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Abengoa Offers Its First Green Bond to Raise 500 Million Euros for Clean Energy Projects

Abengoa SA, a Spanish energy and environment company, plans to issue its first green bond to raise 500 million euros ($642 million) to finance projects.





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US Power Grid’s $2 Trillion Upgrade Needs European Efficiency

A $2 trillion push in the U.S. to blend renewable energy into the power supply and fortify transmission lines against extreme weather means that Americans must act more like Europeans to keep their power costs down.




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Wind sector needs to take initiative on off-taker risks to drive European PPA surge

In order for wind energy power purchase agreements (PPAs) to see sustained uptake in central Europe, sellers need to take a lead in managing long-term risks including power price forecasting, covenant strength and buyer inexperience.




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Climate change helping solar, hurting hydro in Europe, say scientists

Climate change is picking up pace in Europe, thrusting farmers and power generators onto the front lines of a battle with nature that threatens to upend the lives of the half billion people who occupy the world’s biggest trading bloc.




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[Ticker] UK becomes Europe's deadliest place for coronavirus

The number of coronavirus deaths in the UK reached 29,427 Tuesday, surpassing Italy (29,029), to become Europe's worst-struck country and the second-worst globally after the US, while prompting calls for a public enquiry into government handling of the crisis. "I really don't like this league table of who's top and who's not, but there's no denying that these are really serious numbers," Cambridge University expert David Spiegelhalter told The Guardian.




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[Ticker] Commission: Eurozone will contract by record 7.75%

The eurozone will contract by a record 7.75 percent in 2020 but grow by 6.25 percent in 2021, the EU Commission said in its economic forecast on Wednesday. The EU-wide economy is to contract by 7.5 percent this year and grow by around six percent in 2021. The sharpest drop is estimated in Greece with 9.7 percent, in Italy with 9.5 percent and in Spain by 9.4 percent.




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[Coronavirus] EU set for record recession, putting euro at risk

Debt levels around Europe, especially in southern states, forecast to rise alarmingly, but EU commission remained confident countries can manage, despite fears of a second viral wave.




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[Opinion] The Dutch tracing app 'soap opera' - lessons for Europe

The app would need to be paired with more than 100,000 daily tests in order to have effect. And far more than 60 percent of the population will need to use the app in order for it to be effective.




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Europe Dividing Over Most Ambitious Carbon and Climate Plans

The European Union is poised to take its first formal steps to expand the world’s most ambitious limits on fossil fuel pollution. That may widen a rift in how it balances green policies with the need for cheaper power.




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Renewable Energy Loses Out in Europe's "Lame-Duck" Climate Plan

Wind and solar power producers say they're at risk of losing investment after the European Union's executive arm scrapped proposals for a mandatory target on renewable energy use in 2030.




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Europe Divided on Supply Security as Renewable Energy Grows

European Union governments and the bloc’s executive arm are splitting over how to guarantee electricity supply as the region builds more renewable power.




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French State Bank Sets Aside 5 Billion Euros for Green Projects

Caisse des Depots et Consignations, a French state bank, is setting aside 5 billion euros ($6.8 billion) for green projects after the government proposed a law to spur use of renewable electricity and boost efficiency.




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Abengoa Offers Its First Green Bond to Raise 500 Million Euros for Clean Energy Projects

Abengoa SA, a Spanish energy and environment company, plans to issue its first green bond to raise 500 million euros ($642 million) to finance projects.




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Utility GDF Suez Plans to Double European Renewable Capacity by 2025

GDF Suez SA plans to double renewable power production capacity in Europe over the next decade as the utility shifts its focus away from developing more historic natural gas and nuclear energy sources in the region.




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Apple To Build Two Renewable-Powered Data Centers in Europe

Apple Inc. plans to spend 1.7 billion euros ($1.9 billion) building data centers in Ireland and Denmark in its biggest European investment, with the facilities set to run services such as iTunes and maps for users of its devices.




