Distributed generation: the opportunities and how you can harness them
We recently gathered industry experts together for a discussion on the opportunities ahead in distributed generation. Afterwards, we talked to the experts about their predictions for the future and how this might impact on your business.
Australia's energy industry is changing rapidly, spurred by increasing political pressure, ongoing reforms at state and national level and a growing international focus on renewable energy
For more than two decades, the energy industry has been in a state of evolution, with disaggregation, corporatisation and privatisation breaking down traditional markets, creating major opportunities for investors, financiers and operators.
Allens has been at the forefront of major power and utilities and renewables projects across the region and has unrivalled depth of experience in Australia and Asia. Our advice to clients spans the full spectrum of this sector, whether helping governments plan and implement reform, or advising financiers, developers, operators and new entrants on the complex legal issues in the business of generation, transmission, distribution and supply.
Our power and utilities team is made up of leading specialists in renewable energy, electricity and gas industry regulation, competition policy, environmental regulation, industrial relations, mergers & acquisitions, project finance, corporate restructuring, privatisation and corporatisation.
Case study: State Grid acquisition of ElectraNet
The deal: State Grid acquisition of a 41 per cent stake in Electra Net.
Phases of project: Energy, regulatory issues, M&A, foreign investment, tax, competition.
The twist: Foreign Investment Review Board approval was needed before State Grid was able to put in an unconditional bid to buy the stake, being sold by the Queensland Government. If approval was not given, or was delayed, State Grid’s conditional bid would have put them at a considerable disadvantage to other potential buyers.
Benefits: State Grid was able to put in an unconditional sale bid.
Consider this structure when: An unconditional bid is the preferred option, or will give you an advantage during a sale bid.