Smart Power | Exiting O&M agreements, grid constraints and managing supply chain risk
Published on 13th Jun 2023
Welcome to the latest edition of Smart Power, Osborne Clarke's specialist service for asset managers within the green energy sector. Below we discuss three key topical issues facing the sector.
Exiting O&M agreements
Every owner of or investor in renewable energy assets wants to ensure that their assets are maximised. Responsibility for asset maximisation and performance is often delegated via O&M contracts. But what if an O&M contractor doesn't perform? What rights do owners have and which risks and practicalities need to be addressed?
Managing grid constraints on generation projects
The crisis around available grid capacity is a key issue for those operating in the UK energy market. It is now common for new development projects to be offered connection energisation dates well into the 2030s, and this has damaging impacts on revenue streams and potential investment. But that does not need to mean a decade of delay – there are alternatives open to developers and asset managers who wish to avoid delay due to grid limitations
Distressed supply chains and how to manage risk
Supply chains have faced significant disruptions over the past couple of years, due to the Covid 19 pandemic, the war in Ukraine and turbulent global markets. Asset managers need to be aware of how best to manage disruption.