The global decarbonisation trend poses new challenges to large local and multinational producers. Many companies, especially those operating in the industries with the highest CO² emissions, are urged to turn business green and implement new technologies and procedural codes.
The governments sponsor urgent transition to a non-carbon economy nationally and worldwide. The decarbonisation agenda has been driven by the European Green Deal and the perspective of the carbon border adjustment mechanism (CBAM) in the EU – the tax on import to the EU is imposed to compensate for damage by carbon-generating producers.
Carbon emission tax will likely grow internationally and incentivize businesses to decrease their environmental footprint by cutting greenhouse gas emissions and using energy efficiency technologies.
As a legal adviser with particular expertise in energy and renewable energy, tax and financing, INTEGRITES offers sophisticated solutions for businesses that want to become carbon neutral.
We offer the capacity of 6 partners and 25 lawyers within the firm’s Climate Change Task Force to work in projects on:
Trading of energy generated from renewable sources
We help the exporters to the EU with procuring RES power on the auctions by the Guaranteed Buyer’s balancing group and RES power certificates. The exporters, thus, become exempt from CBAM.
Green financing: IFIs, green bonds, emissions trading
Our team helps Ukrainian businesses and public entities to finance their projects with international financial institutions (EBRD, EIB, IBRD, IFC etc.) and other impact finance organizations who has been turning away from the fossil fuels towards transitional and alternative energy sources.
System flexibility: storage and maneuvering capacities
Ukraine’s electricity grid and traditional generation assets lack the efficacy to absorb all of the RES volatile output. We drive the implementation of the state aid mechanism and the contemplated public-private partnerships to satisfy the huge demand for the demand-supply matching instruments: energy storage and fast-start generation. We advise the policymakers, investors and OEM suppliers on business models and the technical side of implementing modern technology in Ukraine’s United Energy System.
Upgrade of energy efficiency: generation and industry use
We support conversion and refitting of the utilities at the industrial scale, in particular, in Ukraine’s vast steel sector. Our team was the first to introduce Energy Performance Contract Guaranteed Savings between ESCO (energy savings company) and local public authority to Ukraine.
Policy framing and advocacy: alternative fuels, energy storage, green hydrogen, tax incentives
Our team has been counselling NGOs, businesses and governmental institutions on the legal framework and policy development regarding energy storage, in particular, chemical accumulators and alternative fuels, including hydrogen. We have initiated and led a series of public discussion events regarding hydrogen production strategy goals and relevant legal instruments. Our team is active in advocating tax incentives concerning alternative energy sources.
Development of renewables
Read here about our expertise in energy and renewables.
€ 1.5 bln
Acquisition of a Ukrainian wind power developer
First large scale project financing in renewable energy in Ukraine
Building up renewables pipeline: 750 MW wind project in Zaporizhzhia
Financing for the largest onshore wind farm in Europe
The second phase of Syvash wind project financing agreement €107.6 million worth
500 MW wind farm
€ 1-2 bln
Project related to construction of several generation and co-generation power plants and implementation of electricity supply security
EU Commission assistance to NSSMC
Acting in consortsium with PwC EU Services EESV and Correggio Consulting Ltd for Delegation of European Commission in Ukraine to assist the Ukrainian securities markets regulator in improving energy commodity markets, including organized trading for commodity products, in Ukraine
The world’s leading steel and mining company operating in 60 countries
Successful representation of the client in the multi-million tax disputes against the State Tax Service of Ukraine