On 25 July 2024, the UK Government introduced the Great British Energy Bill into Parliament to enable the establishment of GB Energy and announced its first strategic partnership, with The Crown Estate. The new partnership aims to accelerate the delivery of clean energy infrastructure and boost the UK's offshore wind sector, claiming to lead to up to 20GW-30GW of new offshore wind developments securing seabed leases by 2030.
Global Offshore Wind: UK
The UK remains a world leader in offshore wind, accounting for roughly 20 percent of global offshore wind capacity, with 11.3 GW operational. It is forecast that installed capacity will rise to 19.5 GW by mid 2020s. The UK Government has consistently signaled its continuing intention to bring forward more offshore wind. The Offshore Wind Sector Deal signed in 2019 targeted 30 GW by 2030.
Financial Crime Spotlight: Money Laundering Controls In The Real Estate Sector
Money laundering is a significant risk for many firms that conduct business in the UK, but the way this risk materialises and crystalises differs depending upon, amongst other things, the nature of a firm's business. Due to the differing risk profiles across sectors, firms must tailor their systems and controls to be able to identify, manage and mitigate their relevant risks.
Revenue Stacking: Getting The Balance Right For Fixed-Bottom Offshore Wind
Norton Rose Fulbright LLP and Credit Agricole Corporate and Investment Bank recently advised Ocean Winds on the financing of the Moray West offshore wind farm in Scotland. The 882MW Moray West project adopted a novel revenue stack, making it the first offshore wind farm in the UK to enter into corporate power purchase agreements for the sale of the majority of its generated power whilst relying on the UK contract for difference regime for a minority proportion of its power sales.
UK Energy Act 2023: Environmental Commitments For Offshore Wind
On 26 October 2023, the Energy Act 2023 (the Act), the largest piece of primary energy legislation in over a decade, received Royal Assent and became law. The breadth of the Act is impressive, covering areas such as energy infrastructure, energy efficiency, regulation of nascent technologies such as CCUS and hydrogen production and strengthening the regulatory landscape around more established sectors including offshore wind and oil and gas.
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