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
Sovereign Wealth Fund Investment in the Global Healthcare Industry -
Sovereign Wealth Funds (SWF) seek out investments that are resilient, conducive to their aims and objectives, and reasonably free from market...more
5/5/2021
/ Appeals ,
Bonds ,
Collaboration ,
Copyright Ownership ,
Coronavirus/COVID-19 ,
Court of Justice of the European Union (CJEU) ,
Data Privacy ,
Drug Pricing ,
Employees ,
Employer Liability Issues ,
Employer Mandates ,
Enforcement Actions ,
EU ,
European Commission ,
European Data Protection Board (EDPB) ,
Germany ,
Healthcare Workers ,
Intellectual Property Protection ,
International Data Transfers ,
Investment Funds ,
Investors ,
Patents ,
Pharmaceutical Industry ,
Private Equity Funds ,
Sovereign Wealth Funds ,
Vaccinations
2030 is the new 2050 as US President Joe Biden has officially set a new goal for fighting climate change over the next decade in the United States. At the Leaders Climate Summit (the Summit) on Earth Day, he announced that...more
4/28/2021
/ Biden Administration ,
Carbon Capture and Sequestration ,
Clean Energy ,
Climate Change ,
Energy Storage ,
Greenhouse Gas Emissions ,
Infrastructure Financing ,
Investment Tax Credits ,
Net Zero ,
Offshore Wind ,
Production Tax Credit ,
Renewable Energy ,
Tax Policy ,
Tax Rates ,
Tax Refunds
US Senate Finance Committee Chairman Ron Wyden (D-OR) introduced the Clean Energy for America Act (the Act), along with two dozen Democratic co-sponsors, on April 21, 2021. The Act will likely be a starting point for the...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
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
Earlier this week, a group of cross-party US senators introduced the Securing America’s Clean Fuels Infrastructure Act (the Act) to promote investments in clean vehicle infrastructure. The types of infrastructure supported by...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
Earlier this week, Michael Regan was confirmed as the head of the Environmental Protection Agency (EPA), winning US Senate approval by a 66–34 vote. Regan’s confirmation will serve as an asset to the Biden administration’s...more
While the basic investment infrastructure needs to be developed, impact investment is becoming a stable and sustainable alternative for institutional investors and high-net-worth individuals. Private Equity funding is well...more
3/12/2021
/ Bonds ,
Coronavirus/COVID-19 ,
Global Health Issues ,
Healthcare ,
Infrastructure ,
Investment ,
Investors ,
Loan Guaranties ,
Pooling Agreement ,
Private Equity ,
Social Entrepreneurship ,
Sustainable Development Goals (SDGs)
On International Women’s Day, US President Joe Biden signed an Executive Order establishing the White House Gender Policy Council. The council, which was formerly called the White House Council on Women and Girls under the...more
On Tuesday, US National Climate Advisor Gina McCarthy publicly underscored President Joe Biden’s commitment to supporting the electric vehicle (EV) industry and other industries aimed at tackling the climate crisis. She noted...more
On Wednesday, US President Joe Biden signed an Executive Order to create more resilient supply chains, with a special focus on supply chains affecting the US auto industry, including electric-vehicle batteries...more
Today, Jennifer Granholm was confirmed as secretary of energy, winning US Senate approval by a 64–35 vote. Granholm’s confirmation serves as another boost to President Joe Biden’s plan to tackle climate change and develop...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
2/19/2021
/ Biden Administration ,
Climate Change ,
Energy Market ,
Energy Sector ,
Executive Orders ,
Investment Opportunities ,
Investment Tax Credits ,
Renewable Energy ,
Renewable Energy Investments ,
Solar Energy ,
Underserved Locations ,
Webinars
Many stakeholders have called for the United States to adopt a carbon tax. Such a tax could raise billions of dollars in annual revenue while simultaneously reducing greenhouse gas emissions. Several carbon tax proposals were...more
2/12/2021
/ Biden Administration ,
Carbon Emissions ,
Carbon Taxes ,
Charging Stations ,
Clean Air Act ,
Climate Change ,
Department of Energy (DOE) ,
Department of Environmental Protection ,
Fossil Fuel ,
Methane ,
New Legislation ,
Renewable Energy
The US House of Representatives Committee on Ways and Means has reintroduced the Growing Renewable Energy and Efficiency Now (GREEN) Act, which aims to extend tax credits for renewable energy and carbon capture projects. If...more
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
Under US President Joe Biden’s recent climate change Executive Orders, the Biden-Harris Administration set US offshore wind plans in motion and set a goal of doubling US offshore wind leases in federal waters by 2030....more
On January 27, 2021, US President Joe Biden signed a series of Executive Orders that aim to “confront the existential threat of climate change” in the United States, overseas and throughout the federal government while...more
1/28/2021
/ Biden Administration ,
Carbon Emissions ,
Clean Energy ,
Climate Change ,
Energy Sector ,
Environmental Policies ,
Environmental Protection Agency (EPA) ,
Executive Orders ,
Infrastructure ,
Legislative Agendas ,
Regulatory Agenda ,
Renewable Energy ,
Transportation Industry
McDermott continues its dialogue with renewable industry leaders to provide the latest market updates on the disruption, challenges and opportunities COVID-19 presents to the industry. This week, we focused on the energy...more
6/1/2020
/ Acquisitions ,
Business Disruption ,
Business Opportunities ,
Business Strategies ,
Coronavirus/COVID-19 ,
Energy Market ,
Energy Sector ,
Energy Storage ,
Mergers ,
Renewable Energy ,
Risk Mitigation ,
Supply Chain ,
Webinars
McDermott continues its dialogue with renewable industry leaders to provide the latest market updates on the disruption, challenges and opportunities COVID-19 presents to the industry.
On May 28, the McDermott team will...more
5/27/2020
/ Acquisitions ,
Business Disruption ,
Business Opportunities ,
Business Strategies ,
Coronavirus/COVID-19 ,
Energy Market ,
Energy Sector ,
Energy Storage ,
Mergers ,
Renewable Energy ,
Risk Mitigation ,
Supply Chain ,
Webinars
President Trump’s May 1, 2020 Executive Order prohibiting certain transactions involving bulk-power system electric equipment developed, manufactured or supplied by a foreign adversary could have far-reaching implications for...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