Power

Energy & Resources

Energy & Resources » Power

Progress in the development of renewable energy generation continues to be influenced by the politics of emissions trading and carbon tax, and the desire for more renewable sources of viable power generation.

Whilst the vibrant debate around transitional arrangements for carbon intensive participants (including coal-powered generators) will continue, as carbon intensity is increasingly reflected in the price of energy (in particular energy generated by coal fired power stations), the price competitiveness of renewable energy will increase. Whilst Europe continues at pace to develop further renewable power generation, Australia, with its abundant supplies of thermal coal, understandably, is unlikely to match Europe in the near term.

Paradoxically, it may be that the very abundance of thermal coal will provide the impetus that Australia needs to move towards the levels of renewable energy generation seen in Europe as export price parity for thermal coal drives up the price of coal, and as such, electricity and carbon is priced through the carbon tax.

Corrs has long standing and significant expertise in coal, gas and renewable power station developments and operation. In addition to development and operational expertise, Corrs’ team advises on the commercial impact of Renewable Energy Certificates (RECS) and electricity trading, and the regulatory environment.

Click here to view our Australian Energy Sector Update, a monthly publication focussing on industry insights and trends.

Our Experts

BALCHIN Adam website grey SIZED TH

Adam Balchin

Special Counsel Location Brisbane Profile
Andrew Chew.jpg

Andrew Chew

Partner Location Sydney Profile
McCORMACKAndrewwebsitegreyfakeSIZEDTH.jpg

Andrew McCormack

Partner Location Brisbane Profile
Ben Davidson.jpg

Ben Davidson

Partner Location Melbourne Brisbane Profile
Bruce Adkins.jpg

Bruce Adkins

Partner Location Brisbane Profile
Clare Corke.jpg

Clare Corke

Partner Location Brisbane Profile
LOCKHART Colin website grey SIZED TH

Colin Lockhart

Counsel Location Perth Profile
HIDER Jane website TH

Jane Hider

Partner Location Melbourne Profile
WIGGINS Jen website grey SIZED TH

Jen Wiggins

Consultant Location Perth Profile
KING Jeremy website grey TH

Jeremy King

Partner Location Melbourne Profile
John Walter.jpg

John Walter

Partner Location Melbourne Profile
MUIR Matthew website grey SIZED TH

Matthew Muir

Partner Location Brisbane Profile
Michael Mcginley.jpg

Michael MacGinley

Partner Location Brisbane Profile
THORNE Nick FULL SIZE 90x130

Nick Thorne

Special Counsel Location Brisbane Profile
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Nigel Duffield

Special Counsel Location Melbourne Profile
FRANCIS Scott website grey SIZED TH

Scott Francis

Special Counsel Location Brisbane Profile
MILLS Vaughan SF

Vaughan Mills

Partner Location Brisbane Profile

Our Experience

Australasian Legal Business Awards 2012 Energy & Resources Deal of the Year - Peabody’s US$5.2 billion hostile takeover of Macarthur Coal

In one of the largest ever coal takeovers in Australia, Peabody acquired Macarthur Coal for US$5.2 billion. Corrs advised Macarthur Coal throughout the transaction which involved several complex elements including a joint bid vehicle arrangement between Peabody and Macarthur’s second largest shareholder ArcelorMittal – the world’s largest steelmaker.

Initially a hostile takeover, Peabody reached the 90 per cent compulsory acquisition threshold within 13 weeks of the offer opening and finally acquired 100 per cent of Macarthur shares in December 2011.

More

Perth Biomass Power Station Project

Corrs continues to act for Pacific Energy as the sponsor of the Perth Biomass Power Station Project. We have advised on all aspects of the project, including the procurement of fuel (forest plantation residue), fuel transportation, advice on the power purchase agreement, the EPC Contract, the equity arrangements and the project financing arrangements for the development of a 40/45 MW renewable energy power station.

Our Thinking

Doing Business in Australia

Australia is an exceptional place in which to do business. Find out how we can help you develop your business in Australia.

More Download

Here comes the sun: Funding for solar energy will fast-track Australia’s renewable future

Australia’s solar industry is ripe for investment with new government-backed support and funding.

