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Investment Tax Credits Clean Energy

Baker Botts L.L.P.

Treasury and IRS Provide Guidance Regarding Energy Tax Credit Limits on Provision of Material Assistance by Foreign Entities of...

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On February 12, 2026, the Department of the Treasury and the Internal Revenue Service issued Notice 2026-15, providing 95 pages of guidance regarding the definition of “material assistance from a prohibited foreign entity.”...more

McDermott Will & Schulte

Nuclear power projects gain momentum as federal tax incentives, data center demand transform financing landscape

With electricity demand rising across the United States, nuclear power is receiving renewed attention from energy developers, investors, and financiers – both for existing facilities and new projects....more

Baker Botts L.L.P.

Energy 2025 - Year in Review

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Geopolitical fractures and trade uncertainty persisted in 2025, yet cross‑border energy trade proved more essential than ever to global stability and growth....more

Husch Blackwell LLP

Proposed Bill Would Revive Slashed OBBBA Energy Tax Credit Cuts

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On October 29, 2025, Democratic members of the House Ways and Means Committee introduced H.R. 5862, the American Energy Independence and Affordability Act (the Bill). The legislation, introduced by Rep. Mike Thompson...more

DLA Piper

DL Energy

DLA Piper on

On 22 November 2025, Decree-Law No. 175 of 21 November 2025 (known as the Energy Decree) came into force. It contains “Urgent measures concerning Transition Plan 5.0 and energy production from renewable sources” (Official...more

DLA Piper

Il DL Energia

DLA Piper on

In data 22 novembre 2025 è entrato in vigore il Decreto-Legge 21 novembre 2025, n. 175 (noto come "DL Energia") recante "Misure urgenti in materia di Piano Transizione 5.0 e di produzione di energia da fonti rinnovabili" (GU...more

DLA Piper

Business income tax measures in Canada’s 2025 Federal Budget

DLA Piper on

The 2025 Federal Budget (Budget 2025) introduced a number of business income tax measures aimed at stimulating investment and accelerating the transition to a clean economy. Key initiatives include temporary immediate...more

Bennett Jones LLP

Canada's Budget 2025: Canada's Climate Competitiveness Strategy

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Canada's budget 2025, released on November 4th, outlines the federal government's "Climate Competitiveness Strategy" as part of the government's new vision for climate-change policy. This is the liberal government's first...more

Haynes Boone

The One Big Beautiful Bill: Turning Point for UK and EU Energy Players Operating in the United States

Haynes Boone on

On 4 July 2025, President Trump signed into law the One Big Beautiful Bill Act (OBBB), representing a sweeping reset of the United States (U.S.) energy policy. The act drastically pares back the energy transition tax credits...more

Greenbaum, Rowe, Smith & Davis LLP

Solar ITC Safe Harbors After the “Big Beautiful Bill”: What Developers Need to Know

The One Big Beautiful Bill Act (OBBBA) significantly reshaped the landscape for solar and other renewable energy incentives. In response to a directive from President Donald Trump, the U.S. Department of the Treasury and the...more

Davies Ward Phillips & Vineberg LLP

Federal Budget 2025

Earlier Tuesday, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, delivered the Liberal Party’s first federal budget under Prime Minister Mark Carney (Budget 2025). Budget 2025 does not...more

Balch & Bingham LLP

Clean Energy Tax Changes Cut Timelines, Add Red Tape

Balch & Bingham LLP on

Significant changes to the Inflation Reduction Act through the One Big Beautiful Bill Act are set to reshape energy project development, financing strategies and long-term investment planning. Through revised deadlines,...more

Womble Bond Dickinson

OBBBA’s Ripple Effect: Strategic Implications for the Data Center Sector

Womble Bond Dickinson on

The enactment of the One Big Beautiful Bill Act (“OBBBA”) on July 4, 2025 introduced major legal and regulatory changes across various sectors. ...more

