Geothermal Energy Renewable Energy

News & Analysis as of

Renewable Energy Update - November 2015

Renewable Energy Focus - Large-scale renewables account for more than 60% of new energy capacity in the U.S. - CleanTechnica - Oct 28: Recent figures reveal that utility-scale renewable energy projects accounted for more...more

Renewable Energy Update - October 2015

Renewable Energy Focus - Price of solar energy in the U.S. has fallen to 5¢/kWh on average: Lawrence Berkeley National Laboratory - Sep 30: Solar energy pricing is at an all-time low, according to a new report released...more

Renewable Energy Update - September 2015 #3

Renewable Energy Focus: California’s ‘50% renewables by 2030’ legislation is passed - PVTech Solar News - Sep 14: The passing of legislation that will see California sourcing 50% of its energy from renewable sources by...more

New Report on Renewable Energy as an Airport Revenue Source

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

Renewable Energy Update - July 2015 #4

Renewable Energy Focus - SunPower buys Infigen’s 1.5-gigawatt U.S. solar power pipeline: Bloomberg - Jul 27 - SunPower Corp., the second-biggest U.S. solar manufacturer, bought 1.5 gigawatts of projects under...more

Senate Finance Committee Approves Energy Tax Provisions—LNG Is A Winner

On July 21, the Senate Finance Committee approved by a vote of 23 to 3 a bipartisan tax bill to renew for two years more than 50 expiring and expired tax provisions known as “tax extenders.” The provisions that are being...more

Renewable Energy Update - July 2015 #3

Renewable Energy Focus - Senate committee backs PTC extension: ReNews - Jul 22: A U.S. Senate committee has voted to extend more than 50 tax policies, including production and investment tax credits that incentivize wind...more

Hawaii Sets 100% Renewable Energy Goal and Opens the Door to Community Solar

Electricity on the island state of Hawaii will come 100% from renewable resources by 2045, pursuant to new legislation. The plan will end Hawaii’s current reliance on imported fuel oil which Governor Ige has said currently...more

Mexico’s Energy Revolution Series: A Liberalized Electricity Sector - April 2015

In This Issue: - Introduction - A Revamped Institutional Architecture - New Makeup of the Electricity Supply Chain .. Generation .. T&D Network .. Retailing - A note of...more

IRS Extends Continuous Construction/Continuous Efforts Safe Harbors for Production Tax Credit/Investment Tax Credit Qualification

Production tax credits (“PTCs”) are available for wind, biomass, geothermal, landfill gas, trash, hydropower, and marine and hydrokinetic facilities, if construction of the facility began before January 1, 2015....more

Renewable Energy Update - February 2015

Renewable Energy Focus: Obama budget aims to make solar and wind incentives permanent - PV Magazine - Feb 2: President Obama just unveiled a $3.99 trillion budget for 2016 that asks Congress for a permanent...more

Production Tax Credit Extended for Renewable Projects Beginning Construction in 2014

On December 19, 2014, President Obama signed into law the Tax Increase Prevention Act of 2014 (H.R. 5771). H.R. 5771 includes a retroactive one-year extension of the section 45 renewable electricity production tax credit...more

Renewable Energy Update -- October 2014 #3

Renewable Energy Focus - Geothermal power industry lost steam but may be poised for comeback: Los Angeles Times - Oct 19: Geothermal power was once king of California's renewable energy. So many companies were...more

California Desert Renewable Energy Conservation Plan Aims to Provide Certainty for Renewable Developers: Draft Released

On September 23, 2014, the U.S Department of Interior and the State of California released a draft Desert Renewable Energy Conservation Plan (“DRECP”), which covers over 22 million acres in Imperial, Inyo, Kern, Los Angeles,...more

Renewable Energy Update -- September 2014 #3

Renewable Energy Focus - New solar plant nears approval in California desert: - Sep 15: Despite serious environmental concerns, the California Energy Commission has given a preliminary green light to a...more

Renewable Thermal Energy Technologies Gain Eligibility for Incentives under New Massachusetts Legislation

With the passage of HB 4385/SB 2214 early last month, Massachusetts has joined New Hampshire and Wisconsin as the only states to provide incentives for the use of clean, renewable fuels to heat and cool buildings. Signed into...more

Renewable Energy Update -- September 2014

Renewable Energy Focus - Communities going into power business to cut cost, carbon footprint: Los Angeles Times - Aug 1: Sonoma County is at the forefront among eco-minded communities plunging into the power business...more

Renewable Energy Update -- August 2014 #6

Renewable Energy Focus - Underground energy debate powering up - San Diego Union-Tribune - Aug 26: California lawmakers may decide this week whether San Diego County utility customers must underwrite a new fleet of...more

Renewable Energy Update -- August 2014 #5

Renewable Energy Focus - Los Angeles' city-owned electric utility raises its energy efficiency ambitions: Energy Collective - Aug 13: The five-member Board of the Los Angeles Department of Water and Power (LADWP) has...more

IRS Releases New Guidance on Beginning of Construction

The IRS recently released Notice 2014-46 (the Notice) which provides welcome guidance to tax equity investors and developers on the construction of wind, geothermal, biomass, landfill gas and certain hydropower and marine...more

IRS Issues Additional Guidance with Respect to 2013 Beginning of Construction Rules for Wind and Other Renewable Projects

The Internal Revenue Service (Service) issued Notice 2014-46 (Notice) on August 8, 2014, to provide further guidance on meeting the beginning of construction requirements for wind and other qualified facilities (biomass,...more

Renewable Energy Update -- August 2014 #2

Renewable Energy Focus - Renewables provide 56 percent of new U.S. generating capacity in first half of 2014: Electric Light & Power - Jul 21: Solar, wind, biomass, geothermal, and hydropower provided 55.7 percent of...more

Renewable Energy Update -- June 2014 #2

Renewable Energy Focus - Warren Buffett plans to double Berkshire Hathaway’s investment in renewable energy: PV Tech - Jun 24: Berkshire Hathaway, Inc. CEO Warren Buffett certainly made his presence felt at the Edison...more

Renewable Energy Update -- June 2014

Renewable Energy Focus: The EPA’s new carbon rules could be a major boost to renewable energy - Greentech Media - Jun 2: The EPA’s new carbon rule could grow renewable capacity by an additional 70 percent in the next...more

Renewable Energy Update -- May 2014

Renewable Energy Focus: California’s net zero energy building to reshape U.S. construction industry - Alternative Energy News - Apr 15: California’s recent revisions to Title 24 put in place ambitious performance...more

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