Grimaldi Alliance

Energy

Grimaldi Alliance

Grimaldi Alliance è riconosciuta come uno dei principali studi legali nel settore dell’energia, sia a livello nazionale che internazionale. Offriamo una vasta gamma di servizi legali specializzati nel settore energetico, fornendo consulenza strategica e assistenza legale su una vasta gamma di questioni.

I nostri punti di forza includono:

  • Assistenza Interdisciplinare: Grimaldi Alliance fornisce assistenza interdisciplinare in operazioni straordinarie, sviluppo di progetti di infrastrutture energetiche, contrattualistica commerciale, trading, questioni di diritto amministrativo e regolamentare, contenzioso e arbitrati nazionali ed internazionali.
  • Esperienza Settoriale: Il nostro team vanta una vasta esperienza in tutti i rami del settore energetico, compresi oil & gas, generazione da fonti fossili e rinnovabili ed efficienza energetica. Siamo in grado di assistere i clienti in operazioni internazionali, fornendo una consulenza mirata e approfondita.
  • Finanziamento di Impianti Energetici: abbiamo maturato una comprovata esperienza nel settore del finanziamento di impianti di produzione di energia, fornendo assistenza specialistica in tutte le fasi del processo di finanziamento.
  • Infrastrutture Energetiche: I professionisti di Grimaldi Alliance hanno maturato una significativa esperienza nel settore delle infrastrutture energetiche, tra cui porti, aeroporti, autostrade, reti elettriche e ferroviarie, gasdotti e reti idriche.

Offriamo assistenza completa su profili regolamentari, operazioni M&A, project finance, normativa comunitaria, aspetti fiscali, antitrust e gestione del contenzioso.

Grazie alla nostra esperienza e competenza nel settore dell’energia, forniamo ai nostri clienti una consulenza legale di alto livello per affrontare le sfide complesse e dinamiche del mercato energetico.

I nostri esperti

SCOPRI

Caricamento..

Insights

Grimaldi Alliance

Knowledge Management

Gen 15 2025

Affidamento del servizio di gestione integrata dei rifiuti urbani

Definizione di uno schema tipo di bando di gara per l’affidamento del servizio di gestione integrata dei rifiuti urbani

(DELIBERAZIONE 27 DICEMBRE 2024, 596/2024/R/RIF)

La Legge 481/95, dispone che L'Autorità di Regolazione per Energia Reti e Ambiente (ARERA, di seguito l’Autorità) deve garantire la promozione della concorrenza e dell'efficienza nei servizi di pubblica utilità, assicurare livelli di qualità adeguati, economicità e redditività dei servizi, con fruibilità omogenea su tutto il territorio nazionale e definire un sistema tariffario certo, trasparente e basato su criteri predefiniti, tutelando gli interessi di utenti e consumatori.

Allo stesso tempo la Legge 205/17 mira a migliorare la regolazione del ciclo dei rifiuti urbani, garantendo accessibilità, fruibilità e diffusione omogenee assegnando all'Autorità funzioni di regolazione e controllo in materia di rifiuti urbani, quali:

  • Definizione dei livelli di qualità dei servizi.
  • Diffusione della conoscenza e trasparenza delle condizioni di svolgimento dei servizi.
  • Definizione di schemi tipo dei contratti di servizio.
  • Predisposizione e aggiornamento del metodo tariffario per determinare i corrispettivi del servizio integrato dei rifiuti.
  • Fissazione dei criteri per la definizione delle tariffe di accesso agli impianti di trattamento.
  • Approvazione delle tariffe definite dagli enti di governo e dai gestori degli impianti.
  • Verifica della corretta redazione dei piani di ambito, esprimendo osservazioni e rilievi.

Tenuto conto del fatto che il D.lgs. 201/22 predilige l’affidamento mediante concessioni di tutti quei servizi di interesse economico generale e che il servizio di gestione dei rifiuti urbani richiede, ai fini della sua efficienza, la traslazione del rischio operativo posto in capo al soggetto a cui è affidata la gestione, con la deliberazione 50/2023/R/RIF, l’Autorità ha avviato un procedimento per la predisposizione di schemi tipo di bando di gara per l’affidamento del servizio di gestione integrata dei rifiuti urbani introducendo contenuti minimi omogenei e uniformi con riferimento agli atti che disciplinano le procedure ad evidenza pubblica.