More

Renewable revolution: Clean energy on the cusp of being cheaper and smarter

Australian technology businesses and researchers are helping drive the increasing uptake in renewable energy technology in Australia.

More

What are the implications of the NSW electricity price discount for TransGrid investors?

Potential bidders should consider the operation of the electricity price guarantee carefully.

More

What Queensland’s new government will mean for the resources sector

Tough market conditions means government policy will be increasingly critical to the industry.

More

Are there ‘real changes’ ahead for Australia’s mining sector?

Tony Abbott has declared Australia is ‘open for business’ but will the Coalition’s promises translate to real change?

More

New clarity on compensation for landowner time

The Land Court has confirmed the current statutory position in relation to landowner time for resources compensation.

More

Electricity privatisation in NSW - An update

It has been just over a year since the NSW Government passed the Electricity Generator Assets (Authorised Transactions) Act 2012 to facilitate the sale of the remaining State-owned electricity generation assets

More

BYO biomass - Bioenergy production in the agribusiness sector

Agricultural by-products are tipped to become a pivotal source of renewable energy in the future.

More

Do resources companies have to compensate land owners for their time?

Do Queensland land owners have a right to compensation for the time they spend negotiating conduct and compensation agreements?

More

Hydro Tasmania: The benevolent monopolist?

Tasmania has opened up its electricity market to new retailers, but will anyone come to the party?

More

Energy White Paper 2012: Managing peak electricity demand - Who should pay to keep you cool this summer?

Proposed reforms to manage peak demand for electricity will be as unpopular as they are necessary.

More

Energy White Paper 2012: The challenge of transforming to a clean energy future

Are the White Paper’s bold predictions for a clean energy future viable, particularly given the reliance on carbon capture and storage?

More

Energy White Paper 2012: Will Australia’s high cost disease prove terminal?

When it comes to energy it's too easy to assume Australia is sitting pretty.

More

Renewable Energy: Is 20% by 2020 really achievable?

The NSW Government is committed to 20% renewable energy by 2020 but are the State’s environmental and planning laws a roadblock to renewable energy development?

More Download

Carbon Pricing Mechanism - Renewable Energy and Clean Technology

The renewable energy and clean technology sectors will receive a substantial boost under the Government’s climate change plan.

More

The great Indian coal rush

Energy ravenous India is set to drive demand for Australian thermal coal.

More

Carbon Farming Initiative gives boost to bioenergy development

The introduction of the Carbon Farming Initiative (CFI) may boost bioenergy development in Australia, particularly in the waste-to-energy sector.

More

Our Experience

Australasian Legal Business Awards 2012 Energy & Resources Deal of the Year - Peabody’s US$5.2 billion hostile takeover of Macarthur Coal

In one of the largest ever coal takeovers in Australia, Peabody acquired Macarthur Coal for US$5.2 billion. Corrs advised Macarthur Coal throughout the transaction which involved several complex elements including a joint bid vehicle arrangement between Peabody and Macarthur’s second largest shareholder ArcelorMittal – the world’s largest steelmaker.

Initially a hostile takeover, Peabody reached the 90 per cent compulsory acquisition threshold within 13 weeks of the offer opening and finally acquired 100 per cent of Macarthur shares in December 2011.

Perth Biomass Power Station Project

Corrs continues to act for Pacific Energy as the sponsor of the Perth Biomass Power Station Project. We have advised on all aspects of the project, including the procurement of fuel (forest plantation residue), fuel transportation, advice on the power purchase agreement, the EPC Contract, the equity arrangements and the project financing arrangements for the development of a 40/45 MW renewable energy power station.

Our Thinking

Doing Business in Australia

Australia is an exceptional place in which to do business. Find out how we can help you develop your business in Australia.

Here comes the sun: Funding for solar energy will fast-track Australia’s renewable future

Australia’s solar industry is ripe for investment with new government-backed support and funding.

Renewable revolution: Clean energy on the cusp of being cheaper and smarter

Australian technology businesses and researchers are helping drive the increasing uptake in renewable energy technology in Australia.

What are the implications of the NSW electricity price discount for TransGrid investors?

