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Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights, V 8, Issue 11, November 2024

Welcome to our 11th Issue of Currents 2024, our energy e-newsletter. This will be our last issue of 2024, and we want to sincerely thank you for reading Currents for the past eight years. Our goal is to relay top trending...more

BCLP

Proposed Planning Policy for Wind and Solar Farms

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Consultation closed at the end of September on proposals to align national planning policy with the Government’s aspiration for Britain’s future as a ‘Clean Energy Superpower’ by 2030. Government has committed to respond...more

Sheppard Mullin Richter & Hampton LLP

First Commercial Offshore Wind Lease Sale in the Gulf of Maine Completed

On October 29, the Bureau of Ocean Energy Management (BOEM) held an auction for offshore wind areas in the Gulf of Maine. Although BOEM leased an offshore wind area in the Gulf of Maine for a research installation last...more

K&L Gates LLP

BOEM, DOD Sign MoU on Advancing Offshore Wind Development

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On Tuesday, 29 October 2024, the Bureau of Ocean Energy Management (BOEM) and the Department of Defense (DOD) signed a Memorandum of Understanding (MoU) to strengthen the coordinated development of offshore wind energy...more

Hogan Lovells

Overview of DPPA scheme in Vietnam and key issues for investors

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On 3 July 2024, the Vietnamese Government enacted Decree No. 80/2024/ND-CP (“DPPA Decree”) on direct power sale and purchase agreement (“DPPA”) mechanisms between renewable energy generation companies (“GENCOs”) and large...more

Stoel Rives LLP

Oregon Energy Facility Siting Council Finalizes Rulemaking to Clarify Contested Case Procedures for Energy Projects

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The Oregon Energy Facility Siting Council (EFSC or the Council), which oversees the siting of large-scale energy facilities including wind and solar power projects, voted late last month to finalize rulemaking to clarify...more

Hogan Lovells

U.S. Department of Treasury issues final 45X advanced manufacturing production credit rules

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Final 45X rules provide some important clarifications as to what is considered as produced in the U.S. for components and technical elements for certain components such as solar, battery storage, inverters, wind turbines and...more

Morgan Lewis

First Appeal Decisions on the Admissibility of Actions Based on the Duty of Vigilance

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On June 18, 2024, the new chamber 5-12 of the Paris Court of Appeal handed down its first three rulings on the admissibility of duty of vigilance claims in cases involving TotalEnergies, EDF, and Vigie Groupe (formerly Suez)....more

Foley Hoag LLP - Energy & Climate Counsel

With Public Input, Changes to New York’s Clean Energy Standard Begin to Take Shape

What changes to New York’s renewable energy programs are coming down the pike? Public comments filed with the New York Public Service Commission (the “Commission”) concerning the Commission’s Draft Biennial Review of the...more

ASKramer Law

Energy Tax Credits for a New World Part IX: Overview of Changes to Traditional Tax Equity Financing

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Tax equity investments in 2023 were about $20 billion annually. To meet the goals of the Inflation Reduction Act (IRA), “many forecasters estimate that tax equity will need to increase […] to over $50 billion.”...more

Sheppard Mullin Richter & Hampton LLP

Central Atlantic Auction – Key Takeaways and Next Steps

On August 14, the Bureau of Ocean Energy Management (BOEM) held an auction for two offshore wind areas in the Central Atlantic off the coasts of Delaware, Maryland and Virginia. While seventeen companies were qualified to bid...more

Locke Lord LLP

Furling the Sales: Offshore Wind Developers Are Tacking Away From Higher Risk Auctions

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Going into 2024, the Biden Administration was primed to hold four offshore wind lease sales during the one-year window established by the Inflation Reduction Act. But the recent announcement by the Bureau of Ocean Energy...more

ASKramer Law

Energy Tax Credits for a New World Part VII: Low-Income Communities Bonus Credits

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What is the Low-Income Communities Bonus Credit? The Low-Income Communities Bonus Credit available through the Inflation Reduction Act of 2022 (IRA) is designed to increase the siting of, and access to renewable energy...more

Jones Day

What Does a New UK Government Mean for Climate Change?

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On July 4, 2024, the UK general election took place, and the Labour Party won with a significant majority. After 14 years of Conservative Party rule, a number of changes are now expected in respect of the UK's position on...more

Orrick, Herrington & Sutcliffe LLP

Orrick’s APAC Energy Pulse

The Asia-Pacific region has experienced some headwinds in the renewable energy sector (particularly offshore wind) in recent times. These headwinds take the form of, for example, higher devex and capex costs, inadequacy or...more

Orrick, Herrington & Sutcliffe LLP

APAC Energy Pulse

The Asia-Pacific region has experienced some headwinds in the renewable energy sector (particularly offshore wind) in recent times.  These headwinds take the form of, for example, higher devex and capex costs, inadequacy or...more

Pillsbury - Gravel2Gavel Construction & Real...

Developer Perspectives on Today’s Energy Storage Markets

In 2023, the world added an impressive 45 gigawatts/97 gigawatt-hours of energy storage capacity, nearly tripling year-on-year growth, with the majority driven by battery storage installations. The global energy storage...more

Allen Matkins

Renewable Energy Update 8.29.24

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California will solicit up to 2 GW of long-duration energy storage resources as part of a 10.6 GW centralized procurement for emerging clean energy technologies to be deployed between 2031 and 2037, the California Public...more

ASKramer Law

Energy Tax Credits For A New World Part III: Overview of Bonus Credits

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Why did the Inflation Reduction Act (IRA) reduce the base amounts of the energy tax credits? The IRA reduced base credit amounts from their pre-IRA levels to encourage energy projects to meet Congressional policy objectives....more

Allen Matkins

Renewable Energy Update 8.22.24

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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

Perkins Coie

Full Speed Ahead—BOEM’s Offshore Wind Leasing Strategy Sailing Toward Full Implementation in 2024

Perkins Coie on

Notwithstanding supply chain challenges, canceled power purchase agreements, and general economic and political uncertainty, the Bureau of Ocean Energy Management (BOEM) has continued its push to implement its renewable...more

Locke Lord LLP

Wind in Our Sales: Decoding the ‎Central Atlantic Offshore Wind Auction Results

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On August 14, the Bureau of Ocean Energy Management (BOEM) held its long-awaited Central Atlantic lease sale, auctioning leases off Delaware and Virginia to Norwegian energy giant Equinor and utility Dominion Energy...more

Troutman Pepper

D.C. Circuit Finds That Interconnection Customers are Responsible for Network Upgrade Costs

Troutman Pepper on

On July 19, 2024, the United States Court of Appeals for the District of Columbia Circuit (“D.C. Circuit”) issued an Order denying Tenaska Clear Creek Wind, LLC’s (“Clear Creek”) challenges to FERC’s orders allowing the...more

Bennett Jones LLP

Clean Tech ITC Decoded: Benefits and Strategies for Canadian Businesses

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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

Allen Matkins

Renewable Energy Update 7.18.24

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The California Energy Commission (CEC) has adopted a strategic plan that will guide the state’s development of offshore wind energy. The plan outlines analysis and strategies to deploy floating turbines off California’s...more

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