ANAC ha difatti evidenziato come “non risulti essere stato definito nel tempo alcuno schema di bando tipo dedicato alle concessioni” e che il Bando tipo 1/2023 “è in una fase di opportuna revisione e aggiornamento, anche sulla base del testo definitivo dell’emanando Correttivo”.

Di seguito si riportano le “Disposizioni sui contenuti minimi” dello “schema tipo di bando di gara” contenuto nell’Allegato A alla Delibera 27 dicembre 2024 596/2024/R/RIF.

Ambito di applicazione: I contenuti minimi regolatori dei bandi di gara si applicano a tutte le procedure a evidenza pubblica finalizzate alla selezione degli operatori che, all’esito della gara, si configurino come “gestore integrato” o “gestore” del servizio, escluse quelle finalizzate alla selezione degli operatori che, all’esito della gara, si configurino come dei meri prestatori d’opera (in quanto esclusi dall’obbligo di presentare il Piano Economico Finanziario), ossia come soggetti individuati dall’Ente territorialmente competente (di seguito ETC).

Perimetro del Servizio da affidare: L’ETC definisce il Servizio da affidare e il relativo perimetro amministrativo; per ciascuna attività oggetto di affidamento l’ETC indica il perimetro amministrativo e la popolazione interessata; l’ETC indica le eventuali variazioni ed è tenuto in ogni caso a motivare adeguatamente le determinazioni in ordine alla perimetrazione del Servizio da affidare.

Documentazione di gara: L’ETC è tenuto a mettere a disposizione tutte le informazioni necessarie a consentire ai potenziali partecipanti di formulare le proprie proposte in riferimento alla parte tecnica e a quella economica dell’offerta.

La documentazione di gara si compone:

a) del Piano economico finanziario di affidamento di gara (PEFA), comprensivo almeno:

• del programma degli interventi e del piano finanziario degli investimenti necessari per conseguire gli obiettivi del Servizio da affidare;

• della specifica dei beni, delle strutture e dei servizi disponibili per l'effettuazione del servizio integrato di gestione, ovvero delle singole attività che lo compongono, nonché del ricorso eventuale all'utilizzo di beni e strutture di terzi, o all'affidamento di servizi a terzi;

• di una relazione nella quale sono indicati il modello gestionale ed organizzativo prescelto, le eventuali variazioni previste rispetto alla gestione preesistente e le relative motivazioni; i livelli di qualità del servizio richiesti, la ricognizione degli impianti esistenti;b) dello schema di contratto di servizio conforme alla regolazione dell’Autorità. Con riferimento all’inventario dei beni da allegare allo schema di contratto di servizio, sarà cura dell’ETC indicare i beni strumentali funzionali allo svolgimento del servizio da trasferire ovvero da concedere al nuovo gestore, il loro stato e la loro consistenza, nonché l’indicazione del valore di subentro e le tempistiche per la sua corresponsione.

Nell’ambito della documentazione di cui alla lett. a) deve essere data evidenza anche:

• al fabbisogno di investimenti per il periodo di riferimento, determinato in considerazione delle scelte di pianificazione regionale per il riequilibrio dei flussi fisici e in rapporto al valore delle infrastrutture esistenti;

• alla descrizione degli interventi previsti nel periodo di riferimento per il conseguimento degli obiettivi di sviluppo infrastrutturale individuati dalle programmazioni di competenza regionale e nazionale;

• alla descrizione degli interventi realizzati e degli obiettivi conseguiti in termini di sviluppo infrastrutturale e incremento della capacità impiantistica e dell'efficacia ambientale;

• alle valutazioni in ordine alla corretta allocazione dei rischi al fine di precisarne la ripartizione tra le parti.

Qualora più ETC superino una preesistente situazione di frazionamento delle competenze è ammissibile la predisposizione del PEFA di gara semplificato comprensivo del solo piano tariffario pluriennale e di un programma di miglioramento della qualità del Servizio da affidare che identifichi gli obiettivi da conseguire.

La documentazione di gara deve altresì indicare le condizioni per procedere a modifiche contrattuali sopravvenute rispetto all’affidamento originario e deve prevedere, infine, la tutela occupazionale del personale impiegato nella precedente gestione, anche mediante l’impiego di apposite clausole sociali.

Durata dell’affidamento: L’ETC determina la durata dell’affidamento in misura proporzionata all’entità degli investimenti previsti per il Servizio da affidare, illustrando gli obiettivi specifici connessi al Servizio da affidare e gli ulteriori parametri di valutazione che hanno condotto a ritenere tale scelta come maggiormente efficiente.

