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Combining the knowledge of local laws and cultures with a global reach is just one of the ways Baker & McKenzie separates itself from other firms. Our genuinely global perspective allows us to operate without boundaries around the world, in every jurisdiction that is important to your business.

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Australia Renewable & Clean Energy Industry Group

Baker & McKenzie houses the leading Clean Energy & Renewables Group in Australia. We work closely with our clients, advising them on carbon policy and developing practical solutions in the rapidly changing carbon market. Our team has provided advice on most major international carbon transactions and carbon projects over the past decade and we have built a clean energy and renewables practice recognized to be one of the deepest, most experienced and most geographically far-reaching in the world.

As well as working with high-profile private sector clients, our lawyers are key advisers to the Federal and State Governments on climate change and the development of renewable energy law policy. Our group has played a leading role in the development of the global carbon market between developed countries in Latin America, Asia and Europe.

Access to Baker & McKenzie's integrated global platform means we can closely monitor the developments and implications of clean energy and renewables policy changes abroad. Domestically, our seamless interaction with the Firm's Environmental Markets and Natural Resources practice groups ensures we are able to continue to produce fast, market-leading results, in a time when climate change guidance is absolutely critical.

Renewable Energy and Clean Technology




The corporate renewable power purchase agreements (PPA) market is growing significantly. In the US alone, almost 1.6 GW of renewables capacity was contracted through corporate renewable PPAs in H1 2015, compared to just 650 MW between 2008 and 2012.

Our latest report – The rise of corporate PPAs - A new driver for renewables – outlines the economic and environmental advantages of corporate renewable PPAs and takes a closer look at some of the biggest deals recently completed by corporates such as Amazon and The Dow Chemical Company. It also examines both standard and synthetic PPA structures.

With more than 40 percent of Fortune 500 companies now having targets relating to renewable energy procurement, energy efficiency or cutting greenhouse gas (GHG) emissions, it’s clear there is a real appetite for going green within the business world. And corporate renewable PPAs are set to be one of the most popular methods for meeting these targets.

Key findings:
  • Corporate renewable PPAs are surging around the world.
  • Early entrants into the corporate renewable PPA market were some of the largest IT/C companies in the world but recently the market has seen a new set of very diverse businesses including retailers, pharmaceuticals and industrials entering into corporate renewable PPAs.
  • The primary motivation behind corporate renewable PPAs is economic, with green/sustainable advantages as a runner up.
  • The benefits of corporate renewable PPAs to offtakers and generators are huge, but careful consideration needs to be given due to the unique risks and structural complexity common to these deals.
  • Financing renewable energy projects with corporate PPAs is more challenging than financing projects with standard utility PPAs due to the often lower credit ratings of corporates, corporates' more frequent fluctuations in power demand, collateral allocation and other issues.

Julie Bishop's recent visit to Iran - the first by an Australian foreign minister in over a decade - marks an important step in the development of relations between the two countries. Bishop's trip suggests there is mutual interest in expanding cooperation in different areas, with Iranian officials also invited to visit Australia as soon as possible.
The corporate renewable power purchase agreements (PPA) market is growing significantly. Our latest report – The rise of corporate PPAs - A new driver for renewables – outlines the economic and environmental advantages of corporate renewable PPAs and takes a closer look at some of the biggest deals recently completed by corporates such as Amazon and The Dow Chemical Company. It also examines both standard and synthetic PPA structures.
On 18 May 2015, a bipartisan deal to reduce Australia's Renewable Energy Target (RET) to 33,000 gigawatt hours (GWh) was reached between the Government, and the major opposition party, the Australian Labor Party (ALP).
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