WOLF THEISS PUBLISHES ITS SIXTH ANNUAL EDITION (2015) GUIDE TO GENERATING ELECTRICITY FROM RENEWABLE SOURCES IN CENTRAL & SOUTHEASTERN EUROPE

WOLF THEISS has announced the publication of the sixth annual edition of its well-received Guide to Generating Electricity from Renewable Energy Sources ("RES"). This year brings important amendments to the legal framework in each CEE/SEE jurisdiction and a more detailed chapter on the main driving forces to the development of RES-Electricity in the region. The new edition of the RES Guide was presented to the public at today`s "Access to the Grid" event in Bucharest, Romania.

Since the publication of its first edition, in 2010, the RES Guide has reinforced WOLF THEISS` role as the "go to" law firm in the CEE/SEE renewable energy sector. Continuing in the established tradition, this year the guide again tackles the legal framework in the fast evolving Central and Southeastern European region. The aim is to bring an updated insight into the laws and regulations pertinent to the region`s future renewable energy development and alternative ways of generating electricity.

The CEE/SEE region has rapidly evolved into one of the leading investment destinations for stakeholders in the RES-Electricity sector. This phenomenon is a consequence of a number of factors, including: (i) the May 2009 EU "20-20" Directive mandating that all member nations must generate a higher percentage of their domestic energy from renewable sources, in order to reduce carbon emissions; (ii) historically attractive subsidy schemes intended to promote such RES-Electricity generation; (iii) the need for enhanced energy independence and security in a region that is still quite reliant upon Russian energy sources; and (iv) the overall growth in domestic consumer electricity demands as this region continues to grow and develop economically.

One of the highlights in this sixth annual edition (2015) of the WOLF THEISS RES Guide is the new promotion system recently adopted in Poland. While it had been anticipated by the renewable energy industry for many years, this new Polish Act on Renewable Energy Sources was just published in the Official Journal in April 2015. For installations which start generating after 1 January 2016, it has introduced an auction awarded system of feed-in premiums implemented through "contracts for difference" (based on differences between market prices and an agreed benchmark price, similar to those currently applicable in the United Kingdom).

Wolf Theiss partner Bryan W. Jardine, who has coordinated the Firm`s renewable energy practice since 2009 and has supervised the publication of the RES Guide over this same period noted: "We are very pleased that our Wolf Theiss RES Guide has been so well-received over the years by our clients and various stakeholders in the renewable energy domain. This is a culmination of many hours of collaborative efforts and research by the dedicated legal professionals throughout the Wolf Theiss offices and this publication underscores our Firm`s on-going commitment to this dynamic and growing sector in our CEE/SEE region."

For further information please contact

Barbara Fürchtegott
Barbara
Fürchtegott
Public Relations & Communications Manager
T. +43 1 51510 3808
Schubertring 6
1010 Vienna
Austria

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