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Current Market Conditions
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The past year in the US renewable energy industry has been the story of a strong tailwind offset to some degree by various headwinds. Conditions are improving. However, Donald Trump ...

Cost of Capital: 2024 Outlook
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Four veteran tax equity investors and project lenders talked during a live podcast in mid-January about what to expect in the tax equity, tax credit sale and bank lending markets this year.

Multiple Definitions of “Project” for Energy Tax Credit Purposes
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Whether a renewable energy project qualifies for tax credits depends on how “project” is defined.

Ep240: Anza CEO on Solar Procurement
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Mike Hall, CEO of Anza Renewables, joins us to discuss Anza’s solar procurement platform and more.

Reformas a Ley de la Industria Eléctrica en México son Declaradas Parcialmente Inconstitucionales
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La Suprema Corte de Justicia de la Nación declaró que parte de las reformas a la Ley de la Industria Eléctrica (LIE) que el presidente de México, Andrés Manuel López Obrador, presentó para posterior ...

Mexican Power Reforms Partly Unconstitutional
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The Mexican Supreme Court declared amendments to the electric industry law (LIE) that Mexican President Andrés Manuel Lόpez Obrador put through the Mexican Congress in March 2021 partly unconstitutional.

Ep239: Nomura’s Vinod Mukani on the state of the commercial bank market
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Vinod Mukani of Nomura Securities joins us for a discussion on the state of the commercial bank market and Nomura’s success with development loan facilities.

Ep238: Tariff Moratorium Update
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Stefan Reisinger joins us to give an update on the tariff moratorium applied to solar modules imported from Vietnam, Malaysia, Thailand and Cambodia.

Ep237: DoubleLine Capital making moves into infrastructure
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Andrew Hsu, portfolio manager at DoubleLine Capital, joins us to discuss DoubleLine’s investment in the infrastructure space.

Auxin Challenges Solar Tariff Moratorium
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Some US solar developers may have to add new contingent liabilities to their balance sheets on account of a lawsuit filed by two US manufacturers in ...

Ep236: Cost of Capital: 2024 Outlook
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Four project finance industry veterans talk about what to expect in the year ahead for tax equity, tax credit sales and debt.

Tax Equity News: Hydrogen Tax Credit Guidance
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The US Treasury has released proposed hydrogen tax credit regulations.

Hydrogen Tax Credit Guidance
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New hydrogen tax credit rules released by the US Treasury just before Christmas will make it hard to finance projects that use electrolyzers.

Ep235: Mini-grids and bringing power to developing areas
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William Brent, chief marketing officer of Husk Power Systems, joins us to discuss Husk’s work in bringing electricity to developing areas.

Tax Equity News: Manufacturer’s tax credits under section 45X proposed regulations
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The US Treasury has issued proposed regulations addressing manufacturer’s tax credits under section 45X.

Manufacturer tax credits under section 45X
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Guidance the US Treasury released on December 14 for claiming section 45X tax credits for manufacturing components for solar, wind and storage projects will require checking whether the manufacturer ...

Ep234: Fluence President on energy storage projects
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The president of Fluence joins us to discuss energy storage projects, how the Inflation Reduction Act has affected them and more.

Low to Middle Income (LMI) Investment Tax Credit (ITC) Adder Dashboard: Oversubscribed but Capacity for Indian Land & Certain Resi Categories
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Treasury has launched a LMI adder dashboard that tracks the application and approval process of the 10% investment tax credit adder for wind and solar projects have a capacity of 5 megawatts or less

Podcast | David Burton on the Inflation Reduction Act and Transferable Tax Credits
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David Burton joins Ted Sheen who heads Clean Tech Americas for Standard Chartered in a two-part podcast to discuss the purpose of the Inflation Reduction Act

FERC Moves to Break the Interconnection Logjam
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The Federal Energy Regulatory Commission has issued new interconnection rules that will apply to nearly every transmitting utility outside of ERCOT.

Ep233: Plus Power on stand-alone energy storage
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Brandon Keefe and Joshua Goldstein of Plus Power join us to discuss stand-alone battery storage.

New Investment Tax Credit Regulations
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New investment tax credit regulations issued by the Internal Revenue Service on Friday answered a number of questions that the market has had about investment credits on renewable energy projects ...

Tax Equity News: Proposed investment tax credit regulations
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The US Treasury has issued proposed investment tax credit (ITC) regulations.

Ep232: Insurance Affecting Projects | Part II
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A discussion on how climate change is affecting insurance with industry professionals from Munich Re, Liberty Specialty Markets and The Geneva Association.

