Overview

This review by Mayer Brown covers recent amendments to the Renewable Energy Law in China and its impact on thermal power generations. It also provides commentary on the changing demand for LNG in Chile, the rise of Kurdistan as an attractive region for foreign investment and the changing dynamic of leasing finance.

China’s over reliance on thermal power generation, especially coal-fired power stations, is well-documented. While nuclear power continues as an option to coal, China’s strides in renewable energy are unprecedented. Recent amendments to the Renewable Energy Law, first promulgated in 2006, attempt to rationalize the regulatory regime governing wind, solar, hydro¬power and biomass projects in China, currently fraught with inadequate interconnection and tariff shock issues.

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