The Renewable Energy Sector: All Powered Up

Faced with the threat of a serious electricity deficit that may occur in the near future, the Government appears to be encouraging the private sector to invest in the energy industry. Recent developments explicitly demonstrate the private sector's interest and appetite for investing in energy generation, especially for the construction of power generation plants employing renewable energy sources.

License Applications Regarding Wind-Powered Energy Generation Plants

In the past, the Energy Market Regulatory Authority (the "EMRA") refused any wind-energy based license applications as it was in the process of monitoring investment developments of current license holders. Apparently, the EMRA did not see much progress on pending investments. It responded by adopting a decision on 4 October 2007 to accept new license applications for wind-powered energy generation plants ("WPEPs") on 1 November 2007. On