Al fine di garantire il mantenimento delle condizioni di equilibrio economico-finanziario e a tutela della continuità del servizio e della qualità delle prestazioni erogate, la durata dell'affidamento può essere estesa nei limiti previsti dalle norme vigenti.

Condizioni di partecipazione: I requisiti di ordine generale e speciale sono definiti dall’ETC.

L’ETC, per la dimostrazione del possesso di adeguate capacità tecniche e professionali, può richiedere evidenza del passato svolgimento di servizi analoghi a quelli oggetto di affidamento.

L’ETC può richiedere, nel caso in cui il soggetto partecipante alla gara non abbia mai gestito, il servizio di gestione dei rifiuti in Italia, evidenza della compliance alla normativa eurounitaria e del rispetto di standard regolatori previsti nel Paese di origine qualora non inferiori a quelli fissati dall’Autorità.

Valore dell’affidamento: Il valore dell’affidamento è determinato dall’ETC e indicato nel PEFA di gara (elaborato dall’ETC).

Criterio di aggiudicazione e disciplina dell’offerta: Il criterio di aggiudicazione è quello dell’offerta economicamente più vantaggiosa, individuata sulla base del miglior rapporto qualità/prezzo. L’offerta si compone della parte tecnica e di quella economica.

L’ETC può prevedere la facoltà per tutti i partecipanti di presentare due offerte:

a) la prima che possa prevedere miglioramenti dei profili tecnici e riduzioni dei costi rispetto a quelli posti a base di gara;

b) la seconda che preveda miglioramenti dei profili tecnici con possibili incrementi dei costi posti a base di gara.

I punteggi complessivi attribuiti saranno finalizzati alla creazione di un’unica graduatoria. L’ETC può stabilire incidenze differenziate delle parti tecniche ed economiche per le due offerte, fermo restando il tetto massimo del 30% per la parte economica.

Possono essere valutate anche proposte innovative (tecnologiche e di processo) non esplicitamente indicate dall’ETC negli atti di gara, a condizione che siano connesse all’oggetto dell'affidamento senza alterarlo.

Grimaldi Alliance

Knowledge Management

Ott 30 2024

Lens on Paraguay

Banking and Finance

Paraguay reaches investment grade for the first time in its history

The risk rating agency Moody's announced that it raised Paraguay's credit rating from Ba1 to Baa3, granting it investment grade for the first time in its history, reported the Ministry of Economy and Finance (MEF) on past July 24, 2024. Paraguay joins a select group of countries in the region to have the sovereign degree, Chile, Colombia, Mexico and Peru.

In a statement, they indicated that this stable outlook is reached after 26 years when the rating agency assigned a rating to Paraguay for the first time and after 9 years since the last upward review. "This unprecedented achievement is based on the country's solid economic fundamentals and its long history of macroeconomic stability," the MEF said.

They claim that it is the result of more than 20 years of responsible, consistent and predictable public policies. Prudent management of macroeconomic policies was able to achieve and preserve the sustainability of public finances and maintain low inflation

Tax

Agreement between Paraguay and Spain to avoid double taxation finally in force

After ratification by Paraguayan Law Nr. 7.271/2024 and publication in the Official bulletin of the Spanish Kingdom on July 29, 2024, said important agreement for the economic relationships between both countries shall be in force starting October 14, 2024, having effect for all tax purposes since January 1, 2025.

The agreement comprehends the Personal Income Tax, Corporate Tax and Non Resident income taxes in both countries (the so called IRP, IRE and IDU, and INR in Paraguay and IRPF, IS and IRNR in Spain) document observes OECD standards and includes measures to prevent tax base erosion and profit shifting (BEPS), affecting to Personal and Company income taxes in both countries (including income taxes for non-residents), which must now be ratified by the respective Congresses for its entry into force. Model Tax Convention on Income and on Capital 2017 shall be applicable for the interpretation of articles 5 (permanent establishment) and 7 (entrepreneurial benefits) of said Agreement.

Energy

Amendment of Law "On the Independent Production and Transmission of Electric Energy (PTIEE)"

On August 20224 Law No. 7299/2024 that amend Law Nr. 3009/2006 was enacted to foster private investments for the generation of renewable electricity through small hydroelectric plants (SHPs), by introducing correction of concepts that blocked the previous legislation to be applicable and improving the legal framework, by extending the threshold to grant licenses up to 50 MW and generation greater than 50MW should be subject to international public tenders, without the requirement of a risk-sharing contract with the national utility company (ANDE) as stated in the previous Law, although it retains a first call right to acquire the energy generated in case it is not exported or it is needed in the internal market.

