Congress passed the Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy Act (ADVANCE Act) in June 2024, which includes several provisions to encourage the development of nuclear energy infrastructure....more
After a lengthy process to identify potential offshore wind energy areas that originated in 2022, on June 28, 2024, the U.S. Department of the Interior announced the auction date for two offshore wind lease areas...more
Virginia has taken a significant further step to promote clean energy. The General Assembly recently passed legislation promoting the development of small modular nuclear reactor (SMR) electric-generating facilities. Under...more
On July 31, 2023, the Bureau of Ocean Energy Management (BOEM) announced three final wind energy areas (WEAs) off the shores of Delaware, Maryland and Virginia. The final WEAs have the potential to support 4-8 gigawatts of...more
The application process for the first round of funding for the Section 48C credit will open May 31, 2023. The IRS will issue additional guidance on the program before the application process opens but the application window...more
On Aug. 16, 2022, President Joe Biden signed into law the Inflation Reduction Act of 2022 (IRA), which includes new and revised tax incentives for clean energy projects. This alert provides a summary of the IRA’s impact on...more
Industry observers report 2019 as a record year for utility-scale solar contracts, with the market increase driven by economic competitiveness, state-level policies requiring electric utilities to increase the amount of...more
U.S. President Donald Trump on Jan. 22 issued new import tariffs on foreign-made solar cells and modules. While the tariffs may briefly disrupt the U.S. solar industry, the announcement provides much-anticipated certainty for...more
Gov. Roy Cooper today signed House Bill 589, enacting legislation that significantly expands solar business opportunities in North Carolina....more
On June 29, the North Carolina House and Senate voted to enact a compromise version of 2017 H589, titled “Competitive Energy Solutions for North Carolina.” This major new energy legislation evolves and, in some respects,...more