As per the German Energy Industry Act (in force since 2005, and as amended in 2012) of the Federal Ministry for Economic Affairs and Energy , energy industry describes – among others – “a framework policy to enhance competition, security of supply and sustainable energy production”.

On the other hand, and in terms of EU, “the EU is actively promoting Europe’s transition to a low-carbon society, and is updating its rules in order to facilitate the necessary private and public investment in the clean energy transition. This should not only be good for the planet, but also good for the economy and good for consumers”. What is more, “through the European energy union, the EU is ensuring there is a greater coherence in all policy areas to meet the broad objectives of creating a reliable, affordable and sustainable energy system”.

On a global level, renewable sources of energy – particularly wind and solar- have grown at an unprecedented rate in the last decade and have consistently surpassed expectations. The growth of their deployment in the power sector has already outpaced that of any other energy source, including fossil fuels, which include oil, coal and natural gas. Renewables, in combination with energy efficiency, now form the leading edge of a far-reaching global energy transition.

This ongoing transition to renewables is not just a shift from one set of fuels to another. It involves a much deeper transformation of the world’s energy systems that will have major social, economic and political implications which go well beyond the energy sector. The term ‘energy transformation’ captures these broader implications (The Global Commission on the Geopolitics of Energy Transformation, http://geopoliticsofrenewables.org/).

Within this challenging and constantly changing framework our work cannot be deemed anything else but necessary and crucial. OIKONOMAKIS CHRISTOS GLOBAL LAW FIRM stands out as a beacon of legal guidance, as a solid and robust associate that can take you through the labyrinth of newly-fledged policies, while supporting your people, your business and your vision.