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Energy Sector Renewable Energy Proposed Regulation

ASKramer Law

Energy Tax Credits for a New World Part II: Production Tax Credits and Investment Tax Credits: The Old and the New

ASKramer Law on

What is a Production Tax Credit (PTC)? A Production Tax Credit (PTC) is a per kilowatt-hour (kWh) tax credit for electricity generated by solar and other qualifying clean technologies for the first 10 years of a system’s...more

Bennett Jones LLP

Federal Government Proposes Potential Changes to Draft Clean Energy Regulations

Bennett Jones LLP on

On February 16, 2024, the Canadian government released an update on the Draft Clean Energy Regulations (Draft CER) and provided some proposed changes in response to the significant feedback affected parties provided on the...more

Foley Hoag LLP - Energy & Climate Counsel

Overhaul of Major Electric Transmission Siting Process Proposed in 2025 New York State Executive Bud

In last week’s State of the State address, New York Governor Kathy Hochul previewed the Renewable Action Through Project Interconnection and Deployment (“RAPID”) Act – a proposal to streamline and expedite the siting and...more

A&O Shearman

Takeaways from Treasury's proposed regulations on U.S. tax credits for clean hydrogen production

A&O Shearman on

The U.S. Treasury Department (Treasury) and the Internal Revenue Service (the IRS) issued proposed regulations on December 22, 2023, providing initial guidance on the clean hydrogen tax credit under section 45V (the 45V...more

BakerHostetler

Overview of the Proposed Regulations for Advanced Manufacturing Credits Under Section 45X

BakerHostetler on

As covered in our prior alerts, the Inflation Reduction Act enacted new renewable energy credits, including an advanced manufacturing production credit under Section 45X that provides tax credits to domestic producers and...more

Eversheds Sutherland (US) LLP

Section 45V: Treasury and IRS issue guidance on the Clean Hydrogen Production Tax Credit

On December 26, 2023, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued proposed regulations (Proposed Regulations) pertaining to the clean hydrogen production credit (Clean Hydrogen...more

Holland & Knight LLP

An In-Depth Look at Section 45X Proposed Regulations

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The U.S. Department of the Treasury and IRS on Dec. 14, 2023, released Proposed Regulations regarding the Section 45X Advanced Manufacturing Production Credit of the Internal Revenue Code. (See Holland& Knight's previous...more

Wilson Sonsini Goodrich & Rosati

Treasury and IRS Release Long-Awaited Proposed Regulations on Section 48 Investment Tax Credits

On November 17, 2023, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued a notice of proposed rulemaking (the Proposed Regulations) regarding the investment tax credit (ITC) under...more

McGuireWoods LLP

IRS Refreshes and Codifies Energy Property Tax Credit Guidance in Proposed Section 48 Regulations

McGuireWoods LLP on

On Nov. 17, 2023, the IRS and Treasury Department released a series of proposed regulations for the Section 48 investment tax credit (ITC) that the energy market has anticipated for nearly a decade. These proposed rules...more

A&O Shearman

Nine key takeaways from the UAE's new Hydrogen Strategy

A&O Shearman on

The UAE published its long-awaited hydrogen strategy last week, aiming to outline the key steps needed to position the UAE as a top global producer of low carbon hydrogen by 2031 and to support the UAE’s announced target of...more

Eversheds Sutherland (US) LLP

Key proposed regulations issued regarding prevailing wage and registered apprenticeship requirements

On August 29, 2023, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued proposed regulations (Proposed Regulations) on the clean energy prevailing wage and apprenticeship (PWA) requirements...more

Eversheds Sutherland (US) LLP

Treasury and IRS release proposed regulations on transferability of IRA renewable energy credits

On June 14, 2023, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued guidance on several topics related to tax credit monetization under the Inflation Reduction Act of 2022 (IRA),...more

Holland & Knight LLP

Inflation Reduction Act: Answers to Key Questions on Direct Pay and Transferability