Among other changes, the Ministry of Public Works and Communications replaced a Council of several Ministries (MOPC, Environment, Industry and Trade, Foreign Affairs) that made the procedure very bureaucratic. It must be clarified that shall Law is only applicable for the generation of electricity from the use of natural gas and/or minor hydroelectric generation, which also includes cogenerators and self-generators. This Law does not apply to other renewable energies (solar, wind) governed by Law No. 6977/2023, on Non-Conventional Renewable Energies (NCRE).

Public Procurement

Enactment of Decree Nr. 2264/2024, which regulates Law No. 7021 of December 9, 2022, "On Public Supply and Procurement".

This decree imposes a significant advance in what has to do with administrative management in public procurement. It seeks to improve efficiency, transparency and all flexibility in everything that has to do with public procurement processes. There are updates in terms of terminology, structure, facilitating reading and limiting the search for information and providing greater clarity to the management of State procurement, reducing the deadlines that have to do with protests, reconsideration appeals and deadlines for responses from public institutions to the DNCP.

A special type of bidding that he highlighted is joint procurement, which he described as an innovation in public procurement. It consists of public institutions coming together to buy goods or services, in search of efficiency through the implementation of economies of scale and administrative standardization. The annual average of the awards is USD 3.246 million, with 9.513 procedures and 3.266 suppliers.

Grimaldi Alliance

Knowledge Management

Set 13 2024

Lens on Uruguay

Uruguay: Pioneering a Green Energy Future

Uruguay has solidified its position as a global leader in renewable energy, with more than 90% of its electricity matrix powered by renewables between 2016 and 2022. Now, the country faces a new challenge: decarbonizing its transportation and industrial sectors, which still rely on fossil fuels. In this context, green hydrogen emerges as a key solution in the transition towards a fully sustainable energy matrix.

a) Why Invest in Green Hydrogen in Uruguay?

Proven Expertise and Leadership: Uruguay successfully completed its first energy transition, with 98% of its electricity demand met by renewable sources. Now, with a focus on green hydrogen, the country is advancing towards full decarbonization.

Unmatched Natural Resources: Uruguay's abundant solar and wind resources enable the competitive production of green hydrogen, with projected costs of USD 1.2–1.4 per kg by 2030.

Robust Infrastructure and Stability: With strong regulatory frameworks and political stability, Uruguay offers an ideal environment for long-term investments in clean energy projects.

b) The HIF Project in Paysandú: A Milestone for Uruguay

The announcement of the construction of a green hydrogen and eFuels plant in Paysandú, led by HIF Global, marks a US$ 4 billion investment. This plant is set to produce 256 million liters of eGasoline annually, contributing to the decarbonization of more than 150,000 vehicles per year. The investment includes US$ 2 billion for the construction of the plant and an additional US$ 2 billion for the development of wind and solar parks that will supply the renewable energy required to generate green hydrogen.

This project is a landmark in Uruguay’s second energy transition, placing the country at the forefront of green energy production worldwide. Uruguay’s first energy transition, completed over the past decade, enabled 98% of its annual electricity demand to be met by renewable sources such as wind, biomass, solar, and hydropower.

With sustained economic growth, social and political stability, forward-looking legislation, and privileged natural resources, Uruguay has become a global leader in renewable energy. Now, with green hydrogen and the promotion of electric mobility, the country aims to complete its transformation into a fully sustainable energy economy.

Grimaldi Alliance

Knowledge Management

Lug 23 2024

Eu Alert - Energy and Green Deal

This newsletter provides a selection of opinions and analysis from our EU legal experts on interesting policy developments, recent case law and new regulatory directions of major industry practices. It is released biweekly and covers areas such as: Competition Law, Sanctions, Trade, Energy, Finance, EU funds, Data IP and Privacy, Life Sciences, Transport and Court of Justice of the European Union news.

The aim is to provide an up–to–date tool for quick and easy consultation on the most current and important topics at EU level.


