News & Analysis as of

Production Tax Credit Hydropower

Troutman Pepper

Hydropower: 2022 Lookback and 2023 Trendspotting

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2022 was an active year for the hydropower industry, and as 2023 begins, it’s appropriate to review last year’s highlights and forecast the anticipated trends to continue this year.  ...more

Pillsbury Winthrop Shaw Pittman LLP

Inflation Reduction Act Revives Hope for Biden’s Climate Agenda

The far-reaching proposal would represent the largest legislative climate investment in U.S. history. The legislation would increase available tax incentives and expand availability to all types of power generation...more

Troutman Pepper

Hydropower Provisions Included in 2021 Appropriations Bill

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On December 27, 2020, President Trump signed the Consolidated Appropriations Act of 2021, which includes a $1.4 trillion omnibus spending bill for fiscal year (FY) 2021 along with $900 billion in COVID-19 stimulus relief. ...more

Pierce Atwood LLP

IRS Extends Production Tax Credit/Investment Tax Credit Safe Harbors

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On May 27, 2020, the IRS issued Notice 2020-41, which responds to industry-wide supply chain disruptions due to the COVID-19 pandemic by giving renewable energy developers additional time to complete their projects. Most...more

Mayer Brown

IRS Releases 2020 Section 45 Production Tax Credit Amounts

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On May 12, 2020, the US Internal Revenue Service (IRS) released a notice providing the inflation-adjustment factors and reference prices for the calculation of renewable electricity production tax credits (PTCs) under...more

Hogan Lovells

Congress' year-end funding bill included extensions of tax credits for renewable energy, including wind, biofuels, and others

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In a rare display of bipartisanship, both houses of Congress and President Trump were able to come to agreement in the waning hours of the 2019 congressional session to extend government funding for fiscal year 2020. Included...more

Foley & Lardner LLP

Production Tax Credit Extended for Renewable Projects Beginning Construction in 2020

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On December 20, 2019, the President signed the Taxpayer Certainty and Disaster Tax Relief Act of 2019 (the “Act”), which extends the current production tax credit (PTC) for wind for an additional year. The Act extends the...more

White & Case LLP

Extenders Bill – a small victory for Wind and a loss for Solar

White & Case LLP on

The production tax credit for renewable wind projects under Section 45 of the Internal Revenue Code of 1986 (the "PTC" and "Code") has been extended by one year pursuant to a 2019 year-end federal government budget...more

Orrick, Herrington & Sutcliffe LLP

IRS Issues Further Guidance on “Start of Construction” Requirement for Renewable Energy Tax Credits, Including Continuity...

On May 5, 2016, the IRS released Notice 2016-31, which provides additional guidance on the “start of construction” requirements for the production tax credit (PTC) and investment tax credit (ITC) in lieu of the PTC. Notice...more

Perkins Coie

New Production Tax Credit “Beginning of Construction” Advice From the IRS

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The IRS recently issued Notice 2016-31, providing further guidance regarding the “beginning of construction” requirement for the production tax credit (PTC) under Section 45 of the Internal Revenue Code and the investment tax...more

Akin Gump Strauss Hauer & Feld LLP

9th Circuit Erects Statutory Standing Bar to Appeals Challenging FERC Section 211A Orders

On August 10, 2015, the United States Court of Appeals for the 9th Circuit, in Northwest Requirements Utilities v. FERC, denied several petitions for review of Federal Energy Regulatory Commission (FERC) orders requiring...more

Foley & Lardner LLP

IRS Releases New Guidance on Beginning of Construction

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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

Mintz

Energy And Environment Update -- May 13, 2013

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In This Issue: Energy & Climate Debate; Congress; Administration; Department of Energy; Environmental Protection Agency; Department of Interior; Federal Energy Regulatory Commission; Department of Commerce; Department...more

Mintz

Energy And Environment Update -- April 29, 2013

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In This Issue: Energy & Climate Debate; Congress; Administration; Department of Energy; Environmental Protection Agency; Department of Interior; Department of Treasury; Department of Agriculture; State Department;...more

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