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US Power Grid’s $2 Trillion Upgrade Needs European Efficiency

A $2 trillion push in the U.S. to blend renewable energy into the power supply and fortify transmission lines against extreme weather means that Americans must act more like Europeans to keep their power costs down.




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Global employment briefing: European Union, October 2015

Court expands discrimination lawThe CJEU has ruled that EU law covers indirect discrimination by association - a decision which expands the reach of discrimination law. It decided that an individual may claim indirect discrimination under the EU Rac...




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Global employment briefing: European Union - February 2016

Important EU data protection changes are a step nearerAfter years in the offing, the EU Parliament, Council and Commission representatives have reached political agreement on the drafting of the new EU data protection framework. Although minor modif...




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Coronavirus - Webinar: Listen again - French, German and Dutch insights regarding Force Majeure and Commercial Contracts - Europe

In this session we answered some of the most common questions clients have asked us over recent weeks as well as digging into more detail around how your business should proceed with specific legal and technical challenges according to French, Germa...




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HR e-briefing 405 - European age discrimination ruling with a sting in its tail

The European Court of Justice (ECJ) has this morning given a ruling that represents a significant victory for the charity Age Concern in their fight to have certain parts of UK age discrimination legislation ruled unlawful. As expected, the ECJ has...




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Coronavirus – Income protection – Europe

The COVID-19 global pandemic has moved faster than anyone could have anticipated and governments across the world have rushed to shore up protection on two key fronts: the health of the public and the economy. In the UK, measures were introduced by ...




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European Commission publishes final report on Sustainable Competitiveness of the Construction Sector and issues public consultation

The European Commission has recently commenced a consultation exercise regarding future sustainability and competitiveness within the EU construction sector. This consultation was initiated following the publication of the Commission report on the S...




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Top tips for avoiding clawback of European funding in procurements

The European Commission has recently published its Public Procurement Guidance for Practitioners on the avoidance of the most common errors in projects funded by the European Structural and Investment Funds ("the Guide"). We have helped...




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The European Single Procurement Document

On 6 January 2016, the European Commission published an implementing regulation establishing a standard form for the European Single Procurement Document (“ESPD”). The ESPD is one of the new features of EU procurement regulation introduc...




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Coronavirus – Medical devices and biocide – Europe

While medical professionals everywhere around the globe are working as hard as they can, both them as well as consumers are trying to get protective products to remain healthy and, where possible, prevent being contaminated. It is clear that in seve...




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European HR: cross-border employment law

This course considers strategic and practical issues that international HR professionals encounter, from methods to cut costs and improve business performance to contract and policy issues. We explain when HR and legal can support managers’ desire ...




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IHC HR e-briefing 123 - European case set to boost paternity rights

A new ruling from the Court of Justice of the European Union (CJEU) suggests fathers who take advantage of new rights to extended paternity leave from April next year could be entitled to the same rights and benefits from their employer as women who...




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IHC HR e-briefing 126: Two new European Court rulings on age discrimination

The Court of Justice of the European Union (CJEU) has handed down two important judgments on age discrimination this week. The first, on retirement, will be of interest to those employers deciding whether to retain a compulsory retirement age follow...




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IHC HR e-briefing 130 - Annual Limit for Non-European Workers

On 23rd November, the Home Secretary, Theresa May, made the long awaited announcement regarding the limits for workers from outside Europe which will come into effect in April 2011. In July 2010 interim limits were brought into effect to prevent a s...




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EBA publishes ambitious workplan for 2020, warning that it cannot be a ‘supervisor of supervisors’ and hinting that further centralisation may be the only way to ensure a ‘truly European approach’ to AML/CTF

As the European Banking Authority publishes a wide-ranging workplan for 2020, Zia Ullah and Ruth Paley explain the EBA’s role and its forthcoming programme, and take a look at the substance of the developments planned for the next twelve month...




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Credit and Financial Institutions take note of new opinion on risks of money laundering in the EU financial sector published by European Supervisors this week

As the three European Supervisory Authorities (ESAs) publish a new joint opinion on money laundering and terrorist financing (ML/TF) risks affecting the EU financial sector, Zia Ullah and Ruth Paley take a look at the key risks, noting ...






