Publication
Real Estate Focus - December 2024
December has been a very busy month, with a flurry of new government policies and consultations.
Thailand: New Round of Renewable Energy Procurement
Thailand | Publication | March 2023
Thailand's National Energy Policy Council has approved an increase in renewable energy power generating capacity from 9,996 MW to 12,700 MW to meet rising electricity demand. The council has approved a new procurement scheme, which includes 3,668.5 MW of total capacity from ground-mounted solar farms (2,632 MW), wind energy (1,000 MW), bio-gas (6.5 MW), and industrial waste (30 MW).
The relevant power purchase agreement will be non-firm, with a project life of up to 20-25 years. The Energy Regulatory Commission will launch the new scheme after the procurement under the previous program is completed (i.e. tentatively on or around 19 April 2023). This move is expected to attract significant investments and create job opportunities, while demonstrating Thailand's commitment to achieving carbon neutrality and net-zero carbon emissions by 2050 and 2065, respectively.
Our team at Norton Rose Fulbright will keep monitoring this matter for more updates.
Recent publications
Publication
Essential Corporate News – Week ending 20 December 2024
On 13 December 2024 the Financial Conduct Authority (FCA) published Primary Market Bulletin 53 (PMB 53) which includes confirmation of the final form of two new, and one amended, sponsor-related technical notes previously consulted on in PMB 50, and a consultation on various proposed changes to the technical and procedural notes in the FCA’s knowledge base.
Publication
Dashboards update: webinars hosted by Pensions Regulator and Money and Pensions Service
The Regulator has provided a link to its dashboard webinar held on November 26, 2024, which it urges scheme trustees to watch. The Money and Pensions Service also collaborated with the Pensions Dashboard Programme to host a “town hall” dashboard event on December 2, 2024.
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