On May 12, 2023, the IRS and the Department of the Treasury issued highly anticipated guidance regarding the requirements to satisfy the domestic content bonus tax credit provisions for investment tax credits under Sections...more
As the pandemic highlighted issues in the global supply chain and as the United States intensifies its investment in clean energy, more renewable energy manufacturers than ever are considering onshoring (or nearshoring)...more
The passage of the Inflation Reduction Act (IRA) this past August saw the introduction of a number of new and expanded tax credits aimed at onshoring American manufacturing...more
10/27/2022
/ Biden Administration ,
Energy Projects ,
Energy Tax Incentives ,
Executive Orders ,
Inflation Reduction Act (IRA) ,
Investment Tax Credits ,
IRS ,
Manufacturers ,
Production Tax Credit ,
Renewable Energy ,
U.S. Treasury
After months of speculation over actual and potential disruption to the U.S. solar market stemming from the U.S. Department of Commerce’s pending investigation into circumvention of duties by solar panel manufacturers in...more
On February 4, 2022, the White House announced that President Biden extended for another four years the Section 201 tariffs on imported crystalline silicon solar panels. The president raised the annual tariff rate quota for...more
2/10/2022
/ Canada ,
Duty Free ,
Energy Projects ,
Energy Sector ,
Imports ,
Joe Biden ,
Legislative Agendas ,
Mexico ,
Proposed Legislation ,
Renewable Energy ,
Section 201 ,
Solar Panels ,
Tariffs
On May 15th, 2020, the Ministry of Energy (“SENER”) published in the Official Gazette (Diario Oficial de la Federación) its Policy on Reliability, Safety, Continuity and Quality of the National Electric System (the...more
5/29/2020
/ Due Process ,
Electric Generation Suppliers ,
Electricity ,
Energy Policy ,
Energy Reform ,
Energy Regulatory Commission ,
Energy Sector ,
Foreign Investment ,
General Permit ,
Interconnections ,
Mexico ,
Notice and Comment ,
Regulatory Agenda ,
Renewable Energy ,
United States-Mexico-Canada Agreement (USMCA)
The U.S. Renewable Energy Industry, including its construction market, like every sector of the economy, is being affected by the outbreak of coronavirus. A number of announcements have been made beginning mid-March imposing...more
4/20/2020
/ Business Closures ,
Construction Industry ,
Construction Project ,
Coronavirus/COVID-19 ,
Critical Infrastructure Sectors ,
Executive Orders ,
Government Shutdown ,
Homeland Security Cybersecurity & Infrastructure Security Agency (CISA) ,
Operators of Essential Services ,
Renewable Energy ,
State and Local Government
Legislation to extend the Investment Tax Credit (ITC) to energy storage was re-introduced yesterday by Senators Martin Heinrich of New Mexico and Cory Gardner of Colorado, along with 10 cosponsors. For storage, the ITC...more
...Q1 has shown a marked escalation of private equity (PE) investment within the oil and gas sector; 2019 projections indicate that private equity buyers will be key players in both upstream and midstream endeavors.
Some...more
3/29/2019
/ Acquisitions ,
Business Model ,
Capital Markets ,
Energy Sector ,
Energy Storage ,
Exports ,
Market Conditions ,
Mergers ,
Natural Gas ,
Oil & Gas ,
Private Equity ,
Renewable Energy ,
Technology
Governor Jerry Brown signed SB 100 into law on Monday, setting in place a 100% renewable electricity target for California by 2045.
The law, which we discussed in our prior blog post, calls for a state-wide renewable...more
It has been a busy week for California State legislators on the clean energy front. Following closely on the heels of the California Senate’s approval of SB 100, the California Senate on Thursday by a vote of 25-13 passed SB...more
Earlier this week, the California Assembly took aggressive steps to limit greenhouse gas emissions as legislators voted to require that 100 percent of the state’s electricity come from carbon-free sources by 2045. If signed...more
After hearing days of arguments and considering dozens of filings from solar companies both opposed to and in support of trade action, the U.S. International Trade Commission (ITC) today recommended tariffs on imported solar...more
11/3/2017
/ Chapter 11 ,
Department of Energy (DOE) ,
Domestic Corporations ,
Energy Policy ,
Energy Sector ,
Imports ,
International Trade Commission (ITC) ,
Manufacturers ,
Renewable Energy ,
Section 201 ,
Solar Energy ,
Solar Panels ,
Tariffs ,
Trade Act of 1974 ,
Trump Administration
The Airport Cooperative Research Program (ACRP) has recently published a guidebook on Renewable Energy as an Airport Revenue Source. The link to the guidebook on the ACRP website is here. Foley partner David Bannard is a...more
SCE has launched its Sixth Renewable Auction Mechanism Request for Offers (“RAM 6 RFO”). SCE is seeking Eligible Renewable Resources (ERR) generating facilities between 3 megawatts (MW) and 20 MW. New for this RAM 6 RFO, SCE...more
The Obama administration announced on Tuesday a plan to grant greater access to solar energy production for all Americans, in particular low- and middle- income communities.
The White House announced that the Department...more
The sunset date for the 30% ITC is coming into view for developers of U.S. solar projects. The U.S. domestic solar market is also becoming increasingly competitive. The PTC for wind has already expired except for projects...more
Pacific Gas and Electric (PG&E) is now accepting applications for PG&E’s Fifth Renewable Auction Mechanism (RAM) Request for Offers (RFO), known as “RAM 5.” The RAM 5 RFO is available to renewable electric energy generating...more
The Massachusetts Department of Energy Resources (DOER) recently issued draft regulations for the second phase of its solar renewable energy certificate program, known as “SREC II”. The aim of the SREC II program is to...more