Renewable energy regulation and legislation
We provide legal support to help you face any challenge
Professional legal services has become a cornerstone of Vector Renewables. The company’s steady growth, and by extension the growth of its client base, has created a growing demand for legal services.
In its efforts to offer a premium and comprehensive service, Vector Renewables is committed to giving its legal department the boost it needs to work independently as a division that can meet its clients’ legal needs.
Evidence of this shift is the vast experience of the company’s legal department team, which has a proven background in areas that include corporate and commercial law, mergers and acquisitions, regulatory law and financial law, combined with its experience in a range of markets around the world.
Our legaladvisory services
Energy industry regulation
Vector offers legal assistance in this field to both national and international clients.
The collaboration between our legal and technical divisions means that we can provide support during the negotiation, drafting and review of all renewable energy project contracts, providing advisory services in all those jurisdictions where VR has an office.
The teamwork between the different divisions, combined with Vector’s extensive experience, means that we can support the client in the event of any possible risks that may arise during the course of the project.
- Review, negotiation, drafting, analysis and execution of EPC, Operation and Maintenance (O&M), PPA and Market Agent contracts.
- Negotiation and contracting of insurance policies required for renewable energy projects.
- Communication with the Comisión Nacional de los Mercados y la Competencia (CNMC), a Spanish independent competition regulator responsible for enforcing competition law.
- Ownership change of permits, licenses and administrative authorizations.
Corporate restructuring processes
The majority of operational energy projects in the Spanish market fall under what’s called the Special Scheme, covered by the financial system established in Chapter IV of Royal Decree 661/2007, which regulates electricity production under this Special Scheme.
Following the entry into force of Electricity Industry Law 24/2013 of 26 December 2013, corporate restructuring process became an extremely attractive options in terms of cost savings under the current regulatory framework.
This is why at Vector Renewables we offer our expertise and proven experience in the renewable energy industry to ensure that companies engaged in this type of process have a thorough understanding of the legal implications that could affect the transaction. Some of the services we offer include:
- Corporate group restructurings.
- Acquisition financing.
- Purchase and sale of shares and assets.
- Capital increases and contributions of assets and business lines.
- Mergers, spin-offs and other structural modifications.
- Company liquidations.
Due Diligence
Due diligence to assess a renewable asset is a process that allows us to identify, evaluate and mitigate potential risks and their impact before the asset is purchased, financed, refinanced, etc.
Vector Renewables offers this type of support during both the development/construction phase and at any time during the asset’s useful life, its skill at assessing and defining these potential risks from a legal and technical standpoint giving it a competitive advantage over other service providers.
Our technical and legal teams work hand in hand to deliver a comprehensive, accurate overview of the project status. VR also gives clients the confidence they need to make informed, strategic decisions at every stage of the project, resulting in more effective management and a greater chance of long-term success.
More than just an essential tool for assessing risks and opportunities, due diligence also acts a compass that guides the client towards the achievements of its business objectives. Our legal team is on hand to support you throughout the entire acquisition or transfer process, from due diligence and negotiations to the exit strategy and post-integration issues.
Legal due diligence usually involves assessment of the following areas:
- Corporate due diligence
- Commercial contract due diligence
- Real estate due diligence
- Regulatory due diligence
Our legal team is multidisciplinary and includes financial, tax and technical experts (as well as legal experts), making it the perfect fit for the specific type of due diligence you need.
Corporate law - Corporate advisory services
promoting transparency, effective decision-making and investor confidence.
VR offers corporate governance/general secretary services that cover all related activities, including directorship services at the client’s request both in Spain and abroad.
We have extensive experience in advising companies on corporate issues as both secretaries of a company’s Board of Directors and as legal advisors. Our main corporate services include:
- Establishing companies/other type of organizations.
- Shareholder’s agreements.
- Drafting of by-laws and regulations.
- Corporate governance.
- Assistance to Board of Directors and Shareholders’ Meetings.
- We provide support for the negotiation, drafting and review of all types of commercial contracts.
Our corporate advisory services include contract analysis and interpretation, risk identification/mitigation, as well as legal reports on their validity, scope and content. Some of our leading commercial services include:
- National and cross-border commercial contracts.
- Strategic alliances and joint ventures.
- Co-development contracts.
