The contribution to the UK’s energy needs made by the renewable sector continues to grow, with renewables representing 7 per cent of all energy consumed in the UK in 2014, and 19 per cent of all electricity generated in the UK. The recent dramatic reduction in oil prices may slow the rate of growth of renewable energy but in 2014 the UK imported 46 per cent of its energy needs and issues around energy security at a national level can be expected to continue to drive investment in alternative sources of energy. Internationally, both in the developed world and in emerging markets, climate change is becoming accepted as a driver of the need to reduce carbon emissions by a combination of further renewable and low-carbon power generation and increased efficiency in use of fossil fuels.
Druces’ lawyers have been active for many years in the field of renewable energy, both in the UK and abroad, advising contractors, banks, project developers and investors. Our Alternative Energy team includes lawyers with experience of EPC and O&M contracts, capital markets, mergers and acquisitions, joint ventures, banking, debt and project finance, construction and real estate, and our sector experience includes:
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