Navigating Legal Barriers to Mortgaging Energy Installations at Sea – the Case of the North Sea and the Netherlands

The North Sea is important within the European energy sector. In addition to the oil and gas reservoirs present beneath the seabed, the North Sea has been identified as a primary location to construct renewable energy infrastructure and may provide eight percent of the energy supply in Europe by 2030. Offshore oil and gas, offshore wind and ocean energy projects are capital intensive; billions of euros are required for the construction of many individual projects. It is common business practice to raise debt, which is more expensive when risks are greater. Security rights such as mortgage and... Mehr ...