Podcast | David Burton on Energy Tax Credits in the Inflation Reduction Act
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David Burton joins Uptime Wind Energy Podcast

Ep231: Insurance Affecting Projects | Part I
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Rising insurance costs and shrinking coverage are starting to limit where renewable and other energy projects can be built.

Ep230: Clean Energy Associates Vice President discusses market trends
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Dan Shreve of Clean Energy Associates joins us for a wide-ranging discussion about the current environment around existing and emerging technologies in the energy mix.

Ep229: Declan Flanagan, CEO of Bluestar, discusses renewable investing
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Declan Flanagan, founder and CEO of Bluestar Energy Capital, joins us for a wide-ranging discussion, including what he sees as the most promising markets and more.

Ep228: CEO of Spearmint Energy on battery energy storage
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Andrew Waranch, CEO of Spearmint Energy, joins us to discuss his company and why he chose to go into battery energy storage.

Ep227: Intersect Power CEO on the Power Grid
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Sheldon Kimber, CEO of Intersect Power, joins Todd Alexander for a discussion about the United States power grid system.

Ep226: Aon Co-CEO Gives an Overview of Tax Credit Insurance
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Gary Blitz, global co-CEO of Aon's M&A and transaction solutions practice, joins us to talk about the insurance market for tax credit transfers.

Ep225: Invenergy Vice Presidents Discuss Build-Transfer Transactions
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Kyle Hermanson and Nate Hoeppner of Invenergy join us to discuss build-transfer transactions.

Bonus episode: Renewables professionals predict the World Series
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In this bonus episode, friends of the podcast give their predictions on who will win the 2024 World Series.

Ep224: Energy Storage Outlook
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Adam Hise, managing director of storage risk solution at Ascend Analytics, joins us to discuss the size and position of the energy storage market.

Ep223: Investing in decarbonization: Insights from an experienced investor
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Benoit Allehaut, chief investment officer at XCarbon Technologies, joins Todd Alexander for a discussion about investment trends in the wind and solar sectors.

Ep222: An Assessment of the IRA
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Bill Green, managing partner of Climate Adaptive Infrastructure, joins Todd Alexander in a wide-ranging discussion about how the renewable energy market may not be fully appreciating the impact of the IRA.

Ep221: Opportunities for Sustainability in Commercial Real Estate
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Michael Beckerman, CEO of CREtech, joins Todd Alexander to discuss how commercial real estate developers are taking a closer look at renewable energy sustainability.

Ep220: Taking its toll — Tolling Agreements and Offtake Strategies
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Christine Brozynski, partner in Norton Rose Fulbright’s projects practice, joins Todd Alexander to talk about recent trends in offtake strategies for energy storage projects.

Proposed Basel III Rules could be catastrophic for the traditional tax equity market
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On July 27, 2023, the Office of the Comptroller of the Currency, Treasury; the Board of Governors of the Federal Reserve System; and the Federal Deposit Insurance Corporation (the “U.S. Banking Authorities”)

Ep219: Northern Lights: Alight's CEO talks about solar in Scandinavia and the rest of Europe
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Dr. Harald Överholm, CEO and founder of Alight, joins Todd Alexander to talk about the opportunities and challenges in the European solar market.

Tax Equity News: Wage and apprentice proposed regulations
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The US Treasury issued proposed regulations filling in missing details regarding the prevailing wage and apprentice requirements, which the Inflation Reduction Act of 2022 requires developers to comply with

Wage and Apprentice Requirements
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The Internal Revenue Service filled in many missing details this week in new wage and apprentice requirements.

Ep218: Debt Workouts and Liability Management Transactions
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Eric Daucher joins us to talk about debt workouts and liability management transactions, how they are executed and leveraged, their legality, how investors and lenders can avoid litigation, and more.

Ep217: Ampion CEO discusses community solar
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Nate Owen, founder and CEO of Ampion, joins Todd Alexander to talk about what Ampion does and the role it plays in managing distributed generation projects.

Low-Income Community Bonus Credit – Final Regulations
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The community solar and rooftop solar industries were starting to lose hope of claiming the economic justice bonus credits on 2023 projects.

Ep216: Heating Up: New geo-thermal developments and technology
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Neil Ethier, vice president of business development for Eavor, joins Todd Alexander to talk about the new approach Eavor has developed to tap geothermal energy.

Ep215: Getting Worked Up — What to Know About the IRA’s Wage Requirements
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Taylor Gant joins Todd Alexander to explain the wage requirements portion of the Inflation Reduction Act.

Transferable Tax Credits Treated Favorably Under the OECD’s Pillar Two
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On July 17, 2023, the Organization for Economic Cooperation and Development (the “OECD”) released favorable guidance on transferable tax credits under Pillar Two.

