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12 juillet 2021
Publication series – 59 de 66 Publications
Renewable Energy Wrap-Up - Germany
- Briefing
With our Corporate Energy @TW series, we aim to shed light on current developments and topical issues in the renewables sector across different jurisdictions. Taylor Wessing’s international industry group Energy & Infrastructure contains more than 50 experts in 16 locations. Being active in the field of renewables transactions and financing for more than a decade, we have built a substantial track record and are in 4th place worldwide in the Clean Energy League Tables 2021 by number of clean energy M&A deals.
Question: What are the most important current developments in the field of renewable energy transactions and financing?
Response: In Germany, we are increasingly occupied with large-scale and large-volume solar parks, mostly still in early development phases (regularly 50 MWp and larger up to 200 MWp). This development goes along with a decreasing supply of land and additional public-law restrictions on land use. At the same time, the demand especially from large industrial electricity consumers for the supply of very substantial quantities of green electricity is increasing continuously. As a result, long-term electricity supply contracts are relevant primarily in the PV sector.
In the onshore wind sector, green power purchase agreements are currently only an issue for plants after the end of the subsidization period due to the still relatively attractive subsidies and the lack of area limitations compared to solar PV. PPAs are of course also topical in the offshore wind sector, not least due to the "0 EURO auction results" from the last German offshore tenders. With respect to project finance, in contrast to subsidized projects (e.g. onshore wind farms), the challenge for the implementation of (large-volume) PPAs lies in securing the necessary financing (higher share of equity required).
In general, observing the interplay of further developing supply and at the same time massively increasing demand and advising against this turbulent market development is a fascinating task. This interplay has inevitably stimulated the transaction business in an exciting fashion.
Question: What market developments can we expect to see towards the end of 2021?
Response: We expect transaction activity in Germany to remain high. The demand for suitable investment projects in the renewable energy sector is not only unbroken, it continues to rise. The trend for investors to invest beyond the borders of their own jurisdiction also continues to grow. The increasing demand for solar PV and onshore wind projects in Germany has meant that we have been seeing an increase in transactions abroad for several years, initially in Spain and Italy, especially in the Scandinavian countries, and now also increasingly in Eastern Europe.
Question: What is your personal "game changer" or "highlight" in the field of renewable energies since the beginning of 2021?
Response: The decision of the Federal Constitutional Court on the unconstitutionality of the German Climate Protection Act was highly important, arguing that the legislator should not leave the greater burden of dealing with the climate crisis to future generations. Against this background, the Climate Protection Act is shall be quickly amended, and a first government draft is available. Industry, especially the energy-producing industry, is shall be assigned much more far-reaching reduction targets than before. However, the draft law explicitly leaves open how players in the industry actually realize these targets. The issue of how the demand for clean energy is to develop at the necessary speed (not to mention cost issues) in view of the current legal environment and the possibilities for expansion, which is also of particular concern to the economy, remains open.
In an "immediate action programme", which is currently being coordinated among the ministries, the federal government has set higher expansion targets for wind and solar energy - but once again these are non-binding. Urgently needed planning security for the affected economic sectors (i.e.: all of them) is missing (more on this topic in our Insight).
The ruling of a Dutch court against Shell at the end of May 2021 was also groundbreaking. For the first time, a multinational company was legally obliged to protect the climate; we can assume this ruling will have a signal effect. The question of whether individuals have a claim to climate protection against companies and states and can assert this claim may have far-reaching and not fully assessable (legal) consequences.
Finally, there were also important developments at a European level at the end of April 2021. The Commission presented a package of measures to incentivise more investment in sustainable activities. The package, part of the European Green Deal, includes the delegated regulation on EU climate taxonomy, a proposed directive on corporate sustainability reporting, and amending acts on fiduciary duties and on investment and insurance advice.
Do you have any questions or are you interested in an (interdisciplinary) exchange with our Corporate Energy team? We look forward to talking to you!
Dans cette série
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FIDIC – An introduction to the FIDIC Suite 2017
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The Renewable Energy Expansion Acceleration Act – a boost for the energy transition in Austria?
23 septembre 2025
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Federal Network Agency discussion paper on reforming grid fees for industry and commerce
25 septembre 2025
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German-Dutch Treaty on Cross-Border Energy Projects
18 septembre 2025
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Energy communities in Austria and the new Electricity Industry Act (ElWG)
15 septembre 2025
New amendment to the Energy Industry Act (EnWG) introduced in July and August 2025
8 septembre 2025
Clean Industrial Deal State Aid Framework (CISAF) – a new state aid framework for the green transformation of industry
8 septembre 2025
par Dr. Michael Brüggemann, Johannes Schaadt-Wambach, LL.M. (Prag)
Industrial electricity prices: initial assessment and opportunities for businesses
18 août 2025
par Johannes Schaadt-Wambach, LL.M. (Prag), Dr. Markus Böhme, LL.M. (Nottingham)
Regulatory Framework for Transmission System Operators in Germany
18 août 2025
par plusieurs auteurs
Court ruling on the effectiveness of availability guarantees for wind turbines
31 juillet 2025
New Legal Framework for the Commercial Use of Carbon Capture and Storage (CCS) and Carbon Capture and Utilisation (CCU)
11 juillet 2025
par plusieurs auteurs
Are offshore wind converter platforms a bottleneck in the energy transition? New German government wants to create production capacities at German shipyards
17 juin 2025
par plusieurs auteurs
Speeding up the energy transition - the new German government’s plans for gas and steam power plants and its quest for the right technology for renewable energy
8 mai 2025
par plusieurs auteurs
Update - Change of government opens the door to carbon capture and storage and carbon capture and utilisation
17 avril 2025
par plusieurs auteurs
The special fund for infrastructure and climate protection - what is next?
10 avril 2025
par plusieurs auteurs
Changes to CBAM through Omnibus legislative package
10 avril 2025
The role of heat probes in the energy transition: Authorisation procedures and potential
26 mars 2025
CJEU judgement on customer installations in accordance with Section 3 No. 24a Law on the Energy Industry EnWG
26 mars 2025
par Dr. Markus Böhme, LL.M. (Nottingham), Dr. Christian Ertel
Will the new German government open the door for carbon capture and storage?
26 février 2025
par plusieurs auteurs
Waste heat from data centres - new reporting obligations under the EnEfG
6 février 2025
par plusieurs auteurs
Rabigh 2 Solar Independent Power Project (IPP)
11 décembre 2024
Oman and Belgium Sign Landmark MoU on Green Hydrogen Cooperation
11 décembre 2024
Decision day: Grid fee exemption in customer systems and energy price brake put to the test
28 novembre 2024
par Dr. Christian Ertel, Dr. Markus Böhme, LL.M. (Nottingham)
BGH: Balance sheet allocation of electricity withdrawals at higher voltage levels in the event of supplier failure - recommended action for grid operators
11 novembre 2024
Hydrogen core network - The Federal Network Agency’s strategy for the energy transition
11 novembre 2024
par plusieurs auteurs
Amendment to the Energy Industry Act: changes for energy supply companies and grid and system operators
18 septembre 2024
par Dr. Christian Ertel, Dr. Markus Böhme, LL.M. (Nottingham)
Standard Essential Patents: A new challenge for the IoT and smart meter world
10 septembre 2024
Land acquisition and data protection: The importance of the GDPR when project developers request owner data
18 juillet 2024
par Dr. Patrick Vincent Zurheide, LL.M. (Aberdeen), Dr. Julia Wulff
Municipalities to share profit in wind turbines and ground-mounted photovoltaic systems
11 juillet 2024
par plusieurs auteurs
Solar Package I - Overview of Changes to Ground-Mounted and Building-Mounted PV Systems
27 mai 2024
Mandatory special charge for open space photovoltaic systems in Brandenburg
21 février 2024
par plusieurs auteurs
A new era for wind energy investments in Hungary
Power Play: Renewable Energy Update
26 janvier 2024
Updating the National Hydrogen Strategy
6 novembre 2023
par Dr. Niels L. Lange, LL.M. (Stellenbosch), Dr. Janina Pochhammer
The new CO2 border adjustment mechanism (Carbon Border Adjustment Mechanism - “CBAM”) - first statutory reporting obligations set for January 2024
Power Play: Renewable Energy Update
3 novembre 2023
New IT security requirements for the energy sector
Power Play: Renewable Energy Update
1 septembre 2023
par Dr. Paul Voigt, Lic. en Derecho, CIPP/E, Alexander Schmalenberger, LL.B.
Does monument protection hinder the expansion of renewable energies?
Power Play: Renewable Energy Update
16 août 2023
The amending law to strengthen digitisation in the urban land use planning process and the further expansion of renewable energies
Power Play: Renewable Energy Update
6 juillet 2023
Challenges for data center operators - The federal government’s draft bill for an energy efficiency act
Power Play: Renewable Energy Update
12 avril 2023
par plusieurs auteurs
The Energy Charter Treaty in the Light of the Electricity Price Brake: An opportunity for investors to litigate?
27 janvier 2023
Ordinance for Determining Critical Infrastructures (KritisV): Renewable energy plants as critical infrastructure and requirements for IT protection
Power Play: Renewable Energy Update
12 juillet 2022
par Dr. Paul Voigt, Lic. en Derecho, CIPP/E, Dr. Markus Böhme, LL.M. (Nottingham)
Liquefied Natural Gas Projects in Germany: The LNG Acceleration Act
Q&A series: Energy & Infrastructure
10 juin 2022
Participation of local municipalities in the context of wind and photovoltaic projects
Power Play: Renewable Energy Update
5 mai 2022
Renewable Energy Wrap-Up – France
Power Play: Renewable Energy Update
27 avril 2022
Renewable Energy Wrap-Up - United Kingdom
Power Play: Renewable Energy Update
15 mars 2022
Building energy performance: the revised Energy Performance of Buildings Directive
Power Play: Renewable Energy Update
14 février 2022
Fit for 55 – Hydrogen and the Reform of the European Gas Market
Power Play: Renewable Energy Update
11 janvier 2022
Renewable Energy Wrap-Up – Netherlands
Power Play: Renewable Energy Update
2 décembre 2021
Renewable Energy Wrap-Up – Poland
Power Play: Renewable Energy Update
21 septembre 2021
par Olav Nemling
Renewable Energy Wrap-Up – Austria
Power Play: Renewable Energy Update
18 août 2021
Renewable Energy Wrap-Up - Germany
Power Play: Renewable Energy Update
12 juillet 2021
par Carsten Bartholl
Floating Foundations for Offshore Wind Farms
Power Play: Renewable Energy Update
8 juin 2021
Species protection exemption: Significance for wind energy
Power Play: Renewable Energy Update
25 mai 2021
Power-to-Hydrogen
Power Play: Renewable Energy Update
6 avril 2021
Focus PV – Floating Solar and Agrivoltaics
Power Play: Renewable Energy Update
23 mars 2021
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