The IRS yesterday released Announcement 2022-23, which sets forth the new rate for the production tax credit (PTC) under Section 45 for facilities that are placed in service after December 31, 2021. The rate is 2.75 cents per...more
Last Wednesday night, after weeks of negotiations, US Senators Joe Manchin and Chuck Schumer reached a deal on an energy and healthcare bill titled the Inflation Reduction Act of 2022 (the “Act”). The Act includes extensive...more
8/4/2022
/ Energy Policy ,
Energy Projects ,
Energy Reform ,
Green Energy ,
Infrastructure ,
Investment Tax Credits ,
Legislative Agendas ,
Production Tax Credit ,
Proposed Legislation ,
Renewable Energy ,
Tax Incentives
This week, after weeks of negotiations, Senators Manchin and Schumer reached a deal on an energy and healthcare bill titled the Inflation Reduction Act of 2022 (the “Act”). The Act includes extensive provisions relating to a...more
7/29/2022
/ Corporate Taxes ,
Energy Reform ,
Green Energy ,
Income Taxes ,
Infrastructure ,
Investment Tax Credits ,
Legislative Agendas ,
Production Tax Credit ,
Proposed Legislation ,
Regulatory Agenda ,
Solar Energy ,
Tax Incentives
The new year has only just begun, and it is already shaping up to be another exciting one for the energy transition. In the US and elsewhere, governments, traditional and non-traditional energy corporations, and investors are...more
3/11/2022
/ Biden Administration ,
BOEM ,
Economic Development ,
Electric Generation Suppliers ,
Energy Policy ,
Energy Projects ,
Environmental Impact Statements ,
Environmental Policies ,
Infrastructure ,
Offshore Wind ,
Renewable Energy ,
Wind Power
On the night of September 10, 2021, the House Ways and Means Committee (the “Committee”) released legislative text covering a range of green energy tax incentives (the “Bill”) that it hopes will be enacted through the budget...more
9/14/2021
/ Energy Policy ,
Energy Projects ,
Energy Reform ,
Green Energy ,
Infrastructure ,
Investment Tax Credits ,
Legislative Agendas ,
Production Tax Credit ,
Proposed Legislation ,
Renewable Energy ,
Tax Incentives
As the renewable energy sector has grown in recent years, thanks in part to federal income tax credits, researchers and policymakers have begun to focus on the role of energy storage. Because wind and solar are intermittent...more
On May 28, 2021, the Biden administration (the “Administration”) released its FY2022 budget (the “Budget”), which includes proposed investments related to infrastructure, clean energy and research and development. Alongside...more
6/2/2021
/ Air Pollution ,
Biden Administration ,
Corporate Taxes ,
Federal Budget ,
Federal Funding ,
Infrastructure ,
Investment Tax Credits ,
Legislative Agendas ,
Natural Resources ,
Oil & Gas ,
Production Tax Credit ,
Renewable Energy ,
Solar Energy ,
Tax Reform ,
Wind Power ,
Zero-Emission Vehicles
Over the past number of weeks, a variety of legislative proposals, from both sides of the aisle, have been released that, if enacted, could drastically impact the US energy industry and, in many cases, the taxation of energy...more
4/28/2021
/ Carbon Emissions ,
Clean Energy ,
Energy Efficiency ,
Energy Policy ,
Fossil Fuel ,
Infrastructure ,
Legislative Agendas ,
Oil & Gas ,
Tax Credits ,
Tax Incentives ,
Tax Liability ,
Transportation Corridor ,
Zero-Emission Vehicles
Over the past number of weeks, a variety of legislative proposals, from both sides of the aisle, have been released that, if enacted, could drastically impact the US energy industry and, in many cases, the taxation of energy...more
4/28/2021
/ Clean Energy ,
Davis-Bacon Act ,
Energy Efficiency ,
Energy Policy ,
Fossil Fuel ,
Fuel Standards ,
Greenhouse Gas Emissions ,
Infrastructure ,
Legislative Agendas ,
Oil & Gas ,
Outer Continental Shelf ,
Pollution Control ,
Prevailing Wages ,
Tax Credits ,
Tax Incentives ,
Tax Planning ,
Zero-Emission Vehicles
There are several state legislative proposals in Texas that could have adverse impacts on the development and operation of renewable energy projects in Texas....more
The American Jobs Plan -
On March 31, 2021, the Biden administration released the American Jobs Plan (the “Infrastructure Plan”), which is a proposal that, if ultimately enacted, aims to modernize outdated infrastructure,...more
4/6/2021
/ Biden Administration ,
Carbon Capture and Sequestration ,
Climate Change ,
Electric Vehicles ,
Energy Policy ,
Infrastructure ,
Investment Tax Credits ,
Oil & Gas ,
Orphan Wells ,
Power Grid ,
Production Tax Credit ,
Tax Reform
The American Jobs Plan -
On March 31, 2021, the Biden administration released the American Jobs Plan (the “Infrastructure Plan”), which is a proposal that, if ultimately enacted, aims to modernize outdated infrastructure,...more
4/2/2021
/ Biden Administration ,
Clean Energy ,
Corporate Taxes ,
Electric Vehicles ,
Energy Policy ,
Income Taxes ,
Infrastructure ,
Investment ,
Mining ,
Next Generation ,
Oil & Gas ,
Power Infrastructure ,
Tax Credits ,
Tax Planning ,
Tax Reform
On December 31, 2020, the IRS released Notice 2021-05 (the “Notice”) on its website, in its advance of its official publication. As discussed in our earlier blog post, the Notice provides favorable guidance for offshore...more
The IRS yesterday released final regulations under Section 45Q regarding the carbon capture tax credit....more
On Monday, December 21, 2020, the United States Congress passed a second large stimulus bill (the “Relief Bill”) aimed at curtailing the economic disruptions caused by COVID-19. The Relief Bill, among other things, extends...more
Last night, Congressional leaders announced an agreement on a $900 billion COVID relief bill. While the text of the bill has not been released as of this writing, people familiar with the negotiations have indicated that the...more
12/21/2020
/ Biofuel ,
Carbon Capture and Sequestration ,
Coronavirus/COVID-19 ,
Electric Vehicles ,
Energy Projects ,
Energy Tax Incentives ,
Financial Stimulus ,
Infectious Diseases ,
Infrastructure ,
Investment Tax Credits ,
Production Tax Credit ,
Relief Measures ,
Renewable Energy ,
Renewable Energy Incentives ,
Solar Energy ,
Wind Power
Background -
As the COVID-19 pandemic continues to disrupt project development timelines generally, solar and wind projects that rely on federal income tax credits to obtain financing are particularly sensitive to...more
5/7/2020
/ Coronavirus/COVID-19 ,
Energy Projects ,
Infrastructure ,
Investment Tax Credits ,
IRS ,
Popular ,
Production Tax Credit ,
Renewable Energy ,
Safe Harbors ,
Solar Energy ,
Tax Planning ,
Wind Power
A Word About Wind has published our article What Is the Impact of Tax Reform on US Wind Tax Equity Deals? in its blog (subscription required) and newsletter. ...more
1/19/2018
/ Base Erosion Tax ,
Bonus Depreciation ,
Business Taxes ,
Compensation & Benefits ,
Corporate Taxes ,
Energy Projects ,
Energy Sector ,
Infrastructure ,
Investment Tax Credits ,
Partnerships ,
Popular ,
Production Tax Credit ,
Renewable Energy ,
Tax Deductions ,
Tax Equity ,
Tax Planning ,
Tax Rates ,
Tax Reform ,
Trump Administration ,
Wind Power