Ep214: Plug Power CEO Discusses Future of Hydrogen Economy
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Andy Marsh, president and CEO of Plug Power, joins Todd Alexander for a lively discussion about green hydrogen.

Post-IRA Tax Incentive Regime for Carbon Capture, Renewable Natural Gas and Clean Hydrogen
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The Inflation Reduction Act’s enhancements to carbon capture and sequestration tax credit and new tax credits for biogas investment and clean hydrogen production is creating novel opportunities for developers.

Sustainable Aviation Fuel Tax Incentives
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Among the Inflation Reduction Act’s package of credits and incentives for renewable fuel production is a new set of tax credits for sustainable aviation fuel (“SAF”).

Ep213: Community Solar Update
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Aaron Halimi, President of Renewable Properties, speaks with Todd Alexander on a range of topics concerning community solar.

Ep212: Trends in the Renewables Market
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Nick Knapp, partner and senior managing director at CohnReznick Capital, joins Todd Alexander for an overview of current and future market trends.

PTC Inflation Adjustment
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Calculation Conventions Result in Higher PTC Rate for Old Projects than New Projects After 2023 Inflation Adjustment

Tax Equity News: More Alta Wind purchase price allocation analysis
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A US Court of Federal Claims decision on June 20 that suggested the purchase price paid for a power project should be allocated partly to any tax credits or other government subsidies for which it qualifies

More Alta Wind Analysis
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A US Court of Federal Claims decision on June 20 that suggested the purchase price paid for a power project should be allocated partly to any tax credits or other government subsidies.

Purchase Price Allocations
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Buyers of projects that qualify for future government payments must allocate part of the purchase price to such payments, the US claims court suggested in mid-June.

Tax credit sales
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Prices have been mainly in the 90¢ to 93¢ range, but are creeping higher. Buyers can carry back tax credits and recover taxes paid up to three years in the past.

Potential stimulus for carbon capture and clean hydrogen
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New EPA rules should create more demand for carbon capture and low-carbon hydrogen at coal- and gas-fired power plants.

Key issues for hydrogen developers
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Green hydrogen projects are significantly more complicated than the typical wind or solar project.

Hydrogen pipeline regulation
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The US has no clear framework for regulating interstate hydrogen pipelines. There are three possible regimes.

LMI bonus credit guidance
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Bonus tax credits of 10% or 20% of project cost can be claimed on some community and rooftop solar projects. The complexity is vastly out of proportion to the small size of the projects.

Comparing carbon offset credits
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Demand for voluntary carbon credits is outpacing the supply. The supply is hampered by concerns about quality of the carbon credits.

Sports stadiums and renewable energy
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Sports stadiums consume large amounts of electricity during games, making them good candidates for renewable energy.

Domestic content calculations
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Project developers are having a hard time getting the data they need from manufacturers to do the calculations required to claim a domestic content bonus tax credit.

Contract manufacturing
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Contract manufacturing is becoming more important as some manufacturers angling for section 45X credits for making components for wind, solar and storage projects farm out the physical work to other companies.

Split-scope battery purchase contracts
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Splitting contracts to buy and then install utility-scale batteries among multiple contractors is a complicated process that can be done, but carries risk.

Environmental update
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The US Supreme Court stripped protection under the Clean Water Act for more than 50% of the nation's previously-regulated wetlands.

Manufacturer tax credits: Section 48C
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Manufacturers who plan to apply for an initial round of $4 billion in tax credits for building production lines to make products for the green economy have until noon eastern time on July 31 to submit.

PTC inflation adjustment
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Production tax credits for producing renewable electricity will be higher this year than in 2022, but the amount varies depending on when the project went into service.

Wage and apprentice negotiations
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Developers are having to negotiate more wage and apprentice provisions in construction contracts now that the January 28 deadline to avoid them has passed.

Ep211: New Proposed IRS Guidance on Tax Credits Transferability
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Hilary Lefko joins host Todd Alexander in a conversation on the proposed guidance on tax credits and transferability recently released by the IRS.

The Two Low-Income Community Bonus Tax Credit Programs
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As sponsors and investors begin to plan projects and investments to take advantage of the Inflation Reduction Act’s ("IRA”) low-income community bonus tax credits (the “LIC Bonus Credit”)

IRS Transferability Guidance
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The tax credit sales market should ramp up quickly. Buyers will have to repay the government if tax credits are recaptured or disallowed on audit.

Tax Equity News: Transferability proposed regulations
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The US Treasury issued proposed regulations addressing the rules for the transfer (sale) of energy tax credits under section 6418 as added by the Inflation Reduction Act of 2022.

Ep210: Fuel Cells
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Gregory Adams, Senior Vice President of FuelCell Energy, joins host Todd Alexander for a discussion about fuel cells.

