As the renewable energy industry matures, a market once centered on permitting and plant development is shifting toward asset management, including power plant M&A, project finance and direct power trading.

In a media interview, Attorneys Soojin (Tommy) Park and Sungwoo (Goni) Kim of SOLARIS analyzed how the legal landscape of the renewable energy market is changing and the main types of disputes, and set out strategies for businesses responding to regulatory reform.

• (Advisory areas) Due diligence for renewable energy plant M&A, project finance structuring, and advice on construction contract disputes

• (Solving legal challenges) Renewable energy projects are prone to disputes because factors outside the project, such as local complaints and grid connection delays, become entangled with contractual responsibilities. From the earliest stage of a project, SOLARIS separates these external factors from contractual responsibilities to prevent disputes between contractors and project owners. We also build regulatory changes, such as revisions to the Basic Plan for Electricity Supply and Demand and the integration of environmental regulations, into contracts to reduce price volatility risk.

• (Value to clients) Clients can respond proactively to integrated environmental regulation and design a stable financial structure from the outset, securing a foundation for sustainable growth.

SOLARIS will continue to help innovative companies overcome a complex regulatory environment and establish themselves successfully in their industries.

[Related link]
- Article: SOLARIS: "Renewable Energy Market Moves Beyond the Era of Building Plants to the Era of Designing for Profitability"