Salans' Co-Head of the Global Banking and Finance Group, Philippe Max, has recently published
an article on the burgeoning area of wind farm energy. The article, published in Power and
Energy Finance Review, looks at the legal aspects of financing onshore wind farms in
France.
France is becoming a major player in the area of renewable energy, with EU Directives paving the
way for countries to strive to improve their renewable energy credentials. France's 2005 energy
policy aims to cut greenhouse gas emissions by 3% per year so that by 2010, renewable energy
encompasses 21% of French electricity consumption.
By far the most prevalent area of development in renewable energy is in wind farms and in his
article, Max examines the current state of the French wind farm market, the legal obligations
enforced upon electricity distributors to purchase from renewable energy providers and the
favourable tariff structure which encourages the shift towards renewable energy and in particular,
wind energy.
Max goes on to look at relevant regulatory provisions regarding the construction and operation
of an onshore windmill, providing readers with a broad view of the legal considerations for
operating in the wind energy sector.
Read by energy sector leaders, influencers and decision makers, and authored by experts from
investment banks, law firms, associations and consultancies, Power and Energy Finance Review
provides a comprehensive analysis of the power and energy industry worldwide.
The full article from Philippe Max can be read here.
Salans has over 750 lawyers, of which 184 are partners, globally operating from 20 offices
across 17 jurisdictions. The Global Banking and Finance
Group has over 150 lawyers worldwide and its capabilities include project finance, banking
(including corporate finance, acquisition finance, leveraged finance and real estate finance),
capital markets, asset finance, consumer finance, derivatives, regulatory, securities, structured
finance as well as securitisation.