Community Energy Strategy: shared ownership — shared responsibility
By Andrew Meaden
The Community Energy Strategy published by the Department of Energy and Climate Change (DECC) set the expectation that ‘by 2015 it will be the norm for communities to be offered some level of ownership of new, commercially developed onshore renewable projects’. As a step towards achieving this aim, DECC requested the establishment of the ‘Shared Ownership Taskforce’ formed of representatives from the renewables industry (‘Industry Taskforce’). The Industry Taskforce’s mandate was to liaise with communities and, by September 2014, produce a robust framework and timetable for the implementation of widespread community ownership of renewables projects.
While engagement with the Community Energy Strategy is nominally voluntary, DECC made it clear that if by 2015 progress towards its community ownership objectives is unsatisfactory, it will consider requiring, by law, all developers to offer shared ownership to communities. This imperative was given further teeth in the draft Infrastructure Bill published on 6 June 2014 (‘Draft Bill’). The Draft Bill sets out a broad enabling power (to be activated, or not, at DECC’s option) to give community residents and/or community groups the right to invest in renewable electricity generation projects located within their community.
In this policy context, the Industry Taskforce published its Draft Report for Consultation on 23 June 2014 (‘Draft Report’). The Draft Report sets out the Industry Taskforce’s initial proposals for shared ownership and invites further views from renewable industry stakeholders, before publication of its final report in September 2014…
Click on the link below to read the rest of the Dentons briefing.
News from Dentons
News from The Lawyer
Briefings from Dentons
Licensed issuers can now issue and trade covered warrants on exchanges outside the free zones in the UAE.
This judgment considers the iniquity exception to legal professional privilege and the point at which a client conducts himself so dishonestly that the advice given is in furtherance of a fraud.
Analysis from The Lawyer
The continent’s boom in natural resources and renewable energy is sparking an infrastructure drive
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.