News & Analysis as of

Renewable Energy Energy Policy Production Tax Credit

Cadwalader, Wickersham & Taft LLP

Energy Tax Credit Sales Stay Fully Charged Despite Uncertain Road Ahead

The Inflation Reduction Act of 2022 (the “IRA”) allows firms to develop and sell clean energy tax credits.  Now that most of the key guidance has been finalized, here is everything you need to know about energy tax credit...more

Stinson - Government Contracting Matters

The Inflation Reduction Act’s Sowing of Biofuels for Future Harvests

The Inflation Reduction Act (IRA) is one of the most ambitious pieces of legislation yet aimed at combating climate change and promoting energy independence. Its proponents claim that it will reduce carbon emissions by 40%,...more

Mayer Brown

The Green Energy Tax Incentives of the Inflation Reduction Act of 2022

Mayer Brown on

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

Lowndes

Solar Industry to See Historic Investment from Inflation Reduction Act

Lowndes on

The Inflation Reduction Act of 2022, which Senate Democrats intend to move through their chamber using a budget reconciliation process allowing it to pass with 50 votes (plus Vice President Harris breaking a tie) before it...more

Mayer Brown

US House Ways and Means Committee Proposes Substantial Green Energy Support

Mayer Brown on

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

Vinson & Elkins LLP

Offshore Wind — The Current State of Affairs

Vinson & Elkins LLP on

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

McDermott Will & Emery

Key Takeaways | The Energy Market in 2021: Legislative Update on Renewable Energy Tax Incentive

McDermott Will & Emery on

The energy market has undergone significant change in the past 12 months, with even more on the horizon. Our webinar series explores how these changes have shaped—and will continue to impact—the energy industry, including...more

McDermott Will & Emery

[Webinar] The Energy Market In 2021: From Crisis To Opportunity | Legislative Update On Renewable Energy Tax Incentives - May...

McDermott Will & Emery on

The energy market has undergone significant change in the past 12 months, with even more on the horizon. Join us for a webinar series as we explore how these changes have shaped—and will continue to impact—the energy...more

Cozen O'Connor

Developments in Offshore Wind: Part Two

Cozen O'Connor on

The Biden administration’s approach to policy setting in the offshore wind context can already be seen in recent legislation and executive orders related to tax law, maritime law, and environmental law. We address the...more

Mayer Brown

IRS Offshore Wind Guidance is Officially Published with a Material Tweak

Mayer Brown on

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

Gray Reed

Renewable Energy Tax Credits Extended by New COVID Relief Law

Gray Reed on

The recently passed Consolidated Appropriations Act, providing additional COVID pandemic relief, also includes important extensions for renewable energy tax credits....more

Stinson LLP

Energy Credits Extended for Wind and Solar Facilities

Stinson LLP on

On December 21, the House and Senate reached agreement on extension of the production tax credit (PTC) for wind energy facilities and the investment tax credit (ITC) for wind and solar energy facilities....more

Hogan Lovells

Congress' year-end funding bill included extensions of tax credits for renewable energy, including wind, biofuels, and others

Hogan Lovells on

In a rare display of bipartisanship, both houses of Congress and President Trump were able to come to agreement in the waning hours of the 2019 congressional session to extend government funding for fiscal year 2020. Included...more

Mintz - ML Strategies

Energy & Sustainability Washington Updates - December 2019

Mintz - ML Strategies on

Congress returns to Washington the week of December 2 for a short work period of two weeks, although additional legislative days may be added to the calendar as the House and Senate work to conclude several matters before the...more

Holland & Knight LLP

House and Senate Tax Bills Target Renewable Energy Projects

Holland & Knight LLP on

The U.S. Senate passed its version of a bill to overhaul the U.S. tax code on Dec. 2, 2017, and is now working with the House of Representatives to reconcile its bill with the House's version, passed in November. The goal of...more

Mayer Brown

WindPower 2017 Soundbites

Mayer Brown on

The American Wind Energy Association’s (AWEA) annual conference, WindPower, was held in Anaheim, California. Below are soundbites from panel discussions on May 24, 2017. The soundbites were prepared without the benefit of a...more

Foley & Lardner LLP

From ESA to Keystone to EPA, Changes Coming Fast

Foley & Lardner LLP on

Few things are certain leading up to Donald Trump’s presidency. But there is no question that environmental and energy policy will take center stage in the days – perhaps hours – following his inauguration....more

Bracewell LLP

Post-Election Update 2016

Bracewell LLP on

The 2016 election results have significant implications for companies across a wide range of industry sectors. From environmental policy to financial services to tax reform, President-elect Trump has committed to sweeping...more

King & Spalding

Energy Newsletter - February 2016

King & Spalding on

Middle East PPP Policy Developments: Kuwait and Dubai - Introduction - In a climate of falling oil prices and tightening government budgets, several states in the Gulf Cooperation Council region (GCC) are looking...more

Mintz - ML Strategies

Energy & Environment Update - December 2015 #2

Mintz - ML Strategies on

Energy and Climate Debate - Congress approved today a $1.1 trillion omnibus appropriations and $680 billion tax extenders package (H.R. 2029) and adjourned for the first session of the 114th Congress. Please find below a...more

Mintz

Energy Technology Connections Newsletter: Your Law Firm Link to Industry News - October 2015

Mintz on

A Note from the Editors - Our October edition of Energy Technology Connections brings you recent industry highlights, the latest news from Capitol Hill, and a list of upcoming energy industry events. In Leaders in the...more

Allen Matkins

Renewable Energy Update - January 2015 #2

Allen Matkins on

Renewable Energy Focus - California Governor Brown calls for 50 percent renewables by 2030 - Greentech Media - Jan 5: California Governor Jerry Brown has upped the ante on the state’s green energy goals, calling...more

Foley & Lardner LLP

Production Tax Credit Extended for Renewable Projects Beginning Construction in 2014

Foley & Lardner LLP on

On December 19, 2014, President Obama signed into law the Tax Increase Prevention Act of 2014 (H.R. 5771). H.R. 5771 includes a retroactive one-year extension of the section 45 renewable electricity production tax credit...more

Allen Matkins

Renewable Energy Update -- November 2014

Allen Matkins on

Renewable Energy Focus - U.S. solar consolidation seen before tax credit expires: Bloomberg - Oct 20: Acquisitions in the solar industry will accelerate as manufacturers and developers prepare for the expiration of a...more

Akin Gump Strauss Hauer & Feld LLP

CRS Report on the Production Tax Credit

On October 2, the Congressional Research Service (CRS) published an overview of the production tax credit (PTC). The report is available below. It contains a helpful summary of the history of the PTC and an insightful...more

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