News & Analysis as of

Wind Power Geothermal Energy

Wind PTC Increased from 2.3 Cents to 2.4 Cents per KwH

On April 11, the IRS announced an inflation adjustment increase in the production tax credit (“PTC”) for power sold in 2017 that is generated by wind, closed-loop biomass, geothermal projects to 2.4 cents from the prior 2.3...more

Renewable Energy Update - March 2017

by Allen Matkins on

Renewable Energy Focus - Solar generation hits new record high on California ISO grid - Solar Industry Magazine - Feb 28 - On Feb. 24, the California Independent System Operator (ISO) reported a new...more

Renewable Energy Update - January 2017 #4

by Allen Matkins on

Renewable Energy Focus - Treasury nominee backs existing phaseout of the wind energy tax credit - Greentech Media - Jan 24 - Amid the flurry of news leading up to the inauguration of President Trump,...more

Green Tax Incentive Compendium

by Robinson & Cole LLP on

A. GENERAL DESCRIPTION. The Federal Internal Revenue Code provides a business income tax credit in the amount of $0.023 (2015) per kilowatt hour of electricity produced from qualifying renewable resources during a ten-year...more

First flesh on the bones of the new UK government’s energy policy?

by Dentons on

The UK Department of Business, Energy & Industrial Strategy (BEIS) chose 9 November 2016 to release a series of long-awaited energy policy documents. The substance of some of the announcements, which primarily cover...more

Renewable Energy Update - November 2016

by Allen Matkins on

Renewable Energy Focus - California needs to invest $5B in transmission to support renewables goals - Utility Dive - Nov 2 - Staff of the California Energy Commission have completed an assessment of the...more

Renewable Energy Update - September 2016

by Allen Matkins on

Renewable Energy Focus - White House pledges support for Salton Sea, geothermal energy - The Desert Sun - Sep 1 - The federal government is stepping up its commitment to the Salton Sea and exploring the...more

Green Tax Incentive Compendium

by Robinson & Cole LLP on

Federal Tax Incentives for Renewable Energy and Energy Efficiency - A. GENERAL DESCRIPTION. The Federal Internal Revenue Code provides a business income tax credit in the amount of $0.023 (2015) per kilowatt hour of...more

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

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

by Perkins Coie on

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

Renewable Energy Update - Decemeber 2015

by Allen Matkins on

Renewable Energy Focus - Wind and solar power to supply more energy than shale, Goldman Sachs says: Bloomberg - Nov 30: New wind turbines and solar panels worldwide will provide more energy over the...more

Renewable Energy Update - November 2015

by Allen Matkins on

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

by Allen Matkins on

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

by Allen Matkins on

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

by Foley & Lardner LLP on

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

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

by King & Spalding on

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

by Allen Matkins on

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

by Foley & Lardner LLP on

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

by Reed Smith on

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

by Allen Matkins on

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

by Foley & Lardner LLP on

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

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

by Davis Wright Tremaine LLP on

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 -- August 2014 #5

by Allen Matkins on

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

by Foley & Lardner LLP on

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

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