Smart Power | UK energy market strategy in 2025, repowering and ethical supply chains
Published on 18th Apr 2024
Welcome to the latest edition of Smart Power, Osborne Clarke's specialist service for asset managers within the green energy sector.
This edition focuses on Ofgem's outline of strategic priorities for the UK energy market for the coming year, ethical supply chain concerns and considerations for asset managers around the repowering of aging components.
Ofgem outlines strategic priorities for the UK energy market into 2025
Ofgem published its Forward Work Programme 2024-25 on 28 March 2024, outlining its strategic priorities and objectives for the upcoming year. The UK energy regulator has set out four strategic priorities along with 14 more detailed objectives explaining the steps it aims to take and when.
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Time for UK asset managers to repower and optimise
The market for construction insurance at present is wide perceived as "hard", with premiums increasing and insurers taking a tougher approach to claims handling. What do green energy asset managers need to know in a hard market?
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Should asset managers be concerned about ethical supply chains?
Ethical supply chains have been an issue for asset managers for many years. There have long been concerns, for example, about China, where a large proportion of the silicon needed for solar panels is produced and millions of Uyghur and ethnic Kazakh women have reportedly been subjected to forced labour and coercion.
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In other news…
After extensive negotiations, the Council of the European Union has finally agreed on a watered-down version of the Corporate Sustainability Due Diligence Directive. Please see this recently published update for details.
On 22 May Osborne Clarke is hosting The Future of Infrastructure: a seminar, panel and networking event, where The Rt Hon. Lord Andrew Adonis Labour member of the House of Lords and the founding chair of the National Infrastructure Commission (NIC), will give his view on the future of the UK and European infrastructure markets.
