Another flagship of P&S Legal is the energy industry.
Oil & Gas market issues account for a widely supported branch by our firm.
We are often engaged in dealings with the regulatory authorities of the most significant markets, such as the GSE (Manager of the Electricity Service), the Antitrust Authority, the AEEG (Authority for Electricity and Gas), the Ministry of Economic Development and the MATT.
We provide legal assistance and advice in the drafting of contracts in the Energy area both at domestic and cross-border level, particularly in Tolling, EPC (with bankability rules and direct agrements), O&M, Management Services, Supply Contract, EFET.
In the renewable energy sector in particular, we have gained considerable experience in representing leading companies in the construction and operational phases of power plants that exploit renewable energies (biomass, solar, wind, geothermal, hydroelectric).
We work alongside entrepreneurs in all the stages of their investments: project bankability, administrative permits, drafting of supply, management and maintenance contracts for plants, drafting and overseeing insurance contracts, leasing contracts, managing relations with sponsors and public administrations.
We offer assistance in M&A operations in the energy sector, through the conduct of legal due diligence and negotiation of specialist contractual clauses of energy and environmental legislation.
The Green Economy can be defined as a type of econometric analysis that, in addition to the economic benefits, takes into account the collateral environmental damage produced by the extraction of raw materials, their transport and transformation into energy, their manufacture into finished products and finally the possible recycling or environmental damage that produces their final disposal.
The energy sector is undoubtedly central to economic development, both in terms of industrialization processes and in terms of dependence on available sources; these are energy sources limited in space and time, so that talking today about sustainable economic development goes beyond a first ethical meaning, which has become almost incidental, to rise to an effective economic limit.
Sustainable growth has gone from being a long-term opportunity to being the only possible option for the short to medium term.
In 2017 the European Commission published COM(2017)53, Annual Report on the state of the Energy Union, within which Italy was certified ( as early as 2014!) to reach the target set for 2020 of reaching the share of 17% of energy produced from renewable sources.
The International Energy Agency defines renewable energy as any energy source that is regenerated at least as fast as it is used.
Renewable energies differ from traditional energies obtained from fossil sources because of their potential inexhaustibility, or rather because of their lower environmental impact, since they allow limiting CO2 emissions, the reduction of which is the main objective set, for example, by the Kyoto Protocol.
New technologies also make it possible to obtain renewable energy at a competitive price, resulting in winners in the international energy market and therefore more competitive producers.
Renewable energies are the basis of the green economy, representing zero-impact energy sources, which are produced from natural resources that by their very nature are regenerated at least at the same speed, however they are consumed or not depletable, and that do not affect the use of the same natural resources for future generations.
It often happens that the class of renewable energy sources is confused with that of alternative energy sources, which instead constitute the macro-category (to which renewables belong as a subclass) of any energy source other than that obtained through fossil fuels.
Among the most famous alternative and renewable energies are highlighted:
- Solar (thermal and photovoltaic)
- Tidal and wave motion
- Tele-heating and Geothermal
- Energy Harvesting
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