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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Global | Publication | October 2019
Corporate Power Purchase Agreements (Corporate PPAs) with renewable energy projects, are increasingly providing a mutually beneficial contracting strategy for corporates and generators alike.
Corporates around the world are increasingly demonstrating leadership in tackling climate change – often looking to reduce the impact of their own operations on the environment. Renewable energy procurement is a key focus, with initiatives such as RE100 exemplifying the cross-sectoral engagement of corporates globally.
At the same time, renewable developers are looking to find solutions to the challenges faced in recent years. In regions such as Europe, government subsidy schemes for renewable generation have been reduced or removed. In the US, developers face the step-down and eventual phase-out of valuable tax incentives. Seeking to mitigate the risk of wholesale power market price volatility in order to secure debt finance, developers are looking to find a contracted revenue stream for their projects.
Corporates have a variety of options to meet their individual climate and sustainability policies, including adopting efficiency measures, imposing sustainability measures on supply chains and service providers, utilizing green electricity supply tariffs and purchasing renewable energy certificates of origin. Corporate PPAs, which provide for the direct purchase of power from renewable energy projects, however, are emerging as one of the most popular solutions.
We have been working on Corporate PPAs across the globe for a number of years, acting for sellers, buyers and lenders. We have leading market experience in key markets such as the United States, Europe and Australia. We are also at the forefront of the development of these transactions in new markets such as Latin America and Asia. Our global team will keep you up to date on the latest developments in the sector.
To help our clients stay up-to-date with the latest developments and trends, we have created a Corporate PPA hub as part of our NRF Institute, consolidating insights, publications and events from our global Corporate PPA team.
To request access to our Corporate PPA hub please register to join NRF Institute.
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Publication
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Publication
On February 2, 2024, the Belgian Presidency of the Council of the European Union confirmed that the Committee of Permanent Representatives had signed the Artificial Intelligence (AI) Regulation, referred to as the AI Act. Approval by the EU Parliament followed on 13 March 2024, and the AI Act is likely to appear in the EU’s Official Journal around May 2024. The AI Act aims to establish a stringent legal framework governing the development, marketing, and utilisation of artificial intelligence within the region, thereby marking a significant advancement in the regulation of this burgeoning domain.
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The private credit market and direct lending have grown and diversified immensely in the past decade, offering alternative sources and terms of debt compared to those historically provided by the syndicated leveraged loan and public issuance markets. Consequently, they are fast becoming pivotal components in the capital ecosystem, so much so that the Bank of England consider that the private credit market is currently responsible for approximately $1.8 trillion of debt issuance, which is four times its size in 2015. This growth has been particularly pronounced in Europe and the US but there has also been significant activity in Asia.
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