The Navigating the New Energy Landscape webinar series came back last week for a special bonus session that focused on the just-released Internal Revenue Service (IRS) guidance on the wage and apprenticeship provisions...more
12/6/2022
/ Apprenticeships ,
Department of Labor (DOL) ,
Energy Projects ,
Energy Sector ,
Inflation Reduction Act (IRA) ,
IRS ,
New Guidance ,
Renewable Energy ,
Tax Benefits ,
Tax Credits ,
Wage and Hour
The landmark Inflation Reduction Act of 2022 (IRA) was a long-anticipated legislative package for the industry because it promotes investment in alternative forms of energy. During this webinar, Partners Denmon Sigler and...more
On August 31, McDermott Partners Heather Cooper and Philip Tingle provided a detailed review of the wage and apprentice, domestic content, transferability and direct provisions of the Inflation Reduction Act of 2022. They...more
On August 1, McDermott Partners Philip Tingle and Heather Cooper hosted a webinar to address the climate bill, dubbed the Inflation Reduction Act of 2022, which unexpectedly came back on the table on July 27...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 November 17, McDermott Partners Philip Tingle and Heather Cooper were joined by Bill Parsons, COO of the American Council on Renewable Energy (ACORE), for a discussion on recent legislative activity regarding renewable...more
The Future of the Energy Transition webinar series continues. On November 17, McDermott Partners Philip Tingle and Heather Cooper will be joined by a to-be-announced industry expert for a discussion on recent legislative...more
How will traditional energy companies compete as the world transitions to renewable energy? In the latest webinar in our Energy Transition series, McDermott Will & Emery Partner Jack Langlois hosted Philip Tingle, global...more
The energy market has undergone significant change in the past 12 months, with even more on the horizon. Our webinar series explores how these changes have shaped—and will continue to impact—the energy industry, including...more
5/20/2021
/ Carbon Capture and Sequestration ,
Energy Market ,
Energy Policy ,
Energy Projects ,
Energy Sector ,
Energy Storage ,
Energy Tax Incentives ,
Investment Tax Credits ,
Legislative Agendas ,
Offshore Wind ,
Production Tax Credit ,
Proposed Legislation ,
Renewable Energy ,
Tax Legislation ,
Tax Rates
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
5/17/2021
/ Carbon Capture and Sequestration ,
Energy Market ,
Energy Policy ,
Energy Projects ,
Energy Sector ,
Energy Storage ,
Energy Tax Incentives ,
Investment Tax Credits ,
Legislative Agendas ,
Offshore Wind ,
Production Tax Credit ,
Proposed Legislation ,
Renewable Energy ,
Tax Legislation ,
Tax Rates ,
Webinars
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
New guidance from the Internal Revenue Service (IRS, the Service) extends the Continuity Safe Harbor to 10 years for both offshore wind projects and projects on federal land...more
The US stimulus bill passed into law yesterday includes several key extensions and additions to the tax credits available for renewable energy. The bill had been agreed to by Congress early last week and signed into law by...more
Increasingly, utilities are replacing older generation fleets with more cost-effective generation technologies. Renewables are cost-competitive alternatives in this effort for a number of reasons, including the current tax...more
11/30/2020
/ Acquisitions ,
Energy Projects ,
Energy Sector ,
Financing ,
Investors ,
Land Developers ,
Renewable Energy ,
Tax Equity ,
Tax Incentives ,
Tax Planning ,
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
McDermott continues to interact with industry leaders to provide the latest market updates on the severe disruption and uncertainty brought on the renewables industry by COVID-19.
Joining us on Thursday will be Brett Kerr,...more
4/28/2020
/ Coronavirus/COVID-19 ,
Crisis Management ,
Energy Sector ,
Health and Safety ,
Independent Power Producers (IPPs) ,
Investor-Owned Utilities ,
Operators of Essential Services ,
Renewable Energy ,
Supply and Demand ,
Utilities Sector ,
Webinars
McDermott continues to interact with industry leaders to provide the latest market updates on the severe disruption and uncertainty brought on the renewables industry by COVID-19.
Joining us next week to discuss whether...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
On December 20, 2019, President Donald Trump signed into law the Further Consolidated Appropriations Act, 2020 (H.R. 1865), which included welcomed extensions for a number of energy tax incentives.
The legislation includes...more
12/24/2019
/ Energy Projects ,
Energy Sector ,
Energy Tax Incentives ,
Investment Tax Credits ,
New Legislation ,
Production Tax Credit ,
Renewable Energy ,
Tax Credits ,
Tax Planning ,
Time Extensions ,
Trump Administration
The US Senate yesterday passed a package of tax extenders as part of the year-end appropriations act that the US House of Representatives passed on December 17, 2019. President Trump is expected to sign the legislation before...more
12/20/2019
/ Energy Sector ,
Energy Tax Incentives ,
Income Taxes ,
Investment Tax Credits ,
Investors ,
Production Tax Credit ,
Renewable Energy ,
Tax Extensions ,
Tax Incentives ,
Tax Planning ,
Wind Power
On December 17, 2019, the US House of Representatives passed a year-end fiscal year 2020 spending bill for the federal government that includes a one-year extension of the production tax credit under Section 45 (PTC) for wind...more
In Private Letter Ruling 201946007, the Internal Revenue Service (IRS) allowed a tax equity investor to participate with a regulated utility in a tax equity financing arrangement for wind investments without being subject to...more
12/3/2019
/ Energy Sector ,
Internal Revenue Code (IRC) ,
Investment Tax Credits ,
IRS ,
Popular ,
Private Letter Rulings ,
Production Tax Credit ,
Public Utilities Commission ,
Renewable Energy ,
Revenue Procedures ,
Safe Harbors ,
Tax Equity Partnership
On June 20, 2019, the United States Court of Federal Claims published its long-awaited opinion in California Ridge Wind Energy, LLC v. United States, No. 14-250 C. The opinion addressed how taxpayers engaging in related party...more
6/27/2019
/ 1603 Grants ,
Burden of Persuasion ,
Burden of Proof ,
Energy Sector ,
Evidence ,
Fees ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Land Developers ,
Renewable Energy ,
Tax Credits ,
Wind Farm
On July 27, 2018, the US Court of Appeals for the Federal Circuit in Alta Wind v. United States, reversed and remanded what had been a resounding victory for renewable energy. The US Court of Federal Claims had ruled that the...more