EUROPEAN COMMISSION (EC)

The European Commission publishes a guidance document to facilitate common approach to data interoperability repository sector (05.07.2024) – With EU rules foreseeing a new repository on electricity metering data interoperability next year, the Commission has published a Guidance document to enable EU countries to follow a consistent and comparable approach for reporting their respective national practices, which will be stored there. This approach aims to streamline the process and ensure uniformity. As part of the Commission’s Digitalisation of Energy Action Plan, the repository will make it easier for electricity suppliers and innovative energy service companies to operate across the internal electricity market, and thereby promote competition in the retail market, while also avoiding excessive administrative costs. It will also foster innovation in energy services, particularly in energy efficiency and renewable energy, and is part of the Commission's commitment to a more consumer-centric, decarbonised, decentralised, and digitalised energy landscape.

CEF Energy: four preparatory studies selected for funding under cross-border renewables (04.07.2024) – Following the publication of the 2023 CEF Energy call for preparatory studies for cross-border renewable energy (CB RES) projects, four projects have been selected requesting a total of 1,02 million euro of EU funding, which represents an oversubscription of the call. The awarded projects involve five EU countries (Portugal, Belgium, Denmark, Germany and Poland), and cover different sectors such as offshore wind, green hydrogen and solar PV. The beneficiaries will carry out the studies needed to assess the feasibility of the projects and/or to prepare their implementation.

The European Commission sets new eco-design rules for industrial fans (03.07.2024) – New harmonised EU rules to reduce the energy consumption and facilitate repair of industrial fans have been adopted by the European Commission. Updating and replacing the existing regulation from 2011, the new measures cover a wide variety of fan types, sizes and applications, used in all kinds of domains - from industrial processes to heating, cooling and ventilation equipment in tertiary or larger residential buildings. The requirements will contribute to reduced energy costs for European businesses and give manufacturers of efficient, durable and reparable products a competitive advantage. With the changes introduced, the overall EU electricity consumption of industrial fans is expected to be roughly 31 TWh a year lower, by 2030, than a situation without any requirements. This saving is the equivalent to the annual electricity use of some 10 million electric vehicles. The new changes, relative to the 2011 rules, will generate annual savings of 8 TWh by 2030, increasing to 14 TWh per year by 2040. In addition, it is estimated that in 2030 consumers and businesses will save around 4 billion euro each year in lower energy bills and reduced replacement costs (due to longer lifetimes of fans meeting the new requirements).

Declining market shares of biggest EU energy companies (02.07.2024) – In 2022, the largest electricity and gas producers experienced a decrease in market share in many EU countries, highlighting the increasing competition in the energy market compared with 2021.Overall, the market share of the largest electricity producer in the electricity market varied across EU countries. The largest share was recorded in Cyprus (87.5%), followed by Croatia (73.6%) and France (72.5%). Moreover, in 2022, the market share of the largest natural gas importer and producer decreased in 11 EU countries (out of 22 reporting EU countries). In particular, between 2021 and 2022, the largest market share decrease was reported in Lithuania (-29.8 pp), Bulgaria (-14.5 pp) and in France (-11.5 pp). Conversely, an annual increase of the largest market share was reported for Slovakia (+11.0 pp) and Croatia (+5.4 pp).

EU imports of energy products continue to drop (01.07.2024) – In the first quarter of 2024, the EU imported 95.5 billion euro worth of energy products, amounting to a total of 183.8 million tonnes. Compared with the same quarter of 2023, imports decreased both in value (-26.4%) and in net mass (-10.4%). The value of imported natural gas in gaseous state decreased by 56.8% in the first quarter of 2024, compared with the same quarter of 2023, while the volume dropped by 11.7%. A similar trend was observed for liquified gas, with imports showing a sharp decrease in value (-54.1%) and a more modest decrease in volume (-11.4%). The significant decrease in value reflected the declining prices of natural gas after the price surge in 2022, while the decrease in volume should be seen in the context of the EU reduction plan, where EU countries committed to reducing their gas consumption by at least 15%. Both the value and volume of imported petroleum oils remained stable compared with the first quarter of 2023 (0.4% increase in value and 0.9% decrease in volume).

The European Commission provides guidance on collaborative investment frameworks for offshore energy projects (28.06.2024) – A guidance document outlining ways in which investment frameworks for cross-border offshore grid and renewable projects can be organised most efficiently has been published by the European Commission . It will support EU countries, national regulatory authorities and system operators in their discussions on cost-sharing agreements for achieving EU countries’ regional offshore renewable targets. The guidelines are foreseen under the TEN-E Regulation and also follow on from the EU Action Plan for Grids last November in which the Commission stressed the importance of collaborative investment frameworks to realise the EU’s political ambitions on offshore renewables, signalling the need for guidance to support the process.


