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Getting the Deal Through: Electricity Regulation 2022 Turkey Chapter is now live!

Over the last two years, Turkey has enacted several energy-related amendments and new legislation on topics ranging from green energy certificates to electricity storage facilities. In our latest contribution to Lexology, we focus on the new regulations on the electricity market to clarify the subjects such as: YEK-G Certificate and the YEK-G Certificate Market: What […]

GREEN DEAL – EUROPE TO DEFINE ITS RESPONSE TO COVID-19 PANDEMIC

The European Commission (“Commission”) has an ambition to make Europe the first climate-neutral continent by 2050. The President of the Commission, Ursula von der Leyen has made climate change a top priority in her “Agenda for Europe” by proposing a policy package called “Green Deal” including proposals to increase carbon taxes, invest more heavily in sustainable business, reduce pollution, and increase protection for Europe’s wilderness, national parks, and green spaces.1

The outbreak of the Covid-19 plunged almost all the EU member states into a recession. While several member states and the Commission consider putting the Green Deal into the heart of the post-coronavirus recovery, others urge the EU to suspend the Green Deal and focus on the coronavirus instead.2 Time will show whether EU will stick with objectives of the Green Deal in recovery plans when addressing the Covid-19 outbreak.

POWER PLANT EPC AND O&M CONTRACTS DURING CORONAVIRUS OUTBREAK

Coronavirus (COVID-19) outbreak affects not only people’s daily-life, but also disrupts economies and markets all around the world and electricity generation market is not immune to this effect. Due to the outbreak, construction projects related to power plants came to a standstill in some jurisdictions. Engineering, procurement and construction (“EPC”) contractors and operation and maintenance (“O&M”) service providers as well as project owners started to face difficulties.