On March 31, 2023, the Department of Treasury (the “Treasury”) issued Proposed Treasury Regulation 120080-22 (the “Proposed Regulations”) under section 30D of the Internal Revenue Code of 1986, as amended (the “Code”), with...more
On February 13, 2023, the Department of Treasury (the “Treasury”), along with the Internal Revenue Service (the “Service”) and the Department of Energy (the “DOE”), issued Notice 2023-18 (the “Notice”), establishing a program...more
In a surprising release, on November 29, 2022, the Department of Treasury (the “Treasury”) and the Internal Revenue Service (the “Service”) issued Notice 2022-61 (the “Notice”) providing initial guidance on the prevailing...more
The Inflation Reduction Act of 2022 (IRA) represents one of the most sweeping pieces of climate policy legislation ever enacted in the United States. While the final impact of the IRA remains to be seen, we expect there will...more
On August 12, 2022 – a little over two weeks after the legislation was announced and five days after it passed the Senate – the House passed the historic Inflation Reduction Act of 2022 (the “Act”). While the legislation...more
On July 27, 2022, Senators Manchin (D-WV) and Schumer (D-NY) debuted the Inflation Reduction Act of 2022, a piece of legislation that, if enacted, would be a historic investment in climate policy as well as a down payment on...more
8/2/2022
/ Clean Energy ,
Climate Change ,
Continuing Legal Education ,
Deficit Reduction ,
Energy Projects ,
Energy Sector ,
Environmental Policies ,
Proposed Legislation ,
Renewable Energy ,
Tax Credits ,
Webinars
On July 27, 2022, only a few hours after the Senate approved a bipartisan semiconductor and technology package, Senator Manchin made a stunning and well-timed reversal of his prior position and confirmed his support for...more
In this presentation, panelists will discuss recent developments in the U.S. offshore wind industry including recent progress and projects in the pipeline, challenges to development of U.S. offshore wind projects, key...more
7/13/2022
/ Clean Energy ,
Continuing Legal Education ,
Energy Projects ,
Energy Sector ,
Financing ,
Offshore Wind ,
Permits ,
Proposed Legislation ,
Renewable Energy ,
Tax Credits ,
Webinars ,
Wind Power
The end of February was a very exciting time for the offshore wind power space.
In the three-day New York Bight auction conducted by the Bureau of Ocean Energy Management (“BOEM”) beginning on February 23, six companies...more
3/21/2022
/ BOEM ,
Coast Guard ,
Energy Projects ,
Energy Sector ,
Environmental Protection Agency (EPA) ,
Environmental Site Assessment ,
Federal Aviation Administration (FAA) ,
Offshore Wind ,
Outer Continental Shelf Lands Act ,
Renewable Energy ,
Wind Power
Interest in the rainbow of different kinds of hydrogen has intensified, both in the United States and globally, in connection with the deployment of capital and government initiatives toward the energy transition.
In this...more
Early on December 11, 2021, the Senate Finance Committee released its version of the Build Back Better Act (the “Act”). While the Senate Finance Committee version of the Act largely replicates the clean energy proposals...more
Early on November 19, 2021, the House passed H.R. 5376, the Build Back Better Act (the “Act”) along partisan lines. Passage came after the Congressional Budget Office released projections on the overall net cost of the...more
Faced with opposition from within his own party, President Biden last week unveiled a new, pared down framework for his “Build Back Better” agenda. Following release of the president’s framework, H.R. 5376 (the “Build Back...more
11/3/2021
/ Biden Administration ,
Carbon Capture and Sequestration ,
Clean Energy ,
Clean Fuels Program (CFP) ,
Energy Policy ,
Hydrogen Power ,
Investment ,
Investment Tax Credits ,
Legislative Agendas ,
Nuclear Power ,
Popular ,
Power Infrastructure ,
Production Tax Credit ,
Proposed Legislation ,
Regulatory Agenda ,
Tax Credits ,
Tax Planning ,
Tax Reform ,
Zero Emission Credits
I. Introduction -
Renewable energy development and the “energy evolution” continue to make a splash in energy infrastructure, legislation, and investment. And, among renewable energy technologies, offshore wind may be set...more
9/7/2021
/ Clean Energy ,
Energy Policy ,
Energy Projects ,
Internal Revenue Code (IRC) ,
Investment Tax Credits ,
Offshore Wind ,
Power Grid ,
Power Infrastructure ,
Production Tax Credit ,
Renewable Energy ,
Wind Power
The IRS published Revenue Ruling 2021-13 on July 1, 2021, addressing a series of issues on the Section 45Q tax credit for carbon capture projects. Specifically, the Revenue Ruling focuses on a methanol plant and tackles...more
On June 29, 2021, the Internal Revenue Service (“IRS”) issued IRS Notice 2021-41 (the “Notice”), which extends the “Continuity Safe Harbor” for renewable energy projects that qualify for production tax credits under Section...more
While snow in Texas may be a photo-worthy diversion, the freezing temperatures experienced by the state in February caused power systems to crash while demand was at its peak. Problems cut across all sectors, from fossil...more
Key Takeaways:
•In an effort to spur investment in renewable energy projects, Congress and the Biden Administration are considering “direct pay” options-
•Direct pay would allow project developers to receive tax...more
On March 31, 2021, President Joe Biden announced the American Jobs Plan (the Plan). The Plan proposes approximately $2 trillion in government funding over the next decade focused on infrastructure, the electric grid,...more
4/5/2021
/ Broadband ,
Clean Water Act ,
Climate Change ,
Corporate Taxes ,
Critical Infrastructure Sectors ,
Earth Day ,
Energy Efficiency ,
Fossil Fuel ,
Historical Landmarks ,
Infrastructure ,
Investment ,
Joe Biden ,
Oil & Gas ,
PFAS ,
Power Grid ,
Public Transit ,
Roads ,
Supply Chain ,
Tax Credits ,
Transportation Industry
President Biden has announced ambitious energy and environmental goals in an effort to combat the effects of climate change. Many of the president’s goals hinge on increasing support for alternative forms of energy...more