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Allen Matkins

Renewable Energy Update 8.22.24

Allen Matkins on

California has given America a glimpse at what running one of the world’s largest economies on renewable energy might look like. The state recently hit a milestone: 100 days this year with 100% carbon-free, renewable...more

Bennett Jones LLP

Clean Tech ITC Decoded: Benefits and Strategies for Canadian Businesses

Bennett Jones LLP on

In the inaugural episode of Clean Incentives, hosts Brendan Sigalet and Derrick Osborne, alongside special guests Ashley White and Jason Roth, delve into the myriad of tax incentives available for businesses in Canada, with a...more

Akerman LLP

News Flash: The Application Portal for the 2024 Low-Income Communities Bonus Tax Credit Program Is Open!

Akerman LLP on

The application portal for the 2024 Low-Income Communities Bonus Credit Program opened on May 28, with a 30-day initial application window ending at 11:59 pm ET on June 27. All applications during the initial window are...more

Pierce Atwood LLP

Portal Opens for Solar and Wind Low-Income Communities Bonus Tax Credit Applications

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The U.S. Department of Treasury, Internal Revenue Service (IRS) and Department of Energy (DOE) announced that the portal for applying for the 2024 low-income communities, or environmental justice, bonus investment tax credit...more

Allen Matkins

Renewable Energy Update 5.23.24

Allen Matkins on

U.S. Rep. Jared Huffman, who represents California’s north coast, has sent a letter to federal regulators asking that they “urgently place” a senior official in the state to respond to tribal needs as wind power is developed...more

Allen Matkins

Renewable Energy Update 8.18.23

Allen Matkins on

The U.S. Department of Defense (DoD) has approved Floventis Energy for the development and operation of CADEMO, the first floating offshore wind farm with 60 MW of capacity, to be located off the California coast near the...more

DarrowEverett LLP

What IRS’s Low-Income Adder Guidance Means For Renewables Projects

DarrowEverett LLP on

The Inflation Reduction Act of 2022 (the “Act”) breathed new life into the tax scheme for renewable energy projects, creating a new base tax credit with a series of adders that can significantly increase viability of projects...more

Paul Hastings LLP

Treasury Issues Additional Guidance on Low-Income Community Bonus Credit

Paul Hastings LLP on

On June 1, 2023, the Treasury Department (“Treasury”) issued a notice of proposed rulemaking including proposed rules (the “Proposed Rules”) regarding the “Low-Income Communities Bonus Credit Program” established by the...more

Allen Matkins

Renewable Energy Update - 5.26.23 #4

Allen Matkins on

Governor Gavin Newsom last Friday pledged to fast-track hundreds of billions of dollars’ worth of construction projects throughout the state, including a pair of large water endeavors that have languished for years amid...more

Eversheds Sutherland (US) LLP

Limited initial guidance issued for section 48(e) investment tax credit enhancer

On February 13, 2023, the Department of Treasury (Treasury) and the Internal Revenue Service (Service) issued Notice 2023-17 (Notice), establishing the 48(e) Low-Income Communities Bonus Credit Program (Program) with respect...more

Allen Matkins

Renewable Energy Update #4

Allen Matkins on

The California Independent System Operator (CAISO) has enacted market rule changes to make it easier for energy storage to provide grid ancillary services and help grid reliability....more

Allen Matkins

Renewable Energy Update - April 2021 #3

Allen Matkins on

Hundreds of U.S. and European companies and investors urge Biden to hike climate target - Reuters – April 12 - Hundreds of U.S. and European companies and investors, including Walmart, Apple, General Electric, and...more

Holland & Knight LLP

DOE Funding Opportunity for Clean Energy Projects in Indian Country

Holland & Knight LLP on

The U.S. Department of Energy's (DOE) Office of Indian Energy Policy and Programs issued a funding opportunity announcement (FOA) on Nov. 15, 2016, to deploy funds for clean energy and energy efficiency projects in Indian...more

Allen Matkins

Renewable Energy Update - October 2015 #3

Allen Matkins on

Renewable Energy Focus - Attractive PPA prices will keep U.S. utility-scale solar power strong: Solar Industry Magazine - Oct 13: Reports of the death of utility-scale solar in the U.S. have been greatly exaggerated. A...more

Mintz - ML Strategies

Energy & Environment Update - October 2015 #2

Mintz - ML Strategies on

Energy and Climate Debate - Congress is in recess this week for the Columbus Day holiday, but will return next week with full schedules in both chambers. The House will focus heavily on the leadership race to...more

K&L Gates LLP

Department of Interior Streamlines Lease Approval Process for Developing Renewable Energy Projects on Tribal Lands

K&L Gates LLP on

The efficiency and transparency of developing wind and solar energy projects on tribal lands have improved considerably as a result of the recent issuance by the Department of Interior (DOI) of its final rule governing leases...more

Burr & Forman

White House Announces Expedited Schedule for Renewable Energy Projects

Burr & Forman on

On August 7, the White House announced an expedited approval schedule for seven solar and wind projects on federal and tribal lands in Arizona, California, Nevada and Wyoming totaling 5,000 megawatts (MW) of energy-producing...more

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