News & Analysis as of

Energy Sector Renewable Energy Incentives

Vinson & Elkins LLP

[Webinar] Energy Transition: Leveraging Intellectual Property - September 4th, 12:00 pm - 1:00 pm CT

Vinson & Elkins LLP on

Join Eric Klein and Paige Wright as they speak on “Energy Transition: Leveraging Intellectual Property.” The energy industry is experiencing massive transformation as incentives grow to invest in green technologies. This...more

Stoel Rives LLP

Treasury Provides New Safe Harbor for Domestic Content Bonus Credit

Stoel Rives LLP on

The U.S. Department of the Treasury (Treasury) today released Notice 2024-41, Domestic Content Bonus Credit Amounts under the Inflation Reduction Act of 2022: Expansion of Applicable Projects for Safe Harbor in Notice 2023-38...more

K&L Gates LLP

Tax Credit Revolution: US Treasury and IRS Propose Section 45V Hydrogen Production Tax Credit Regulations

K&L Gates LLP on

Members of the K&L Gates Hydrogen, Power, Tax, and Tax Policy teams speak with Sandi Safro Osborn, Assistant General Counsel of the Edison Electric Institute, about the proposed regulations the Treasury Department and...more

Spilman Thomas & Battle, PLLC

Solar is Coming, Solar is Here: The Growth of Solar in Coal Country

We reviewed a variety of news stories discussing new solar projects in states – Kentucky, West Virginia, and Pennsylvania – that have traditionally relied heavily on coal and carbon-emitting fuels. The articles reveal lessons...more

McDermott Will & Emery

[Webinar] Navigating the IRS’s Clean Hydrogen Tax Credit Guidelines - January 9th, 1:00 pm - 1:30 pm EST

Join Partners Heather Cooper and Christopher Gladbach next Tuesday for an insightful discussion on the nuances of the Internal Revenue Services’ (IRS) recent guidance on the clean hydrogen tax credit. They’ll shed light on...more

Vinson & Elkins LLP

Hydrogen's Compelling Promise

Vinson & Elkins LLP on

Securing a carbon-neutral future requires seismic shifts across the global energy system. And as a versatile, powerful energy carrier, hydrogen promises to play a vital role. But fulfilling this promise won’t be easy, and...more

Stoel Rives LLP

Treasury Issues Proposed Rules Regarding Low-Income Communities Solar and Wind Increased Credit

Stoel Rives LLP on

The U.S. Department of the Treasury (Treasury) earlier this week issued a notice of proposed rulemaking regarding the up to 20 percentage point additional investment tax credit (ITC) for certain solar and wind facilities...more

Baker Donelson

DOE Clarifies Priority Projects and Selection Criteria in New Guidance for the 48C(e) Advanced Energy Project Credit

Baker Donelson on

As an update to our prior alert on this subject the Treasury Department recently released new guidance, which critically outlines the Department of Energy's (DOE) priorities and technical review criteria for the 48C(e)...more

Woodruff Sawyer

Do You Need Insurance for Green Tax Credits?

Woodruff Sawyer on

The federal government offers two primary incentives for renewable energy projects: an investment tax credit for eligible investments in property, such as solar panels, and a production tax credit for electricity from...more

Akin Gump Strauss Hauer & Feld LLP

PTC and ITC Domestic Content Bonus Guidance Issued

A reasonable analysis of the Buy America standards for manufactured products would have resulted in the qualified facility or energy project being treated as the end product. One would then check to see if the components of...more

McGuireWoods LLP

Opening Soon — Application for Section 48C Advanced Energy Project Investment Tax Credit

McGuireWoods LLP on

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

Bracewell LLP

Treasury Department and IRS Release Guidance on the Energy Community Bonus Credit

Bracewell LLP on

The energy community bonus credit (the EC Bonus), which was introduced by the Inflation Reduction Act of 2022 (the IRA), provides a bonus credit for projects located in Energy Communities. The EC Bonus is available for...more

Stoel Rives LLP

Treasury Issues Low-Income Communities Solar and Wind Credit Guidance

Stoel Rives LLP on

The U.S. Department of the Treasury yesterday released Internal Revenue Service Notice 2023-17, Initial Guidance Establishing Program to Allocate Environmental Justice Solar and Wind Capacity Limitation under Internal Revenue...more

