On April 4, 2024, the White House activated a much-anticipated program meant to catalyze private investment in clean technology across the United States. It will award $20 billion in grant funding to eight recipients under...more
4/5/2024
/ Biden Administration ,
Clean Energy ,
Energy Projects ,
Environmental Protection Agency (EPA) ,
Federal Funding ,
Grants ,
Greenhouse Gas Emissions ,
Inflation Reduction Act (IRA) ,
Investment ,
Investors ,
Lenders ,
Private Equity
On December 22, 2023, the Internal Revenue Service (IRS) published long-awaited proposed regulations for hydrogen tax credits under Internal Revenue Code (Code) Sections 45V and 48. The proposed regulations address many...more
1/8/2024
/ Clean Energy ,
Energy Sector ,
Greenhouse Gas Emissions ,
Hydrogen Power ,
Investment Tax Credits ,
IRS ,
Production Tax Credit ,
Proposed Regulation ,
Regulatory Agenda ,
Regulatory Reform ,
Tax Credits
The Corporate Transparency Act (CTA) introduces beneficial ownership reporting requirements effective January 1, 2024, for new and existing companies. The CTA reporting obligations also impact due diligence for mergers and...more
Join the McDermott Energy & Project Finance Practice Group for its spring webinar series: Navigating the New Energy Landscape. Register for State of the Tax Equity Market and Post-IRA Sources of Funding....more
Join McDermott Partners Carl Fleming and Jim Salerno for the Navigating the New Energy Landscape: State of the Debt Market and Post-IRA Sources of Financing webinar....more
As part of its push to transition the American automotive industry to electric vehicles (EVs), the Biden-Harris administration has proposed two new vehicle pollution standards. The first rule targets greenhouse emissions from...more
In recent years, environmental and sustainability concerns have become increasingly important across the economy. Such concerns create both risks and opportunities for the alcoholic beverages industry. Join our experienced...more
4/7/2023
/ Beer ,
Breweries ,
Business Opportunities ,
Carbon Emissions ,
Clean Energy ,
Continuing Legal Education ,
Distilleries ,
Energy Projects ,
Environmental Social & Governance (ESG) ,
Federal Taxes ,
Inflation Reduction Act (IRA) ,
Power Purchase Agreements ,
Risk Management ,
Sustainability ,
Tax Credits ,
Tax Liability ,
Webinars ,
Wine & Alcohol ,
Wineries
On December 1, 2022, the US Department of Commerce (Commerce) published its preliminary determination in the circumvention investigation into whether imports of crystalline silicon photovoltaic (CSPV) cells or modules...more
12/5/2022
/ Anti-Dumping Duty ,
Cambodia ,
Certifications ,
China ,
Countervailing Duties ,
Customs and Border Protection ,
Exports ,
Imports ,
Malaysia ,
Presidential Proclamations ,
Tariffs ,
U.S. Commerce Department
The US Department of the Treasury just released its guidance on the labor requirements that must be fulfilled in order to maintain the credit for the full amount for clean energy and infrastructure projects under the...more
11/30/2022
/ Apprenticeships ,
Clean Energy ,
Construction Project ,
Energy Projects ,
Inflation Reduction Act (IRA) ,
Infrastructure ,
Investment Tax Credits ,
Investors ,
Labor Reform ,
Land Developers ,
New Guidance ,
Production Tax Credit ,
U.S. Treasury ,
Wage and Hour
During this webinar, Heather Cooper and Carl Fleming, partners in the McDermott’s energy & project finance group, teamed up with McDermott+Consulting’s Debra Curtis to break down the key opportunities and actionable steps...more
11/21/2022
/ Biden Administration ,
Climate Change ,
Energy Sector ,
Financing ,
Greenhouse Gas Emissions ,
Healthcare ,
Hospitals ,
Inflation Reduction Act (IRA) ,
Investment Tax Credits ,
Production Tax Credit ,
Renewable Energy ,
Solar Energy ,
Tax Credits ,
Tax Deductions ,
Tax Equity
The Inflation Reduction Act of 2022 (IRA) is intended to stimulate domestic production in the US energy market and incentivize investment into those projects that utilize such domestic content. On October 26, Partners Carl...more
