BOEM held its first-ever auction for wind energy lease areas in the Gulf of Mexico on August 29, 2023. The three lease areas up for auction covered a combined 301,746 acres off the coast of Lake Charles, Louisiana, and...more
The auction: First of its kind for five West Coast offshore lease areas -
The US Bureau of Ocean Energy Management (BOEM), completed its first west coast offshore wind lease auction on Wednesday.1 The auction covered...more
12/9/2022
/ Auction ,
Biden Administration ,
BOEM ,
California Energy Commission ,
Clean Energy ,
Climate Change ,
Competitive Bidding ,
Energy Projects ,
Energy Sector ,
Governor Newsom ,
Offshore Lease ,
Offshore Wind ,
Public Private Partnerships (P3s) ,
Renewable Energy ,
Wind Power
Congress is moving rapidly towards passing the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Extenders Bill) as part of the Consolidated Appropriations Act, 2021. If enacted, the Extenders Bill would extend certain...more
Green bonds are hot. According to the Climate Bonds Initiative, global green bond issuances in 2019 exceeded $150 billion USD through August and forecasts have increased to $250 billion USD for the year. If these forecasts...more
Texas Governor Greg Abbott signed HB 3143 into law, extending the Texas Chapter 312 property tax abatement program for a period of 10 years. In addition to extending the program, the bill also provides for increased...more
6/26/2019
/ Ad Valorem Tax ,
Appraisal ,
New Legislation ,
Property Owners ,
Property Tax ,
Public Hearing ,
Real Estate Development ,
Renewable Energy ,
School Districts ,
Tax Abatement ,
Tax Code
The Texas state legislature must decide whether or not to extend the ad valorem property tax abatement program currently authorized under state law. The program is currently set to expire on September 1, 2019. Local tax...more
On August 8, 2014, the Internal Revenue Service (“IRS”) issued Notice 2014-46, which provides further guidance intended to assist developers and purchasers of renewable energy facilities evaluate whether such facilities...more
On April 25, 2013, the Internal Revenue Service updated guidance issued on April 15, 2013, that explained how to satisfy the new “begun construction” requirement for the renewable energy section 45 production tax credit (PTC)...more