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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

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

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

Perkins Coie

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

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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

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

Orrick, Herrington & Sutcliffe LLP

Japan Renewables Alert 68

As July 19, 2024, the final date for the application period for the Round 3 offshore wind auctions pursuant to the Act on Promoting Utilization of Sea Areas in Development of Power Generation Facilities Using Maritime...more

McGuireWoods LLP

Final Sale Notice Announced for Wind Lease Areas Off Delaware/Maryland and Virginia

McGuireWoods LLP on

After a lengthy process to identify potential offshore wind energy areas that originated in 2022, on June 28, 2024, the U.S. Department of the Interior announced the auction date for two offshore wind lease areas...more

Stinson LLP

Minnesota Enacts Sweeping Energy Legislation with Implications for Permitting, Transmission, and Decarbonization

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Minnesota Governor Tim Walz recently signed into law sweeping energy legislation designed to ease permitting burdens on renewable energy development and address interconnection and transmission congestion in the state (the...more

Holland & Knight LLP

En Colombia, modifican cronograma de ronda eólica costa afuera

Holland & Knight LLP on

El Ministerio de Minas y Energía (MME), la Dirección General Marítima (DIMAR) y la Agencia Nacional de Hidrocarburos (ANH) de Colombia publicaron el 22 de mayo de 2024, la Adenda No. 2 a los pliegos del proceso competitivo de...more

Wilson Sonsini Goodrich & Rosati

CPUC Seeks Comments on Centralized Procurement Mechanism Impacting California Offshore Wind Development

On April 26, 2024, Administrative Law Judge Julie Fitch of the California Public Utilities Commission (CPUC) issued a ruling seeking comments on the use and implementation of a centralized procurement mechanism established in...more

Perkins Coie

Floating Offshore Wind in the Gulf of Maine—BOEM and the State of Maine Take Next Steps Toward Development and Procurement of...

Perkins Coie on

Marching toward its goal of deploying 30 gigawatts (GW) of offshore wind by 2030, the Bureau of Ocean Energy Management (BOEM) published on May 1, 2024, a proposed sale notice (PSN) to auction eight lease areas for commercial...more

Locke Lord LLP

Floating on Both Coasts: Gulf of Maine ‎and Oregon Proposed Sale Notices Are a Study in Contrasts

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If the offshore wind industry is going to come close to meeting the Biden Administration’s goal of deploying 15 GW for floating wind by 2035, it’s going to require a lot of turbines spinning in the Gulf of Maine and off a...more

K&L Gates LLP

Calming the Seas for Offshore Wind: Renewable Energy Modernization Rule Seeks to Boost Regulatory and Financial Certainty for Wind...

K&L Gates LLP on

On 24 April 2024 the Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety and Environmental Enforcement (BSEE) issued a final rule to update regulations for renewable energy development on the US Outer...more

Perkins Coie

Oregon Offshore Wind Watch—BOEM Publishes Proposed Sale Notice and Draft Environmental Assessment

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The Bureau of Ocean Energy Management (BOEM) published a proposed sale notice for an offshore wind energy lease auction in Oregon on May 1, 2024.[1] The Oregon lease sale is anticipated to occur in October 2024. Comments on...more

Locke Lord LLP

Offshore Wind Gets Some Modern Love: BOEM/BSEE Update Regulations to Better Reflect Current Practices

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Last week, the Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety and Environmental Enforcement (BSEE) jointly finalized a long-awaited overhaul of their offshore wind leasing and permitting regulations, which...more

Clark Hill PLC

[Webinar] Preparing for Clean Energy Tax Credit Transfer Transactions - May 1st, 12:00 pm - 1:00 pm EDT

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Project developers in the EV, solar, wind, battery, CCUS, hydrogen, biofuels, and energy efficiency markets have been blessed by the IRS with the ability to transfer tax credits directly to willing buyers. Tax equity...more

Stoel Rives - Renewable + Law

New Legislation Authorizes Oregon Energy Facility Siting Council to Certify Standalone Battery Energy Storage Systems but Stops...

The Oregon Energy Facility Siting Council (EFSC) oversees the siting of large-scale energy facilities like wind and solar power projects, which often include an associated Battery Energy Storage System (BESS). BESS is a...more

Locke Lord LLP

Update to Standing up to the Plaintiffs: Courts Scrutinize Pretextual Challenges to Offshore Wind

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UPDATE: A recent lawsuit against Dominion Energy’s approved Coastal Virginia Offshore Wind (CVOW) project off the coast of Virginia underscores our prediction in our March 8 QuickStudy that plaintiffs will craft their...more

White & Case LLP

Japan Offshore Wind Update – Round 2 Results & Round 3 Process

White & Case LLP on

The Japanese government released the results of the remaining "Round 2" offshore wind auctions. A consortium of Japanese and foreign developers was selected. Meanwhile, the next "Round 3" auctions are in progress....more

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