COUNCIL OF THE EUROPEAN UNION (COUNCIL)

Recovery fund: Council greenlights Germany’s amended plan that includes a REPowerEU chapter (16.07.2024) – The Council of the EU approved the European Commission’s positive assessment of Germany’s amended recovery and resilience plan. The amended plan now includes a new REPowerEU chapter worth 2.3 billion euro. This will contribute to accelerating Germany’s transition towards clean energy by increasing the share of renewables in the German energy mix. The modified plan has a strong focus on the green transition, allocating 49.5% of the available funds to measures that support climate objectives, up from 47% in the original plan. The digital ambition of the plan remains strong with 47.5% of its funds dedicated to digital measures. The plan is now worth 30.3 billion euro in grants and covers 17 reforms and 28 investments.

Energy Charter Treaty: Council notifies EU withdrawal (27.06.2024) – The President of the Council, as represented by the Belgian presidency and acting on behalf of the Union, gave written notification to the depositary of the Energy Charter Treaty of the withdrawal of the Union from the Energy Charter Treaty. The withdrawal will take effect one year after the depositary has received the notification. With the two decisions adopted on 30.05.2024, the Council of the European Union gave the final green light for the European Union and Euratom to leave the Energy Charter Treaty; at the same time, remaining member states will be able to support its modernisation when voted during the next Energy Charter Conference. These decisions are linked as they form the two pillars of a political compromise known as the Belgian roadmap for the Energy Charter Treaty.

Grimaldi Alliance

Knowledge Management

Giu 24 2024

EU Alert - Energy and Green Deal

This newsletter provides a selection of opinions and analysis from our EU legal experts on interesting policy developments, recent case law and new regulatory directions of major industry practices. It is released biweekly and covers areas such as: Competition Law, Sanctions, Trade, Energy, Finance, EU funds, Data IP and Privacy, Life Sciences, Transport and Court of Justice of the European Union news.

The aim is to provide an up–to–date tool for quick and easy consultation on the most current and important topics at EU level.

First Net-Zero Academy to train 100.000 workers in the EU solar photovoltaic value chain (20.06.2024) – The European Commission has launched the European Solar Academy, the first in a series of EU Academies to be set up under the Net-Zero Industry Act (NZIA) to have in place the necessary skills along the net-zero technologies value chains. The role of NZIA academies is to develop learning content and programmes together with the industry, to ensure that sufficient skills and workforce in the value chain. It is estimated that in the solar photovoltaic (PV) manufacturing sector alone, some 66,000 skilled workers will be needed by 2030 for the EU to meets its ambitious renewable energy targets while ensuring industrial competitiveness. The Solar Academy aims to train 100,000 workers in the solar photovoltaic value chain over the next three years to address the current labour and skills gap in the sector.

Pan-European exercise to foster preparedness in case of large-scale cyber-attacks in energy sector (20.06.2024) – The European Commission took part in an exercise called 'Cyber Europe', designed to test the preparedness in case of a large-scale cyber-attack on Europe’s energy sector. The exercise tested coordination, cooperation capabilities and crisis management skills in order to assess the resilience of the sector. This year's Cyber Europe exercise focused on a scenario involving cyber threats to the EU's energy infrastructure. The pan-European exercise brought together 30 national cyber security agencies, a number of EU agencies, bodies and networks, and over 1,000 experts covering a range of areas from incident response to decision-making.

Italy: European Investment Bank lends 200 million euro to Iren Group to boost electricity infrastructure (19.06.2024) – The European Investment Bank (EIB) and the Iren Group have signed a 200 million euro financing agreement to support the development and modernisation of electricity infrastructure in the municipalities of Parma, Turin and Vercelli. The project aims to increase the resilience of the grid, digitise services and offer more precise and personalised management of electricity consumption. The operations will be carried out in the municipalities of Parma, Turin and Vercelli. Green financing supports the objectives of REPowerEU, for which the EIB has earmarked additional financing of 45 billion euro by 2027.

