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Global Construction Update: The energy transition issue

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Inicio Perspectivas Global Construction Update: The energy transition issue
The global energy transition is at the forefront of client conversations.
Windmill imagery

Following the UN Climate Change Conference in Dubai last December, commonly known as COP 28, participating countries were encouraged to propose ambitious emission reduction targets and climate action plans by 2025, all with a goal to keep global temperatures from rising above the 1.5°C limit viewed as being critical.

For the construction sector, opportunities in the renewables market abound, but bring complex challenges around financing, technology, risk allocation and regulatory developments. In this issue of Reed Smith’s Global Construction Update, our team shares practical insights on how clients can capitalize on the renewables boom.

  • Antoine Smiley (Austin) considers carbon capture and sequestration projects in the United States, and innovative strategies to address the novel challenges of their financing and development.
  • Allard Nooy, (Managing Director Markland Infrastructure Asia and Senior Advisor RPS Deal Advisory), Joyce Fong and Liseah Ang (Singapore) forecast challenges and opportunities for ASEAN’s construction industry as the region grapples with net zero objectives.
  • Philip Rymer, Thor Maalouf (London) and Alice Colarossi (New York) focus on vessel construction for offshore wind farms, exploring the role of new technologies and effective management of design and performance risk.
  • Chris Edwards (Dubai) sits down with Alex Haynes (head of Business Development for Energy Transition Projects at Petrofac) to discuss COP 28 and new opportunities in the renewable energy industry.
  • James Doerfler (Pittsburgh) sits down with Brendan McNallen (San Francisco) for a Q&A on Brendan’s flourishing renewable energy practice, recent trends in grid-based energy storage systems, and challenges faced by renewables clients in 2024.
  • Antonia Birt and Alison Eslick (Dubai) and Nicolas Walker (Paris) consider risk allocation and dispute resolution mechanisms for renewables projects, with contributions from Sebastien Bernard, EDF Renewables

As ever, we look forward to working with all our clients and construction industry colleagues throughout 2024 and beyond.

We hope you enjoy reading.

Please download the PDF report below.