Global | Publication | January 2021
Norton Rose Fulbright contributed to this report written by the World Business Council for Sustainable Development (WBCSD). Other contributing authors include Schneider Electric, DNV GL and RECS International.
This report builds on previous reports on corporate power purchase agreements (PPAs): Corporate Renewable Power Purchase Agreements: Scaling up globally (October 2016), Innovation in Power Purchase Agreement Structures (March 2018) and How multi-technology PPA structures could help companies reduce risk (March 2019). These reports cover the opportunities corporate PPAs offer, the obstacles that corporate buyers and developers face as they plan and negotiate PPAs, as well as innovations in corporate PPAs as the market grows and evolves. This paper adds an additional focus to the previous publications and aims to help companies understand the technicalities of cross-border PPAs by providing a balanced view of the risks and opportunities that the cross-border PPA structure can provide.
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The Court of Appeal has overturned a 2023 High Court decision in Manolete v White [2024], ruling that courts cannot issue injunctions requiring members to draw down their occupational pensions to make them available to judgment creditors.
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The Chancellor presented her maiden Budget on October 30, 2024.
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On October 29, 2024, the PPF published a response to its March 2024 consultation, confirming that it would proceed with its proposal to give actuaries the option of using a bespoke discount rate assumption in s. 143 valuations of smaller pension schemes.
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