Further step towards establishing the European Network of Network Operators of Hydrogen (18.06.2024) – The intention of establishing a European Network of Network Operators of Hydrogen (ENNOH) in the course of 2025 has moved closer today, following agreement among future Hydrogen Transmission Network Operators (HTNOs) on draft rules required in order to establish this new network. Addressing today’s meeting, EU Commissioner for Energy Kadri Simson took the opportunity to underline the crucial importance that the Commission places in ENNOH in terms of developing a European hydrogen infrastructure. She recalled that this association would have the task to plan and manage the hydrogen infrastructure and to develop market rules for its efficient operation. While it will now be up to the Commission and the Agency for the Cooperation of Energy Regulators (ACER) to evaluate these drafts – which cover the Articles of Association, Rules of Procedures, and List of Members – the fact that the future HTNOs have been able to reach agreement on these elements bodes well for the remaining steps in the process and for future cooperation once ENNOH has been established.

The European Commission seeks feedback on State aid to the agricultural sector (17.06.2024) – The Agricultural de minimis Regulation exempts small amounts from State aid control since they are deemed to have no impact on competition and trade in the Single Market. Following its last revision in 2019, Member States can currently grant support to the agricultural sector of up to 20.000 euro per beneficiary over a period of three fiscal years without prior notification for Commission approval. If a Member State has a central register at national level to register de minimis aid, a higher ceiling applies, of 25.000 euro over a period of three fiscal years. Besides these ceilings per beneficiary, each EU Member State has a maximum national amount for such support (a so-called ‘national cap'), in order to avoid any potential distortion of competition. The Agricultural de minimis Regulation is set to expire on 31st December 2027. A review of the Regulation was planned ahead of this expiry.


COUNCIL OF THE EUROPEAN UNION (COUNCIL)

The Council releases statement on Energy for Growth in Africa (14.06.2024) – The Council at the G7 meeting that took place between the 13th and the 15th of June, the Council undersigned the leaders’ statement on Africa’s significant but largely untapped clean energy potential. To meet the internationally agreed clean energy objectives and the global efforts decided upon at the 5th session of the Conference of the Parties serving as the Meeting of the Parties to the Paris Agreement (CMA5), the leaders established the launch of the G7’s 'Energy for Growth in Africa' initiative. The initiative will help develop bankable clean energy projects, attract private capital through the catalytic use of public finance and technical assistance, encourage the flow of concessional finance, and overcome barriers to investments in clean energy across Africa.

The Council publishes proposal for a Regulation on circularity requirements for vehicle design (12.06.2024) – On 13th July 2023, the European Commission published a Proposal for a Regulation on circularity requirements for vehicle design and on management of end-of-life vehicles, amending Regulations (EU) 2018/858 and 2019/1020 and repealing Directives 2000/53/EC and 2005/64/EC (the ‘Proposal’). The review of the legislation on end-of-life vehicles (ELVs) stems from the broader context of the European Green Deal, with the aim of promoting more circular business models by linking design issues to end-of-life treatment. This appears necessary with respect to the significant environmental footprint of vehicle production, which is primarily due to the greenhouse gas emissions of the energy required to extract and process primary materials (coal and iron ore for steel, bauxite for aluminium and copper and oil for plastics). In addition, the increasing use of sophisticated and composite materials poses particular challenges for dismantling, reusing and recycling end-of-life vehicles, which undermine the overall treatment quality of the end-of-life vehicles.

Grimaldi Alliance

Knowledge Management

Giu 19 2024

Lens on Venezuela

Energy & Petroleum

A Presidential Decree approved the partial reform that modifies, among other things, the corporate purpose of the mixed company Petroquiriquire, S.A. Likewise, the National Executive approved the transfer to the aforementioned company of the rights for the development of the primary activities of exploration, gathering and transfer of oil in
the geographic areas denominated "Campo la Ceiba-Occidente, Campo Tomoporo-Bloque VII-CEUTA” of the State of Zulia for a period of twenty five (25) years as from the date of publication of the Decree in the Official Gazette. (Official Gazette No. 6.801 Extraordinary of 17/04/2024. Entry into force: On the date of publication in the Official Gazette).

A Presidential Decree approved the creation of the mixed company Petrolera Roraima, S.A. Likewise, the National Executive approved the transfer to the aforementioned company of the rights for the development of the primary activities of exploration, gathering and transfer of oil in the geographic areas designated by the Ministry of the
Popular Power for Petroleum, for a period of twenty five (25) years as from the date of publication of the Decree in the Official Gazette. (Official Gazette No. 6.801 Extraordinary of 17/04/2024. Entry into force: On the date of publication in the Official Gazette).