The US Department of Commerce (Commerce) has finalized its proposed regulations (Final Rule) implementing Presidential Proclamation 10414. In Proclamation 10414, US President Joe Biden temporarily waived the application of...more
9/23/2022
/ Anti-Dumping Duty ,
Cambodia ,
China ,
Countervailing Duties ,
Customs and Border Protection ,
Final Rules ,
Malaysia ,
Presidential Proclamations ,
Solar Panels ,
Thailand ,
U.S. Commerce Department ,
Vietnam
The National Electric Vehicle Infrastructure (NEVI) Formula Program, sponsored by the US Department of Transportation’s (DOT) Federal Highway Administration (FHWA), will provide $5 billion in funding for states to establish...more
On August 22, 2022, US President Joe Biden signed the Inflation Reduction Act of 2022 (the Act) into law, which includes $369 billion in energy and climate spending with an unprecedented focus on clean hydrogen. Specifically,...more
On August 25, McDermott Will & Emery kicked off its latest 10-part weekly webinar series focused on navigating the new energy landscape following the enactment of the Inflation Reduction Act of 2022 (the Act)—the largest and...more
On July 27, 2022, Senate Majority Leader Chuck Schumer (D-NY) and Senator and Energy and Natural Resources Chair Joe Manchin (D-WV) announced an agreement on a proposed reconciliation package called the Inflation Reduction...more
On July 27, 2022, Senator Joe Manchin (D-WV) and Senate Majority Leader Chuck Schumer (D-NY) announced that they had reached an agreement on a proposed reconciliation package: the Inflation Reduction Act of 2022, HR 5376,...more
On July 1, 2022, the US Department of Commerce (Commerce) published a proposed rule to pause the collection of any antidumping (AD) or countervailing (CVD) duties under its pending circumvention inquiries on crystalline...more
In an unprecedented move, US President Joe Biden has decided to do the following:
1. Temporarily pause the imposition of any duties or estimated duties that might result from the US Department of Commerce’s (Commerce)...more
On May 17, 2022, Carl Fleming, Lynn Kamarck and Tyler Kimberly from McDermott’s Energy and Project Finance and International Trade teams hosted Solar Energy Industry Association (SEIA) General Counsel and Vice President of...more
On March 25, 2022, pursuant to allegations made by Auxin Solar Inc., the US Department of Commerce (Commerce) initiated a circumvention inquiry into whether imports of crystalline silicon photovoltaic cells (CSPVs) from...more
5/5/2022
/ Cambodia ,
Certification Requirements ,
China ,
Comment Period ,
Countervailing Duties ,
Imports ,
Malaysia ,
Photovoltaic ,
Solar Panels ,
Thailand ,
U.S. Commerce Department ,
Vietnam
On April 27, members from McDermott’s ESG, Impact & Sustainability Group, including Counsel David Cifrino and Partners Thomas Dawson, Carl Fleming and Jacob Hollinger, hosted a webinar on risks, opportunities and disclosures...more
During the latest webinar in our Energy Transition series, Partners Carl Fleming and Scott Ferber hosted PWC Principals Brad Bauch, US Power and Utilities Cybersecurity & Privacy Leader, and Mark Ray, Cybersecurity & Privacy,...more
The US Department of Commerce (Commerce) recently initiated a circumvention investigation against solar cell and module imports from Cambodia, Malaysia, Thailand and Vietnam. This decision has the potential to profoundly...more
4/6/2022
/ Anti-Dumping Duty ,
Countervailing Duties ,
Energy Sector ,
Importers ,
Imports ,
Investigations ,
Legislative Agendas ,
Renewable Energy ,
Solar Energy ,
Solar Panels ,
Tax Credits ,
Trade Associations ,
U.S. Commerce Department
On March 30, 2022, Carl Fleming and Emeka Chinwuba, partners in McDermott’s Energy and Project Finance Practice Group, hosted Dr. Abdelilah Chami, head of sustainability Northern & Central Africa at Enel Green Power, and Jay...more