Potential bidders should consider the operation of the electricity price guarantee carefully.

What Queensland’s new government will mean for the resources sector

Tough market conditions means government policy will be increasingly critical to the industry.

Are there ‘real changes’ ahead for Australia’s mining sector?

Tony Abbott has declared Australia is ‘open for business’ but will the Coalition’s promises translate to real change?

New clarity on compensation for landowner time

The Land Court has confirmed the current statutory position in relation to landowner time for resources compensation.

Electricity privatisation in NSW - An update

It has been just over a year since the NSW Government passed the Electricity Generator Assets (Authorised Transactions) Act 2012 to facilitate the sale of the remaining State-owned electricity generation assets

BYO biomass - Bioenergy production in the agribusiness sector

Agricultural by-products are tipped to become a pivotal source of renewable energy in the future.

Do resources companies have to compensate land owners for their time?

Do Queensland land owners have a right to compensation for the time they spend negotiating conduct and compensation agreements?

Hydro Tasmania: The benevolent monopolist?

Tasmania has opened up its electricity market to new retailers, but will anyone come to the party?

Energy White Paper 2012: Managing peak electricity demand - Who should pay to keep you cool this summer?

Proposed reforms to manage peak demand for electricity will be as unpopular as they are necessary.

Energy White Paper 2012: The challenge of transforming to a clean energy future

Are the White Paper’s bold predictions for a clean energy future viable, particularly given the reliance on carbon capture and storage?

Energy White Paper 2012: Will Australia’s high cost disease prove terminal?

When it comes to energy it's too easy to assume Australia is sitting pretty.

Renewable Energy: Is 20% by 2020 really achievable?

The NSW Government is committed to 20% renewable energy by 2020 but are the State’s environmental and planning laws a roadblock to renewable energy development?

Carbon Pricing Mechanism - Renewable Energy and Clean Technology

The renewable energy and clean technology sectors will receive a substantial boost under the Government’s climate change plan.

The great Indian coal rush

Energy ravenous India is set to drive demand for Australian thermal coal.

Carbon Farming Initiative gives boost to bioenergy development

The introduction of the Carbon Farming Initiative (CFI) may boost bioenergy development in Australia, particularly in the waste-to-energy sector.

Our Experts

BALCHIN Adam website grey SIZED TH

Adam Balchin

Special Counsel Brisbane +61 7 3228 9531
Andrew Chew.jpg

Andrew Chew

Partner Sydney +61 2 9210 6607
McCORMACKAndrewwebsitegreyfakeSIZEDTH.jpg

Andrew McCormack

Partner Brisbane +61 7 3228 9860
Ben Davidson.jpg

Ben Davidson

Partner Melbourne +61 3 9672 3500
Bruce Adkins.jpg

Bruce Adkins

Partner Brisbane + 61 7 3228 9431
Clare Corke.jpg

Clare Corke

Partner Brisbane +61 7 3228 9318
LOCKHART Colin website grey SIZED TH

Colin Lockhart

Counsel Perth +61 8 9460 1713
HIDER Jane website TH

Jane Hider

Partner Melbourne +61 3 9672 3218
WIGGINS Jen website grey SIZED TH

Jen Wiggins

Consultant Perth +61 8 9460 1784
KING Jeremy website grey TH

Jeremy King

Partner Melbourne +61 3 9672 3431
John Walter.jpg

John Walter

Partner Melbourne +61 3 9672 3501
MUIR Matthew website grey SIZED TH

Matthew Muir

Partner Brisbane +61 7 3228 9816
Michael Mcginley.jpg

Michael MacGinley

Partner Brisbane +61 7 3228 9391
THORNE Nick FULL SIZE 90x130

Nick Thorne

Special Counsel Brisbane +61 7 3228 9342
DUFFIELDNigelwebsitegreySIZEDTH.jpg

Nigel Duffield

Special Counsel Melbourne +61 3 9210 3291
FRANCIS Scott website grey SIZED TH

Scott Francis

Special Counsel Brisbane +61 7 3228 9495
MILLS Vaughan SF

Vaughan Mills

Partner Brisbane +61 7 3228 9875