Osborne Clarke has acted for the North Sea Transition Authority in connection with the development of the UK's carbon capture and storage clusters.
These are large scale infrastructure projects being developed in UK industrial areas, designed to capture carbon dioxide emissions from a range of gas power, industrial facilities and hydrogen production plants, transport it offshore and then store the CO2 in depleted gas reservoirs and saline aquifers. The UK government has recently announced £21.7 billion of investment into carbon capture and storage projects, which are a core part of the UK's net zero agenda.
Government support is being provided in connection with first of a kind infrastructure project development risks, and negotiations have been ongoing with the lead transport and storage cluster developers, commercial insurance providers, senior lenders and government regulators. Osborne Clarke has advised NSTA with a particular focus on offshore licencing, legislative obligations and financial security.
For more information see NSTA awards Endurance first ever UK carbon storage permit
The team was led by corporate partner Matt Lewy who leads the CCUS practice and specialises in renewable energy and decarbonisation projects. It also included head of sustainable infrastructure Hugo Lidbetter and energy and regulatory compliance legal director Helen Raynsford.
More information on Osborne Clarke's decarbonisation practice and CCUS.
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