Together with Bergmann Law Firm, Vetylaakso Finland organised a webinar on the legal pitfalls of projects on 23 September.
The expertswere: Senior Associate Karoliina Rytkönen, Bergmann Attorneys at Law and Miko Huomo, Managing Director, 3Flash Finland Oy
Webinar programme:
Senior Associate Karoliina Rytkönen:
- The pillars of the project: what are the elements - from permitting to land acquisition and on to contract chains - that make up a productive project?
- Safety aspects from a lawyer's point of view: what are the legal obligations for establishments, their processes and their staff in terms of fire and explosion hazards?
- Success in regulated markets: how do regulatory measures such as mandates and emissions trading create opportunities for green solutions, and how to be renewable or low-carbon in the right way to meet this demand?
CEO Miko Huomo:
- Bankability and licensing: building permit, its validity and the establishment of and liability for costs.
- Electricity price uncertainty: how to account for PPAs, options and hedging models as hedges of common interests so that the project's profitability can withstand market pressures.
- Demand growth and contract risks: from the perspective of the project developer and the investor, it is critical that the contract structure does not unilaterally shift the risk of demand fulfilment to the producer. From the developer's perspective, the PPAs and other contracts should be structured in such a way that the risks, in particular, are more evenly distributed to the offtaker.
- Changing regulatory environment: the developer must manage long transition periods and ensure that contracts are flexible in the face of possible legislative changes.
The webinar is part of the "Powering Southeast Finland with Green Hydrogen and Carbon Dioxide" project, which is being implemented by the Finnish Hydrogen Valley Association and co-funded by the EU.