Holland & Knight LLP on

The U.S. Department of the Treasury (Treasury Department) and Internal Revenue Service (IRS) released much-anticipated guidance in the form of two notices of proposed rulemaking (NOPRs) regarding the direct payment of tax...more

BakerHostetler

Overview of the Proposed Regulations Addressing Direct Pay

BakerHostetler on

As covered in our prior alerts, the Inflation Reduction Act[1] (IRA) modified and reinstated existing renewable energy credits, enacted new renewable energy credits, and enacted under § 6417 an election that allows applicable...more

Eversheds Sutherland (US) LLP

Treasury and IRS release domestic content guidance for renewable energy tax credits

On May 12, 2023, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) released Notice 2023-38 to provide guidance on the domestic content requirements under IRC sections 45, 45Y, 48, and 48E....more

Holland & Knight LLP

Eyes on Energy Tax Update: First Quarter 2023

Holland & Knight LLP on

Eyes on Energy Tax Update is a regular publication of the Holland & Knight Energy Tax Team that provides highlights of important energy tax developments. ...more

Mintz

EPA to Announce Proposed Regulation To Control GHG Emissions From Power Plants

Mintz on

It has been publicly reported that the Biden Administration's EPA will shortly "announce limits on greenhouse gas emissions from power plants that could compel them to capture the pollution from their smokestacks."  In...more

Morgan Lewis

Smoother Sailing to 30 GW by 2030: Proposed Enhancements to Offshore Wind Permitting Process

Morgan Lewis on

Leaders across the United States are prioritizing offshore wind development as an essential component of any strategy to address climate change, since the ocean is one of the few available areas that can provide enough...more

Latham & Watkins LLP

BOEM Floats Proposal to Modernize Offshore Wind Regulations

Latham & Watkins LLP on

A new proposal aims to streamline the process for permitting and developing offshore renewable energy projects and reduce costs to developers. On January 30, 2023, the Bureau of Ocean Energy Management (BOEM) published a...more

Williams Mullen

Virginia DEQ Issues Proposed Small Energy Storage Facilities Permit by Rule (PBR) Regulations for Comment

Williams Mullen on

On November 1, 2021, the Virginia Department of Environmental Quality (DEQ) issued proposed small energy storage facilities permit by rule regulations (Storage PBR Regulations). The proposed Storage PBR Regulations establish...more

Sheppard Mullin Richter & Hampton LLP

FERC Proposes Major Changes to PURPA Regulations Impacting Qualifying Facility Rates and Requirements; Throwing Roadblocks in the...

The Federal Energy Regulatory Commission (“FERC”) requested comments on a proposed rulemaking to revise its regulations under the Public Utility Regulatory Policies Act of 1978 (“PURPA”). The Notice of Proposed Rulemaking...more

Akin Gump Strauss Hauer & Feld LLP

Divided FERC Proposes Major Overhaul of PURPA Regulations

On September 19, 2019, the Federal Energy Regulatory Commission (FERC or the “Commission”) proposed to “modernize” its regulations under the Public Utility Regulatory Policies Act of 1978 (PURPA) to “better sync [them] with...more

Akin Gump Strauss Hauer & Feld LLP

Federal Clean Energy Initiatives Carry Potential Regulatory and Market Implications

In recent weeks, a flurry of Congressional activity has emerged to extend and expand federal support for clean energy initiatives. Introductions of the Renewable Electricity Standard Act and Renewable Energy Extension Act...more

Stoel Rives - Renewable + Law

New BLM Wind and Solar Development Guidelines on Public Lands Expected Soon

With a goal to spur wind and solar development on public lands, the Bureau of Land Management (BLM) is expected to soon release a new rule that will streamline approval of new renewable energy projects....more

Brownstein Hyatt Farber Schreck

The Top 6 Takeaways From the EPA's Proposed Greenhouse Gas Rules

The Environmental Protection Agency (EPA) released a proposed rule this yesterday that would regulate carbon dioxide (CO2) emissions from existing power plants. The rule would require reductions in CO2 emissions of 25 percent...more

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