VILGERTS Law Firm shared their expertise with the team behind Energy Investment Risk Assessment (EIRA) for the International Energy Charter. This prestigious publication will assist governments improve investment conditions for foreign investors in the energy sector.
VILGERTS Head of Regulatory, Katrīne Pļaviņa, recommends investors into renewables to be aware of the yearly amendments to the national feed-in tariff scheme, which intends to cut the subsidy levels sometimes below market price. As the EIRA report notes, the government lags behind ensuring an open procedure for such amendments and safeguarding the investor’s interests.
EIRA intends to help countries make smart regulatory choices and develop effective strategies that ensure investor confidence is established and retained over time. It is premised on best practices and measures that enable a resilient investment environment, including a level playing field for domestic and foreign investors.