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Energy and Infrastructure Advisory

Thought leadership

​​​​JLL's Energy and Infrastructure Advisory team have detailed knowledge of the regulatory landscape and periodically provide their opinions on emerging trends in the sector. Please read below for our expert view on the latest developments in the renewable energy industry.

Renewables Outlook 2016 - Bracing Against Change | January 2016

Following the Conservative election victory in May 2015 there has been a clear move by the Government to redefine policy for supporting renewables in the UK. This shift in focus represents a major change in emphasis for delivering on the UK’s low carbon objectives and has important implications for the wider energy sector – read “Renewables Outlook 2016 - Bracing against change”

Onshore Wind in a Subsidy Free World | July 2015

The early close of the Renewables Obligation (“RO”), removal of LECS and strong rumours of a reduction or even removal of support for onshore wind in the next Contracts for Difference (“CfD”) auction mean future onshore wind projects must demonstrate commercially viability without subsidies.

Merchant wind represents the prospect of financing onshore wind projects without subsidies based solely on selling power in the wholesale market. In this brief we review how this can be facilitated from a property perspective and the implications for land rent and the anatomy of a lease – read “Onshore Wind in a Subsidy Free World”

Nimbyism, Budgets and Big Power | July 2015

The surprise victory for the Conservative Party in the recent general election has led to the new Energy Secretary, Amber Rudd, making decisive statements about her party's intentions regarding the future direction of UK energy​​ policy including the removal of subsidies for new onshore wind projects. In this brief we review the impact of the proposed policy changes on the UK renewables sector - read "Nimbyism, Budgets and Big Power".

Solar PV: Shedding Light on the Opportunities | October 2014

This paper has been prepared by JLL with Solarcentury for the purpose of considering the impact of rooftop solar photovoltaic (PV) installations on the financial performance of commercial property. The aim is to explain the use of solar PV in the context of commercial property and then principally consider the relevant valuation methodology that can be used to ascertain the impact on property values. The paper explains how solar PV works, the current market context, relevant valuation methods with case studies and key attributes and risks - read "Solar PV​ - Shedding Light on the Opportunities".

JLL Renewable Investment | September 2014

JLL’s Energy and Infrastructure Advisory team reports increasing investor appetite in UK offshore wind energy and anticipates new interest in the wider renewable energy sector from Asian investors. It’s the world’s largest offshore wind market, set to more than double in size before 2020, but institutional investors have long been reluctant to dip their toes into UK waters - read "JLL Renewable Investment".

UK Onshore Wind Investment Activity | January 2014

In November 2013 the Government issued an update to its UK Renewable Energy Roadmap to give investors and developers better visibility on the government’s ambitions for the renewable energy sector up to 2020. In this brief we review recent developments in the UK onshore wind market and comment on emerging trends expected to influence investor appetite in 2014 - read "UK Onshore Wind Investment Activity". ​

Contracts for Difference - Government publishes revised strike prices | December 2013

DECC recently announced onshore wind and solar support levels under the new Contracts for Difference (“CfD”) support mechanism will be revised downwards from 2015-16 by £5/MWh compared to the draft strike prices issued earlier in the year. In contrast the offshore wind industry has been rewarded with the offshore wind strike price not being tapered so drastically in 2018/19 as was previously planned - read "Contracts for Difference"

Hedging Your Bets - EMR update | September 2013

CfDs have been designed to mitigate price risk and provide efficient long term support for low carbon generation but the devil is in the detail and there are a number of other risks that need to carefully considered. In this brief the JLL Energy and Infrastructure Advisory team investigates what those risks are and how they compare and contrast to those that exist under the current Renewables Obligation ("RO") – read "Hedging Your Bets – EMR update".

Developing Onshore Wind under ROCs vs CfDs | August 2013

The government has now published draft FiT CfD strike prices for renewable energy, so what do they mean for the value of onshore wind developments under CfD versus ROCs? The JLL Energy and Infrastructure Advisory team in conjunction with Infinergy, seeks to explore this question by considering one of Infinergy’s recently consented onshore wind projects – read "Developing Onshore ​Wind under ROCS and CfDs".