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Akin Gump Strauss Hauer & Feld LLP

This Week's Climate Policy Update - August 2024 #2

Good afternoon! This is Akin’s newsletter on climate change policy and regulatory developments, providing information on major climate policy headlines from the past week and forthcoming climate-related events and hearings...more

Akerman LLP

News Flash: The Application Portal for the 2024 Low-Income Communities Bonus Tax Credit Program Is Open!

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The application portal for the 2024 Low-Income Communities Bonus Credit Program opened on May 28, with a 30-day initial application window ending at 11:59 pm ET on June 27. All applications during the initial window are...more

Pierce Atwood LLP

Portal Opens for Solar and Wind Low-Income Communities Bonus Tax Credit Applications

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The U.S. Department of Treasury, Internal Revenue Service (IRS) and Department of Energy (DOE) announced that the portal for applying for the 2024 low-income communities, or environmental justice, bonus investment tax credit...more

Pillsbury Winthrop Shaw Pittman LLP

Treasury Department Announces Process and Timetable to Allocate $6 Billion in Qualifying Advanced Energy Project Credits

The application cycle for Treasury to award this round of credits will soon open, providing applicants an opportunity to receive significant funding for clean energy, industrial decarbonization and critical materials...more

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

IRS Releases 2024 Procedural Guidance for Solar and Wind Projects in Low Income Communities

Last week the Department of Treasury and Internal Revenue Services (IRS) issued procedural guidance for the second year of the Low-Income Communities Bonus Credit Program under Section 48(e) of the Internal Revenue Code...more

Mintz - Energy & Sustainability Viewpoints

Energy & Sustainability Washington Update — April 2024

Bipartisan Infrastructure Law & Inflation Reduction Act Opportunities - Visit our Energy Funding Matrix for a roundup of various federal clean energy funding and financing opportunities. We update the matrix on a biweekly...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

McGuireWoods LLP

30-Day Initial Application Window for Low-Income Communities Bonus Credit Fast Approaching

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On Oct. 19, 2023, the Department of Energy began accepting applications for all categories of the Low-Income Communities Bonus Credit Program for small-scale wind and solar projects....more

Blank Rome LLP

DOE Releases Draft Roadmap to Address Interconnection Challenges for Clean Energy Projects

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On October 25, 2023, the Department of Energy (“DOE”) released a draft roadmap addressing challenges to the interconnection of clean energy projects to the transmission grid. The roadmap, developed by the Interconnection...more

Akerman LLP

October 19 – First Day to Submit Applications to the Low-Income Community Bonus Tax Credit Program

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The DOE Portal for submitting applications to the "Low-Income Communities Bonus Credit Program" for all four facility categories opens on October 19, 2023, at 9:00 am ET. All applications received by November 18 at midnight...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

DarrowEverett LLP

What IRS’s Low-Income Adder Guidance Means For Renewables Projects

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The Inflation Reduction Act of 2022 (the “Act”) breathed new life into the tax scheme for renewable energy projects, creating a new base tax credit with a series of adders that can significantly increase viability of projects...more

Vinson & Elkins LLP

Treasury Issues Final Regulations on Low-Income Communities Bonus

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On August 10, 2023, the Department of Treasury (the “Treasury”) and the Internal Revenue Service (the “IRS”) issued final regulations (the “Final Regulations”)1 providing additional guidance to taxpayers on the “Low-Income...more

Allen Matkins

Renewable Energy Update - 7.06.23

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Jobs in the U.S. energy industry rose 3.8% last year, faster than overall employment growth and led by work in clean energy, the Department of Energy said last Wednesday. According to the U.S. Energy and Employment Report,...more

Pillsbury Winthrop Shaw Pittman LLP

Treasury Department Announces Additional Guidance and Timetable to Allocate $4 Billion in Qualifying Advanced Energy Project...

The application cycle for the first round of credits will soon open. Treasury’s additional guidance clarifies what types of facilities may qualify for credits, the submission process and the selection criteria for evaluating...more

Allen Matkins

Renewable Energy Update - 4.28.23

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The type of floating wind turbines needed to harness California’s blustery coastal conditions are rare — most turbines are affixed to the ocean floor — posing a technically challenging yet alluring opportunity for innovation...more

Allen Matkins

Renewable Energy Update - 2.23.23 - #4

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The Biden administration announced initiatives on February 22 to prepare states for floating offshore wind, which some say could revolutionize renewables on the West Coast. The plans from the White House, Department of Energy...more

King & Spalding

H2ypothetical - Prevailing Wage and Apprenticeship Requirements

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The Inflation Reduction Act of 2022 (the Act) included multiple tax benefits for hydrogen production, storage and utilization, summarized in the following King & Spalding Client Alert. Many of these provisions became...more

Holland & Knight LLP

Going Green in Commercial Real Estate: Aim for a Zero-Emissions Building Standard

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In order to obtain and maintain a green real estate loan, the loan recipient must construct or renovate existing buildings to have minimal impact on the environment. The ultimate goal for green architecture is to achieve a...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights, Volume 6, Issue 12

● Offshore Oil and Gas at Risk of Potentially Catastrophic Cyberattack: GAO - “The industry includes about 1,600 offshore oil and gas facilities that are highly dependent on remotely connected operational technology, the...more

Allen Matkins

Renewable Energy Update - November 2022 #2

Allen Matkins on

California adds ambitious targets to revised climate change strategy - KCET – November 17 - The California Air Resources Board has unveiled a new version of its strategy for battling climate change. If adopted by the...more

Akin Gump Strauss Hauer & Feld LLP

This Week’s Climate Policy Update - October 2022 #3

As the Department of Energy rolls out its historic H2Hubs program, the department will be accepting concept papers for the program centered on the production, storage and use of clean hydrogen through November 7. The...more

Allen Matkins

Renewable Energy Update - September 2022 #5

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DOE opens $7B hydrogen hub funding opportunity Bullet Utility Dive – September 23 The U.S. Department of Energy (DOE) is accepting applications for $7 billion in funding to develop at least a half dozen regional clean...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights, Volume 6, Issue 9

Coal Producer Plans to Create 181 New Jobs in Southwest Virginia Mine Complex - "Coronado Global Resources Inc., an international coal company, is committing $169.1 million toward the effort to increase capacity at its...more

Harris Beach PLLC

Inflation Reduction Act to Energize Renewables and Energy Transition Projects

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The Inflation Reduction Act of 2022 (the “IRA”), signed by President Biden into law on August 16, promises to further invigorate an already booming sector of the economy – the renewables industry and energy transition sector....more

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