USDA’s New Funding for Rural Electrification
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One of the many aims of the Inflation Reduction Act of 2022 (IRA) is to bring reliable and affordable renewable energy sources to rural America. The U.S. Department of Agriculture (USDA) recently announced its

Ep209: New legislation in Texas creates a murky landscape for renewables
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Judd Messer and Jeffrey Clark of the Advanced Power Alliance in Texas join host Todd Alexander in a discussion on the new legislation passed in Texas that imposes restrictions on renewable energy development.

Mexico Redefines Clean Energy
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The Mexican energy sector is embroiled in a new controversy. A resolution issued in May by the CRE lowers efficiency requirements for cogeneration facilities ...

EP208: Current Trends in Renewables
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CEO of Marathon Capital Ted Brandt talks with Todd Alexander about  how the Inflation Reduction Act has affected the landscape of deals in the renewables sector and more

Ep207: The Climate Mobilization Act
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Jeff Hendler, CEO of Logical Buildings, and our host Todd Alexander discuss the Climate Mobilization Act.

ITC and PTC Cheat Sheet
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A colleague, who is not a tax lawyer, asked for a cheat sheet with key facts about the production tax credit (PTC) and the investment tax credit (ITC) after the Inflation Reduction Act of 2022 (IRA).

Texas Debates Tilt Toward Gas-Fired Power Plants
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Texas legislators are pushing seven bills aimed at bolstering traditional dispatchable power in a bid to fix a reliability problem with the Texas power grid.

Domestic Content Bonus Credit
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The Internal Revenue Service explained today how to determine whether wind, solar, storage and other renewable energy projects qualify for a bonus tax credit for using enough domestic content. inflation

Table 2 – Categorization of Applicable Project Components
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The Internal Revenue Service explained today how to determine whether wind, solar, storage and other renewable energy projects qualify for a bonus tax credit for using enough domestic content.

Government Lawyers Discuss Energy Tax Credits at ABA Meeting
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The American Bar Association 2023 May Tax Meeting was held in Washington, DC, over a three-day period.

Ep206: How the IRA has affected the MCOE
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Michael Tatarsky, managing director, and Colin Smith, senior research analyst, with CohnReznick Capital join Todd Alexander to discuss the market cost of energy.

Tax Credit Insurance Mitigates Risk for Tax Credit Transfers but Due Diligence is Still Necessary
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The Inflation Reduction Act of 2022 (IRA) changed almost a century of federal tax law and allowed energy credits to now be sold.

Ep205: “Transferability” - Tax Credit Sales
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The Inflation Reduction Act last August let companies sell nine types of federal tax credits to other companies for cash

Energy Community Qualification and IRS Rules for Unemployment Data
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The Bureau of Labor Statistics (BLS) published the official 2022 unemployment data, which provides the final puzzle piece for some owners of clean energy projects to be able to determine if their project

Ep204: Global Mining Supply Chain
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Martin McCann, partner in London, joins Todd Alexander to discuss the global mining supply chain.

Are you using the right version of the IRS’s energy community notice
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Notice 2023-29 was generally welcomed news to the renewable energy industry as it provided significant clarify about how to determine if a project is sited in an “energy community.”

Energy community bonus credit guidance
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The IRS filled in missing details that were making it hard for renewable energy developers to feel confident about which projects qualify for a new 10% bonus tax credit for projects in "energy communities."

Tax Equity News: Energy community bonus credit guidance
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The Internal Revenue Service filled in missing details that were making it hard for renewable energy developers to feel confident about which projects qualify for a new 10% bonus tax credit for projects in

Overview of Energy Tax Credits After the IRA
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The New York Energy Summit, presented by Infocast, was held in Albany from April 4 to 6 where David Burton served as Summit Chair.

The Solar + Wind Finance and Investment Summit Soundbites: the Corporate Offtake and M&A Markets
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The second annual Solar + Wind Finance and Investment Summit was held in Phoenix from March 12 to 15.

FASB’s proportional amortization method for tax equity deals ain’t all it’s cracked up to be
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On March 29, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2023-02 (ASU 2023-02).

Texas legislature considers tougher permitting for renewables
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Companion bills pending in Texas House and Senate committees would impose new permitting requirements for wind and solar projects, but not other types of power plants.

Ep203: Transferability of Tax Credits
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Hilary Lefko, partner in Washington, joins Todd Alexander to discuss the transferability of tax credits.

The Solar + Wind Finance and Investment Summit Soundbites: the Debt and Sponsor Equity Markets
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The second annual Solar + Wind Finance and Investment Summit was held in Phoenix from March 12 to 15.