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R v Faltec Europe Ltd - Court of Appeal Guidance

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Delivering climate neutrality- the European Climate Law

On 4 March 2020, the European Commission adopted its eagerly awaited European Climate Law proposal which will enshrine into EU legislation the European Union’s commitment to achieve net zero greenhouse gas emissions by 2050 (the “2050 Ob...




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Combining sector knowledge and technical know-how to deliver largest unsubsidised wind farm in Europe

Eversheds Sutherland advises Glennmont on the sale of a minority stake in 211MW Finnish wind project Eversheds Sutherland has advised Glennmont Partners on its agreed sale of a 15% minority stake in Project Piiparinmäki, a 211.4MW wind farm, to...




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Six highlights of DAC6 – A new European Union information reporting regime

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Coronavirus - Import duty and VAT on medical supplies, equipment and protective clothing - Europe

In order to help in the fight against COVID-19, the European Commission has adopted a Decision, addressed to the Member States, which allows for tax authorities across Europe to offer import tax reliefs to importers of personal protective equipment ...




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HR e-briefing 397 - EU agrees major changes to European Works Councils

The European Parliament agreed to a new 'recast' version of the European Works Council (EWC) Directive on Monday 15 December and this was confirmed when MEPs voted in favour on Tuesday 16 December. The recast EWC Directive is now expected to be...




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New European Works Council legislation: what will it mean in practice?

The Government has responded to the 2009 European Works Council (EWC) Directive by publishing draft implementing Regulations and stating their intention to finalise them in 2010, but delay implementation until 5 June 20...




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Eversheds' HR e-briefing 508: Significant change for European Works Councils from 5 June 2011

There are over 900 European Works Councils (EWCs) providing for pan-European workplace consultation involving cross-border restructuring, mergers and transfers. While employers with EWCs have differing views on their success and relevance to date, l...




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Avoiding disruption. European guide to strikes and other industrial action

The European guide to strikes and other industrial action has been created by Eversheds Sutherland to provide you with a quickand easy reference when responding to threats of industrial action in 15 European countries. Click here to download the pub...




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Europe Launches Massive Campaign to Fund Coronavirus Vaccine

On Monday, European Commission President Ursula von der Leyen and a number of world leaders are launching a massive fundraising endeavor to raise money for tests, medicines and a vaccine for the coronavirus. Only one major country is missing in the effort.




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The Summer of Liberation: Germans Reflect on the Allies’ Arrival in Europe in 1945

After the Allies defeated Germany and ended World War II in Europe in summer 1945, peace finally prevailed on the Continent. The Germans were beaten, desperate and ashamed, but also ready to get back to normal life following the trauma. By DER SPIEGEL Staff




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Bank Holiday decision sees UK catch up with rest of Europe

Government plans to ensure that workers don't have to take Bank Holidays as part of their annual leave will see the UK start to catch up with its European counterparts in terms of holiday provision. Currently up to two million workers in the UK hav...




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Food Sector to face European cartel enforcement in 2014

The director of cartels in the EU’s antitrust department, Eric Van Ginderachter, stated last week that the food sector in Europe will see increased cartel enforcement activity in 2014 by the European antitrust regulator, the European Commission (“Co...




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European Commission aims to level the playing field between suppliers and large customers by introducing recommendations on unfair trade practices

European Commission aims to level the playing field between suppliers and large customers by introducing recommendations on unfair trade practices The European Commission recently adopted a Communication encouraging EU Member States to look at ways ...




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Open Consultation – UK Implementation of the European Electronic Communications Code

Precis The Department for Digital, Culture, Media & Sport (“DCMS”) have opened a consultation[1] which seeks stakeholder’s views on the proposed approach to the implementation of the European Electronic Communications Code Dire...




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The European Commission White Paper on Artificial Intelligence published

  Throughout 2019, we saw a growing promulgation of guidance, consultations and new laws across the world. In light of such a regulatory landscape beginning to form, there is growing debate as to whether or not Artificial Intelligence (“A...