Beveridge & Diamond PC

A Race to Begin: IRS Guidance Sets the Clock for Solar and Wind Credits

On August 15, 2025, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued Notice 2025-42 (Guidance), updating the rules on when construction is considered to have “begun” for purposes of...more

Jones Day

Transactional Analysis: IRA Rollback Redirects Venture Capital in Climate Technology

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The Inflation Reduction Act ("IRA") functioned as the cornerstone of U.S. clean-technology capital investments. From its enactment in 2022 through late 2024, the statute's long-dated production and investment tax credits,...more

Hogan Lovells

U.S. Treasury releases New Beginning of Construction guidance on clean energy tax credits

Hogan Lovells on

With an effective date of September 2, 2025, New Beginning of Construction guidance will be prospective and not apply to projects that satisfied beginning of construction under old IRS guidance before September 2, 2025. ...more

Mayer Brown

IRS Releases Updated OBBBA-Related Energy Credit Guidance

Mayer Brown on

On August 15, 2025, the US Department of the Treasury and the Internal Revenue Service (the “IRS”) issued Notice 2025-42 (the “August 2025 Notice”), providing critical guidance on the determination of when construction begins...more

A&O Shearman

Highlights of the New Sections 45Y and 48E Wind and Solar Beginning-of-Construction Guidance

A&O Shearman on

On July 4, 2025, Public Law 119-21, commonly known as the One Big Beautiful Bill Act (the “OBBBA”), became law and enacted significant changes to various renewable energy incentives, including the clean electricity production...more

Eversheds Sutherland (US) LLP

Tax Bytes: Week of August 18, 2025

Welcome to this week’s edition of Tax Bytes. Our team of tax lawyers is actively monitoring for federal and international tax developments and issues of note. Each week we pull together the items we deem most important to...more

Latham & Watkins LLP

Treasury Guidance Narrows Beginning of Construction Rules for Wind and Solar Projects

Latham & Watkins LLP on

Wind and solar projects seeking to begin construction before July 4, 2026, must meet stricter qualification criteria for some tax incentives....more

Paul Hastings LLP

IRS and Treasury Tighten Beginning-of-Construction Rules for Wind and Solar

Paul Hastings LLP on

On Aug. 15, the U.S. Treasury Department and the Internal Revenue Service (IRS) released IRS Notice 2025-42, narrowing the rules for what qualifies as “beginning of construction” (BOC) under the One Big Beautiful Bill Act...more

Jones Day

New "Beginning of Construction" Guidelines Issued for Wind and Solar Tax Credits

Jones Day on

The Internal Revenue Service ("IRS") has issued Notice 2025-42 to implement the One Big Beautiful Bill Act ("OBBBA") mandate to phase out the clean electricity production tax credit (§ 45Y) and investment tax credit (§ 48E)...more

Baker Botts L.L.P.

Clean Energy Tax Credits: New Guidance on Beginning of Construction for Wind and Solar Facilities

Baker Botts L.L.P. on

On August 15, 2025, the Internal Revenue Service (the “IRS”) and the Department of the Treasury (“Treasury”) released new guidance on the “beginning of construction” for wind and solar facilities under the clean electricity...more

Husch Blackwell LLP

Treasury Guidance Tightens "Beginning of Construction" Standards for Clean Energy Tax Credits, Eliminating 5% Safe Harbor for Wind...

Husch Blackwell LLP on

On August 15, 2025, the Internal Revenue Service (IRS) issued Notice 2025-42, providing long-awaited guidance on the “beginning of construction” requirements for wind and solar facilities under Sections 45Y and 48E of the...more

Stoel Rives LLP

IRS Issues Guidance Regarding Beginning of Construction Requirement for PTC and ITC

Stoel Rives LLP on

The IRS today issued guidance regarding the “beginning of construction” requirement as it relates to the clean electricity production tax credit (PTC) under Internal Revenue Code Section 45Y and the clean electricity...more

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