Wind energy is one of the leading technologies in the drive to increase electricity generation from renewable sources, and presents a vital solution for addressing concerns about sustainability and meeting carbon reduction targets. Already an industry in its own right, the wind sector faces numerous unique challenges relating to business development, land rights, consenting contracting, financing and M&A activities. This new title explores and explains the full range of issues encountered in the development of wind energy, providing guidance and insight into the legal and commercial areas of the industry. Both project and transactional facets of the industry are comprehensively analysed, with expert contributors delving deeper into specific matters of key relevance. Topics include the legal, industry and regulatory frameworks involved; consenting; insurance; project financing; power purchase agreements and subsidy agreements; and geographical analyses that provide a regional overview of wind energy developments on different continents.As a practical handbook, this title will give readers a firm grasp of the wind energy industry from both a business and legal perspective - a necessity for anyone seeking to develop or invest in what is currently the most credible of the renewable technologies.
Table of contents Preface 5 Dr Andrew Garrad European Wind Energy Association Introduction 7 Munir Hassan CMS London Part 1: General principles and practice Legal, industry and 9 regulatory frameworks Munir Hassan CMS London Land agreements 39 Stephen Hubner Shepherd and Wedderburn LLP The consenting process 57 Lucinda Holloway Marcus Trinick Eversheds LLP Power purchase agreements 71 and subsidy arrangements Munir Hassan Dalia Majumder-Russell CMS London Turbine supply agreements 89 Maxine Symington Wragge & Co Construction and operation 101 and maintenance contracts Dorothee Janzen CMS Hamburg Project financing 115 Robert Marsh Norton Rose M&A and corporate 129 structuring Charles Currier Stuart Hohnen CMS London Part 2: Regional analyses Africa 159 Ana-Katarina Hajduka Simon Norris Kaushik Ray Trinity International LLP Asia 189 Paul Curnow Matthias Thompson Baker & McKenzie Australia 205 Amanda Seaton Johnson Winter & Slattery Europe 215 Munir Hassan CMS London South America 225 Ana Carolina Katlauskas Calil Ana Karina E de Souza Jose Ribeiro do Prado Junior Machado Meyer United States 237 Gregory J Blasi Ronelle C Porter Alan J Tarr Loeb & Loeb LLP About the authors 255