Bradley Arant Boult Cummings LLP

The clock is ticking on the IRA’s prevailing wage and apprenticeship requirements

Renewable energy developers and contractors have been anticipating the Treasury Department and IRS’s initial guidance on what is required to satisfy the prevailing wage and apprentice requirements under the Inflation...more

Pierce Atwood LLP

Relief Arrives for Renewable Energy Industry - Inflation Reduction Act of 2022

Pierce Atwood LLP on

On August 12, 2022, Congress passed the Inflation Reduction Act of 2022 (“Act” or “IRA”), a $400 billion legislative package containing significant tax and other government incentives for the energy industry, in particular...more

Troutman Pepper

Navigating the Inflation Reduction Act of 2022: A Practical Guide

Troutman Pepper on

The Inflation Reduction Act of 2022 (IRA) will be a game changer for the energy industry. This guide focuses on those issues of particular significance to the energy industry; it is not intended to be comprehensive....more

Beveridge & Diamond PC

U.S. Senate Passes the Inflation Reduction Act, Committing $370 Billion to Action on Climate and Energy

Beveridge & Diamond PC on

After months of intense, and at times acrimonious, negotiations among the Democratic caucus, the United States Senate on August 7, 2022, passed the Inflation Reduction Act (IRA). The IRA includes a host of programs aimed at...more

Morgan Lewis

Inflation Reduction Act Would Significantly Expand Federal Income Tax Benefits for Green Technology Industry

Morgan Lewis on

The Inflation Reduction Act of 2022 proposes significant changes and expansions to the existing federal income tax benefits for renewable energy, fuel production, and other green technologies....more

Husch Blackwell LLP

Illinois Commerce Commission Approves Long-Term Renewable Resources Procurement Plan

Husch Blackwell LLP on

The state of Illinois continued its push to achieve 100 percent renewable energy by 2050 when, on July 14, 2022, the Illinois Commerce Commission (ICC) approved the Illinois Power Agency’s (IPA) 2022 Long-Term Renewable...more

Vinson & Elkins LLP

[Webinar] Developing & Financing Low Carbon Hydrogen Projects - March 29th, 12:00 pm - 1:00 pm CT

Vinson & Elkins LLP on

Interest in the rainbow of different kinds of hydrogen has intensified, both in the United States and globally, in connection with the deployment of capital and government initiatives toward the energy transition. In this...more

Eversheds Sutherland (US) LLP

A better Build Back Better Plan? Updated House bill continues to include substantial clean energy tax proposals

Following the White House’s release of an updated Build Back Better Plan framework on October 28, 2021, the House released a revised budget reconciliation bill totaling $1.75 trillion. Both the framework and the updated House...more

Orrick, Herrington & Sutcliffe LLP

IRS Gives 2016‐2020 Vintage Renewable Energy Projects More Time to Finish Construction; Relaxes Continuity Rules

IRS guidance issued June 29, 2021 extends the deadline by which renewable energy projects (including wind and solar projects) that began construction in 2016 through 2020 may finish construction and qualify for production tax...more

Eversheds Sutherland (US) LLP

IRS extends continuity safe harbor for renewable energy projects

On June 29, 2021, the IRS issued Notice 2021-41, which provides a further extension of the continuity safe harbor and revises the “facts and circumstances” rules: ..For PTC and ITC-eligible projects for which...more

Sheppard Mullin Richter & Hampton LLP

A Clean Slate for Executive Order 13920: The Bulk Power Order

Last week, the Biden Administration through the Department of Energy, took actions regarding Executive Order 13920 (the “Bulk Power Order”). Such actions effectively established a clean slate for how the Biden...more

Holland & Knight LLP

Massachusetts Gov. Charlie Baker Signs Comprehensive Climate Change Legislation

Holland & Knight LLP on

On March 26, 2021, Massachusetts Gov. Charlie Baker signed Chapter 8 of the Acts of 2021, An Act Creating a Next-Generation Roadmap for Massachusetts Climate Policy (the Act), into law, cementing the Commonwealth's status as...more

65 Results
 / 
View per page
Page: of 3

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide