|Dear clients and cooperation partners,
Please find enclosed a copy of recently published guide to financial incentives for the development and operation of renewable energy generation capacity in the Baltics and Belarus which was produced jointly with international law firm Clifford Chance.
New renewable generation capacity is set to increase considerably across Estonia, Latvia and Lithuania due to the EU requirement that 20% of energy be produced from renewables by 2020. Belarus Government's energy strategy also includes significantly increasing use of energy from renewable sources. However, the high cost of developing renewable generation capacity means that fossil-fuelled power generation remains attractive due to its predictable output, low capital outlay and low maintenance costs.
The governments in the Baltics and Belarus have adopted various measures to encourage the deployment of renewables and to overcome barriers to further deployment.
The enclosed guide analyses those measures and barriers and provides a brief overview of the specific mechanisms employed across the Baltics and Belarus.
If you would like to receive further hard copies of the guide for your colleagues, or arrange a meeting with us to discuss the issues in more depth, please do not hesitate to contact us.