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 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
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 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 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
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
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 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)
Last week, North Carolina Governor Roy Cooper issued Executive Order No. 218 titled, “Advancing North Carolina’s Economic and Clean Energy Future with Offshore Wind,” announcing a goal of developing 2.8 gigawatts of offshore...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
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
Earlier this week, the Biden Administration announced its intent to consider further expansion of offshore wind development in the Gulf of Mexico. This announcement comes two weeks after the Biden Administration announced an...more
On May 25, 2021, the Biden Administration announced an agreement to lease almost 400 miles off California’s northern and central coasts for offshore wind development. The announcement expands on the recent approval of the...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
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