Legal ease: sun and wind power
By Stephen Jurgenson
Plans for renewable energy in the Middle East should provide considerable opportunities for private sector investment in the future, both in power generation facilities, and in manufacturing and services in the supply chain.
The Middle East and North Africa (Mena) region has an extraordinary potential for the development of renewable energy resources. The region’s high solar irradiation levels and considerable wind potential could, theoretically, meet the territory’s entire energy requirements.
Morocco and Egypt have the largest installed renewable energy generating capacity, largely wind and hydro, but this represents a small proportion of the installed generation capacity in those countries, and a fraction of the installed generating capacity in the area. However, as demand for electricity in the region grows, and the relative cost of renewable energy technology decreases, more regional governments are seeking to diversify their energy supply to renewable sources…
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The 2nd District Court of Appeal has held that Proposition 13 changes in ownership prompted by transfers of legal entity interests should also be characterised as ‘realty sold’.