News & Analysis as of

Tax Credits Offshore Wind Wind Power

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

Allen Matkins

Renewable Energy Update 3.21.24

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The first commercial-scale offshore wind farm in the United States is officially open, a long-awaited moment that helps pave the way for a succession of large wind farms. Danish wind energy developer Ørsted and the utility...more

Allen Matkins

Renewable Energy Update 12.21.23

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The Bureau of Ocean Energy Management (BOEM) will be conducting a regional environmental review of potential development activities on the five offshore wind lease areas off California’s central and north coasts....more

Locke Lord LLP

Treasury Issues Proposed Regulations ‎‎on Expanded ITC Under Inflation Reduction Act, ‎Boosting ‎‎Storage, Offshore Wind

Locke Lord LLP on

On November 17, 2023, the Internal Revenue Service (“IRS”) and the U.S. Treasury Department (“Treasury”) issued Proposed Treasury Regulations (REG-132569-17) (the “Proposed Regulations”) providing guidance and amending...more

Allen Matkins

Renewable Energy Update 8.18.23

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The U.S. Department of Defense (DoD) has approved Floventis Energy for the development and operation of CADEMO, the first floating offshore wind farm with 60 MW of capacity, to be located off the California coast near the...more

Locke Lord LLP

Brownfields and the Deep Blue Sea: ‎Offshore Wind Development and the IRA’s Energy ‎Communities ‎Provisions

Locke Lord LLP on

What generates clean power, is located in an Energy Community and is entirely surrounded by water? If you answered “an offshore wind farm along the coast of the United States,” you would likely curry much favor with the...more

Locke Lord LLP

Bridging the Gaps: Will the IRA Really ‎‎Be a Game Changer for Offshore Wind?‎

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The excitement surrounding the passage of the Inflation Reduction Act (“IRA”) was perhaps felt nowhere as strongly as among proponents of the US offshore wind industry. From project developers to original equipment...more

K&L Gates LLP

Carbon Quarterly – Special Edition

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Carbon Quarterly is a newsletter covering developments in carbon policy, law, and innovation. No matter your views on climate change policy, there is no avoiding an increasing focus on carbon regulation, resiliency planning,...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Inflation Reduction Act of 2022: Energy/Climate Provisions

United States Senate negotiators reached an agreement on July 27th on the Inflation Reduction Act of 2022 (“IRA”). The 725-page bill would use fiscal year 2021 reconciliation instructions to raise revenue in order to fund...more

Vinson & Elkins LLP

[Webinar] Recent Developments in U.S. Offshore Wind - August 16th, 12:00 pm - 1:00 pm CT

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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

Gray Reed

Renewable Energy Tax Credits: Green Energy Saving Greenbacks

Gray Reed on

The world needs energy, and increasingly more of it, but people are becoming concerned that the production of energy be done responsibly. A growing trend involves efforts to create more energy from renewable sources in hopes...more

McDermott Will & Emery

Biden Admin Explores Offshore Wind Development in the Gulf of Mexico

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Earlier this week, the Biden Administration announced its intent to consider further expansion of offshore wind development in the Gulf of Mexico. This announcement comes two weeks after the Biden Administration announced an...more

Vinson & Elkins LLP

[Webinar] Recent Developments in U.S. Offshore Wind Energy - March 4th, 12:00 pm - 1:00 pm CT

Vinson & Elkins LLP on

The United States has tremendous offshore wind energy resource potential with the ability to provide thousands of highly-skilled jobs and large amounts of renewable energy in close proximity to many of the country’s largest...more

Pillsbury Winthrop Shaw Pittman LLP

New Guidance from IRS Extends Safe Harbor for Offshore Wind and Federal Land Projects

The IRS issues anticipated continuity guidance providing relief to offshore wind developers and federal land projects. Offshore and federal land projects now have 10 years to be completed after the year in which...more

Bracewell LLP

Changes to Renewable and Carbon Capture Tax Credits under the Consolidated Appropriations Act, 2021

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On December 22, 2020, the U.S. House and Senate approved the Consolidated Appropriations Act, 2021 (the 2021 Act) and, on December 27, 2020, President Trump signed the 2021 Act into law. The 2021 Act extends tax credits...more

Foley & Lardner LLP

Production Tax Credit Extended for Renewable Projects Beginning Construction in 2020

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On December 20, 2019, the President signed the Taxpayer Certainty and Disaster Tax Relief Act of 2019 (the “Act”), which extends the current production tax credit (PTC) for wind for an additional year. The Act extends the...more

Bracewell LLP

From Sunrise to Sunset: Phasing-Out the Renewable Energy Tax Credits

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While corporate tax reform and reduced tax rates were the hallmark of sweeping 2017 legislation (the Tax Cuts and Jobs Act, or TCJA), and thus the focus of the media and tax professionals, the renewables industry was largely...more

Mintz - ML Strategies

Energy & Environment Update - October 2015

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Energy and Climate Debate - With Congress avoiding a government shutdown by passing a continuing resolution last week, both the House and Senate are in session this week with full schedules, including several energy and...more

McCarter & English, LLP

NJ On Offshore Wind: Let's Build A Project Already

Is New Jersey placing the cart before the horse when it comes to the establishment of rules regulating the state’s offshore renewable energy certificates? Instead of spending time analyzing how to mitigate the risks of...more

Allen Matkins

Renewable Energy Update -- March 5, 2013

Allen Matkins on

In This Issue: Renewable Energy Focus - US announces $27 million in solar funding; U.S. looks to offer competitive offshore wind leases; GEA releases 2013 U.S. Geothermal Industry Update; Ralls allowed to seek...more

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