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
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
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
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
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
On February 8, 2022, Auxin Solar Inc. filed a petition requesting that the US Department of Commerce (Commerce) initiate a circumvention investigation into whether imports of crystalline silicon photovoltaic cells (CSPs)...more
3/30/2022
/ Affirmative Action ,
Anti-Dumping Duty ,
China ,
Comment Period ,
Countervailing Duties ,
Energy Projects ,
Energy Sector ,
Investigations ,
Solar Energy ,
Supply Chain ,
Tariffs ,
U.S. Commerce Department
Carl Fleming, a partner in McDermott’s Energy and Project Finance Practice Group and head of its energy storage team, hosted a panel of industry leaders from KKR & Co. Inc., CohnReznick Capital and Pine Gate Renewables that...more
The transition to renewable energy in Africa has been progressing impressively over the last decade, with many countries working to increase renewable energy capacity in recent years. Forecasts by the International Renewable...more
3/23/2022
/ Africa ,
Cross-Border ,
Energy Market ,
Energy Projects ,
Energy Sector ,
Financial Markets ,
Investment Opportunities ,
Project Finance ,
Renewable Energy ,
Renewable Energy Investments ,
Webinars
Carl Fleming, a partner in McDermott’s Energy and Project Finance Group and leader in its Energy Transition Team, hosted a panel of industry leaders from Apex Clean Energy, Leyline Renewables and Pattern that explored the...more
Carl Fleming, a member of McDermott’s Energy and Project Finance Group and head of its Energy Storage Team, hosted a panel of industry leaders from Vistra, UKA North America and Origis that explored the opportunities and...more
On October 13, 2021, during a speech at American Clean Power’s Offshore WINDPOWER Conference & Exhibition, US Department of the Interior Secretary Deb Haaland announced a path forward for future offshore wind leasing along...more
10/19/2021
/ Biden Administration ,
BOEM ,
Clean Energy ,
Department of the Interior ,
Energy Projects ,
Energy Sector ,
Investment Tax Credits ,
Offshore Wind ,
Renewable Energy ,
Wind Farm ,
Wind Power
Find out how solar industry leaders are overcoming the US-China trade war as Pine Gate Renewables Director of Regulatory Affairs Brett White and Assistant General Counsel Jess Cheney join us for a live discussion hosted by...more
10/4/2021
/ Anti-Dumping Duty ,
Biden Administration ,
China ,
Countervailing Duties ,
Energy Market ,
Energy Projects ,
Energy Sector ,
Renewable Energy ,
Solar Energy ,
Supply Chain ,
Tariffs ,
Trade Wars ,
U.S. Commerce Department ,
Webinars ,
Withhold Release Orders (WROs)
The US Department of the Interior (DOI) announced plans to expand offshore wind development off the coasts of New York and New Jersey by proposing a lease sale it strives to complete by the end of this year. More...more
6/17/2021
/ BOEM ,
Clean Energy ,
Climate Change ,
Department of the Interior ,
Energy Policy ,
Energy Projects ,
Gulf of Mexico ,
Offshore Wind ,
Renewable Energy ,
State and Local Government ,
Wind Power
On May 11, the Biden Administration approved the first major offshore wind project in US waters. The Vineyard Wind project, located approximately 12 nautical miles offshore Martha’s Vineyard, will consist of 800-megawatts and...more
The energy market has undergone significant change in the past 12 months, with even more on the horizon. Join us for a webinar series as we explore how these changes have shaped—and will continue to impact—the energy...more
3/15/2021
/ Electric Generation Suppliers ,
Electricity ,
Energy Market ,
Energy Policy ,
Energy Projects ,
Energy Sector ,
Financing ,
Investors ,
Tax Equity ,
Texas ,
Webinars
On February 3, 2021, Pete Buttigieg was sworn in as secretary of transportation after his nomination passed the US Senate 86-13. His confirmation means a likely boon for investment in US infrastructure, particularly for those...more
McDermott continues to provide the latest market updates on the disruption and uncertainty in the energy industry. President Trump’s May 1, 2020, executive order prohibiting certain transactions involving bulk-power system...more
5/20/2020
/ Bulk Purchasing ,
Department of Energy (DOE) ,
Due Diligence ,
Electricity ,
Energy Market ,
Energy Projects ,
Energy Sector ,
Executive Orders ,
Foreign Adversaries ,
Investors ,
Manufacturers ,
Procurement Guidelines ,
Renewable Energy ,
Risk Mitigation ,
Suppliers ,
Tax Credits ,
Trump Administration ,
Utilities Sector ,
Webinars
Renewable energy project developers utilizing federal tax credits will likely get more time to complete work on projects. While more formal guidance is forthcoming, the renewables industry may see an extension of the safe...more
As the COVID-19 crisis continues to affect every corner of the economy, McDermott continues to interact with industry leaders to provide the latest market updates on the severe disruption and uncertainty brought on the...more
4/7/2020
/ Contract Terms ,
Coronavirus/COVID-19 ,
Energy Projects ,
Energy Sector ,
Popular ,
Project Finance ,
Renewable Energy ,
Safe Harbors ,
Solar Energy ,
Tax Equity ,
Tax Rates ,
Webinars ,
Wind Power
The Coronavirus (COVID-19) pandemic has severely disrupted the wind market’s supply chain and labor resources, resulting in significant project delay risk. This legal and commercial checklist is a comprehensive practitioner’s...more
4/1/2020
/ Banks ,
Borrowers ,
Compliance ,
Contract Terms ,
Coronavirus/COVID-19 ,
Default Rights ,
Energy Projects ,
Energy Sector ,
Fund Sponsors ,
Investment Funds ,
Popular ,
Project Finance ,
Project Modification ,
Renewable Energy ,
Safe Harbors ,
Solar Energy ,
Stakeholder Engagement ,
Supply Chain ,
Tax Equity ,
Tax Rates ,
Wind Power