Authors: Bronwyn Clarkson & Kelly Pain
After a 10 year application process and the longest case in Land Court history, the court this week recommended that the applications for permits associated with the $900 million New Acland Stage 3 expansion be refused.
The decision turned primarily on the potential impacts of the project on groundwater resources, with Member Smith stating clearly:
'Groundwater considerations are such that the revised Stage 3 project should not proceed given the risks to the surrounding landholders and the poor state of the current model.'
Groundwater considerations have certainly been front of mind for proponents, given the recent legislative changes in this space (for further detail, please see previous Carter Newell Energy & Resources newsletters, including ‘Water reforms now in full swing – are you compliant?’). This decision draws these issues into clearer focus for those directly affected and particularly those facing impending approval processes where groundwater impacts are to be addressed.
Author: James Plumb, May 2017
Part 2: Better mine rehabilitation for Queensland
As discussed in part one of this newsletter series, the Queensland Treasury Commission (QTC) undertook a ‘Review of Queensland’s Financial Assurance Framework’ (FA Review). In response to the FA Review, the Department of the Premier and Cabinet has released two discussion papers: ‘Financial Assurances Framework Reform’ and ‘Better Mine Rehabilitation for Queensland’ (Rehabilitation Discussion Paper).
The discussion papers form part of the Financial Assurance Framework Reform Package being considered by government.
In part one of this series, we reviewed the proposed financial assurance package of reforms. In this part two, we review the proposed mine rehabilitation requirements.
As the new European supermarket for wholesale electricity is upon us, we examine how the Irish government proposes to accommodate renewable energy.
Less than a year from today, Ireland will implement the Integrated Single Electricity Market (I-SEM), replacing the existing SEM which we have had since 2007. At present, the target date for go live implementation is 23 May 2018. For those of you within the industry who have been living under a rock for the past six years, this is a new Europe-wide trading platform for energy. The platform has been conceived against a background of intra-Europe cross-border trade that has personified the European Union's principles of free trade and integration.
The aim is to encourage more efficient electricity flows across Europe with the introduction of short term day ahead and intra-day trading.
The Regulation on Renewable Energy Resources (“Regulation”) that regulates the procedures and principles for identification, evaluation, and utilization of renewable energy resource areas that is prepared with the intention to support the development of generation facilities, and to finalize the investments on renewable energy resources in due time with the contribution of state incentives, entered into force and published in Official Gazette dated October 9th, 2016 and numbered 29852. The Regulation on Determination, Evaluation, Protection and Utilization of Renewable Energy Resource Areas in relation to Electricity Generation published in the Official Gazette dated 27 November 2013 and numbered 28834 is repealed with the entrance into force of this Regulation. This newsletter article examines the provisions of the Regulation in question.
With the intention of finalizing the investments on renewable energy resources in due time with the contribution of state incentives regarding locally produced equipment, the Draft Regulation on Renewable Energy Resource Areas prepared with the purpose of annulling the Regulation on Determination, Evaluation, Protection and Utilization of Renewable Energy Resource Areas in relation to Electricity Generation published in Official Gazette dated 27 November 2013 and numbered 28834 was published.
The purpose of Draft Regulation on Renewable Energy Resource Areas (“Draft”) is to provide the productive utilization of resources, completion of investments efficiently and domestically, and procurement of equipment to be used in electricity generation facilities, by establishing large-scaled energy resource areas on the lands allocated that are public, treasury and private properties. This newsletter article examines the provisions of the Draft Regulation in question.