The United States is broadening the scope and diversity of its energy mix at a rate and to an extent not seen in a century, if ever. The changes underway provide both important opportunities and critical challenges for owners...more
On February 13, 2023, the Internal Revenue Service (“IRS”) issued its “initial guidance” regarding the Low-Income Communities Bonus Credit Program (the “Program”) established by the Inflation Reduction Act of 2022 (the “IRA”)...more
As previously discussed in our blog Inflation Reduction Act: Wage and Apprenticeship Requirements, the Inflation Reduction Act (the “IRA”) restructured the tax credit system associated with qualified clean energy projects...more
12/30/2022
/ Apprenticeships ,
Construction Project ,
Davis-Bacon Act ,
Employees ,
Energy Projects ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
Popular ,
Prevailing Wages ,
Tax Credits ,
Tax Planning ,
U.S. Treasury ,
Wage and Hour
U.S. state and federal lawmakers, as well as federal regulators, are increasingly focusing on the role of blockchain and distributed ledger technology (“DLT”) in ongoing efforts to combat climate change and to facilitate the...more
Clean energy technology has been on the rise. As companies strive to become more sustainable and the cost of manufacturing renewable energy continues to decline, we’re taking a look at the driving factors behind the shift...more
7/16/2021
/ Biden Administration ,
Clean Energy ,
Energy Sector ,
Environmental Social & Governance (ESG) ,
Infrastructure ,
Investors ,
Multinationals ,
Private Funds ,
Private Investment Funds ,
Public Utility ,
Renewable Energy ,
Sustainability ,
Technology Sector ,
Utilities Sector
Continued commitments to renewable generation in 2021 mean that corporate purchasers remain major drivers in the development of new wind and solar power generation projects in the United States. Megawatt numbers vary...more
7/8/2021
/ Clean Energy ,
Corporate Governance ,
Energy Market ,
Energy Sector ,
FERC ,
Regulatory Oversight ,
Renewable Energy ,
Solar Energy ,
State and Local Government ,
Supply Chain ,
Wind Power
Investors are increasingly focused on Environmental, Social, and Governance (ESG), and more companies are reporting on these statistics. Reporting on ESG metrics is challenging because there is a lack of consistency in the...more
Offshore Wind Goes West. On May 25, the Biden administration and the State of California announced an effort to develop areas off of the coast of California for up to 4.6 GW of offshore wind generation. While Northeastern...more
On October 1, 2020, the fourth edition of the Equator Principles came into effect. This fourth edition expands the scope of infrastructure projects that are captured by the principles and creates additional obligations for...more
4/29/2021
/ Battery ,
Carbon Offset and Reduction Scheme for International Aviation (CORSIA) ,
Carbon Pricing ,
Energy Sector ,
Energy Storage ,
Equator Principles ,
FERC ,
Natural Gas ,
NYISO ,
Offshore Wind ,
Pipelines ,
Tax Equity
Momentum is growing quickly towards widespread construction of US offshore wind-powered electrical generation facilities. Several States along the northern part of the Atlantic coast have projects actively under development...more
In light of a recent IRS Private Letter Ruling addressing public utility property and loss disallowance rules, here are six key items to be aware of today in tax equity transactions for renewable energy projects owned by...more
On February 19, 2020, the IRS published two guidance documents... of significant legal and commercial importance to the nascent market for carbon capture and sequestration production tax credits set forth in Section 45Q of...more
2/28/2020
/ Carbon Capture and Sequestration ,
Energy Projects ,
Equity Investors ,
Internal Revenue Code (IRC) ,
Investors ,
IRS ,
Market Participants ,
New Guidance ,
Production Tax Credit ,
Tax Credits ,
Wind Power
Securing interconnection and transmission rights and completing related upgrades is often the longest lead-time item in an electric generator’s development timeline. At the same time, many potential new power plants are being...more