The Portuguese Government has deemed it necessary to implement a second package of cost-cutting in the electric system, aimed at cutting back the tariff deficit of the national electrical system (SEN). This is linked to external factors such as the fall in energy consumption in Portugal and the CO2 licence price cut in Europe.
Spain has once again reformed its feed-in tariff regime for renewable energy installations, part of the Government’s effort to tackle a €4.5bn tariff deficit forecast this year.
Over this last year, Portugal has been facing the most significant legal and regulatory changes in terms of the energy market since the creation of MIBEL (Iberian Electricity Market). Along with the transposition of the
On November 1st, 2012, the Spanish Comisión Nacional del Mercado de Valores (CNMV) took the measure to continue applying bans on short selling up to January 31st , 2013 (inclusive). Leaving aside that this measure could be
Energy companies have a firm focus on the rich natural resources of Angola and Mozambique. But the countries’ legal and economic systems are presenting some unique challenges for investors.
Doing business in Latin America is rewarding but, as in many other jurisdictions involving multiparty and complex contractual structures, it represents some challenges that need to be properly assessed and managed, says Carlos Solé, who
Many of Spain and Portugal’s largest businesses operate in the energy sector but even they have not gone untouched by the financial downturn. Variable demand, reduced revenues and regulatory uncertainty are prompting energy players
There was a time, not long ago, when Spain was a bright spot in the global solar market. The country attracted significant interest from international sponsors and banks for developing solar schemes.
The discovery by Anadarko and ENI of significant recoverable gas reserves off the coast of Mozambique in late 2011 is prompting dramatic change in its energy sector