Banking and Finance

The Venezuelan Central Bank (VCB) established the interest rates applicable to obligations derived from employment
relationships (58.98% and 47.49% - April 2024) and to transactions with credit cards (60.00% annual maximum rate and 17.00% annual minimum rate - May 2024). (Official Gazette of 05/21/2024. Official Notice. Entry into force: Upon publication in the Official Gazette).

Tax

The new Customs Tariff was approved, which incorporates the VII Recommendation of Amendment of the Harmonized System based on the Mercosur Common Nomenclature (Nomenclatura Común del Mercosur - NCM), thus abrogating the Decree No. 2,647 dated 12/30/2016, published in Official Gazette No. 6,281 Extraordinary, dated 12/30/2016. (Official Gazette No. 6804 Extraordinary of 04/25/2024. Administrative Rulings Nos. SNAT/2024/00005and SNAT/2024/00006. Entry into force: 30 days upon publication in the Official Gazette).

The National Integrated Service of Customs and Tax Administration (Servicio Nacional Integrado de Administración Aduanera y Tributaria - SENIAT) established the rate applicable to the calculation of late payment interest accrued during September and October, 2023. It was established that the weighted average interest rates for loans of the
six (6) principal commercial and universal banks of the country with the highest volume of deposits, excluding portfolios with prime rates, set by the VCB for September 2023 is 57.84%, and for October 2023 is 56,14%, which rates are to be increased 1.2 times for the calculation of late payment interest accrued during said months. (Official Gazette
of 05/21/2024. Official Notice. Entry into force: Upon publication in the Official Gazette).

Labor

The National Assembly issued the Law of Partial Reform of the Decree with Rank, Value and Force of Law of the Housing and Habitat Benefit System, establishing, among others, the contribution of 0.5% for individuals or legal entities of the total estimated amount of the works projects whose cost exceeds 500,000 times the Exchange Rate of the Highest Value Currency published by the VCB. (Official Gazette No. 6.805 Extraordinary of 05/01/2024. Entry into force: 30 days upon publication in the Official Gazette).

The National Assembly issued the Law for Protection of Social Security Pensions in the face of the Imperialist Blockade (The Law), which creates a special contribution which amount will be up to 15% of the total payments made by taxpayers to the workers on account of salary and non-salary bonuses, amount to be fixed annually by the National
Executive. The calculation basis of the special contribution may not be lower than the indexed minimum integral income defined by the National Executive. (Official Gazette No. 6.806 Extraordinary of 05/08/2024. Entry into force: Upon publication in the Official Gazette). Likewise, a Presidential Decree established that the amount of the special
contribution provided for in the Law was set at nine percent (9%) of the total payments made by taxpayers to workers. (Official Gazette of 05/16/2024. Entry into force: Upon publication in the Official Gazette). Finally, the SENIAT issued an Administrative Ruling establishing the rules of declaration and payment of the special contribution for the Law, as well as the corresponding declaration and payment schedule. (Official Gazette of 05/17/2024. Entry into force: Upon publication in the Official Gazette).

Civil Aeronautics

The National Assembly issued the Law Approving the Agreement between the Government of Venezuela and the
Government of China on Air Services, which has the purpose of granting overflight rights over the territory of the other party of the Agreement, making technical stopovers for non-commercial purposes, with the proviso that neither of the parties shall have the privilege of embarking passengers, cargo and mail in the territory of the other Party for lucrative purposes and with destination to another destination without prior authorization. (Official Gazette No. 6.807 Extraordinary of 05/13/2024. Entry into force: Upon the date of receipt of the last notification, by means of diplomatic notes, from any of the Contracting Parties to the other Contracting Party).

Misclellaneous

The Ministry of the Popular Power for Ecosocialism issued the Rules for the Integral Management of Waste of Electrical and Electronic Equipment, which will be aimed at the management of recoverable hazardous materials and hazardous waste in order to reduce their generation and guarantee the mechanisms of use and final disposal of such waste. (Official Gazette of 05/03/2024. Entry into force: After 90 days upon the date of publication in the Official Gazette).

The National Assembly issued the Law Approving the Agreement between the Government of Venezuela and the
Government of Turkey, concerning the reciprocal promotion and protection of investments, which purpose is to stimulate and create favorable conditions for investors to make investments in each of the territories of the contracting parties. (Official Gazette No. 6.808 Extraordinary of 05/13/2024. Entry into force: Upon the date of receipt of the last
notification, by means of diplomatic notes, from any of the Contracting Parties to the other Contracting Party).

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