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
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
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
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, 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
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
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
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
The US Securities and Exchange Commission’s (SEC) recently proposed landmark climate-related disclosure rules draw attention to a broad scientific consensus that to avert catastrophic consequences from climate change, the...more
3/29/2022
/ Business Opportunities ,
Carbon Emissions ,
Climate Change ,
Disclosure Requirements ,
Energy Sector ,
Environmental Social & Governance (ESG) ,
Greenhouse Gas Emissions ,
Insurance Industry ,
Investors ,
Net Zero ,
Publicly-Traded Companies ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
Webinars
What cyber threats are unique to the energy sector? Our Energy Transition Webinar Series continues on April 7 when McDermott Partners Scott Ferber and Carl J. Fleming host two principals in cybersecurity and privacy at PwC,...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 December 8, 2021, US President Joe Biden signed an executive order that directs the federal government to become carbon neutral by 2050. Due to the procurement power of the federal government, this executive order aims to...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
US RENEWABLES: INVESTMENT OPPORTUNITIES PERSIST IN UNCONVENTIONAL PLACE -
Apart from a few challenges, the sellers’ market in renewable energy is accelerating under the Biden administration, leading international investors...more
10/5/2021
/ Asia ,
Biden Administration ,
Clean Energy ,
Climate Change ,
Energy Sector ,
EU ,
Green Deal ,
Hydrocarbons ,
Infrastructure Financing ,
International Trade ,
Investment ,
Investors ,
Petrochemicals ,
Renewable Energy ,
Sanctions ,
Sellers ,
UK
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 federal government is seeking to increase cybersecurity in critical infrastructure industries through the implementation of a voluntary Industrial Control Systems Cybersecurity Initiative (Initiative), while the US House...more
On June 4, 2021, days before the Biden Administration announced its intent to consider further expansion of offshore wind development in the Gulf of Mexico, nine governors issued a joint letter to US President Joe Biden’s...more
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
On April 14, McDermott Will & Emery partners Tom Conaghan and Carl Fleming and Nicole Neeman Brady, CEO and director of the renewable energy SPAC, Sustainable Development Acquisition I Corp, discussed the rise of special...more