Outlook for Utility-Scale Renewables in California
Near-term surpluses of renewable energy, a sharper focus on costs and heightened concerns over environmental impacts are the new realities in the California market for utility-scale renewable powe...
DOE Reopens for Renewable Energy Loan Guarantees
The US Department of Energy loan guarantee program has come back to life...
New York Green Bank Opens for Business
The New York Green Bank that opened for business in February could broaden the potential rooftop solar market in New York through the use of credit enhancement to allow systems put on the roofs of...
Korea Expected to Sell Overseas Assets
South Korean state-owned enterprises will sell some of their energy assets both inside and outside Korea to shore up their balance sheets under pressure from the South Korean government...
Jordan Embraces Renewables
Jordan issued a third round of requests for proposals from renewable energy developers in February while it continues to collect proposals from the second round and negotiate with developers whose...
Powering Africa
The US government set a goal in June 2013 to double access to electricity in sub-Saharan Africa within five years. More than nine months have passed...
Ensuring That Loan Documents Address Equator Principles and Trade Sanctions
New Equator Principles need to be reflected in loan agreements. Lenders and project sponsors should also protect themselves against increasing use of trade sanctions by governments to enforce foreign policy...
The New Massachusetts SREC Market
Solar developers, tax equity investors and lenders are trying to figure out what value to assign to renewable energy credits that solar projects receive in Massachusetts for generating electricity...
New USDA Loan Guarantees
A new farm bill enacted in February expands an existing federal loan guarantee program, called the Biorefinery Assistance Program, that was originally designed to incentivize development of second...
PPP Update: US Infrastructure Legislation
The US Congress is considering multiple infrastructure funding bills...
Environmental update
The US Environmental Protection Agency clarified in late January how and when air permit deadlines for commencing construction of new facilities may be extended...
Construction Start Issues
Construction start issues are proving too factual for the Internal Revenue Service to address in private rulings...
The Camp Tax Reform Bill
The Camp tax reform bill has many provisions that would affect independent power and other infrastructure projects in the United States...
State-mandated power contracts
State-mandated power contracts remain under a cloud.
Saudi Arabia
Saudi Arabia recedes as a potential market for solar developers. Hashem Yamani, head of the Saudi renewable energy procurement agency, the King Abdullah City for Atomic and Renewable Energy or K...
Production tax credits
Production tax credits for generating electricity will remain at 2013 levels in 2014, the IRS said in April.
State Tax Credits
State tax credits were sold, and the sponsor should have reported income from the sale rather than treated the state credits merely as allocated by a partnership to a tax equity partner, the US Ta...
Loans
Loans with interest rates that step up over time create tax complications...
Treasury cash grant
Treasury cash grant litigation mounts.
Master Limited Partnerships
Master Limited Partnerships are subject to a pause at the IRS.
REITs
REITs may be given more guidance.
Captive Insurance
Captive insurance won a round in court. The IRS is still deciding whether to appeal...
Targeted Partnership Allocations
Targeted partnership allocations may be the subject of future IRS guidance...
Bitcoins
Bitcoins are taxed as property rather than currency, the IRS said in late March...
No Economic Substance
No economic substance was a problem in two recent transactions...
US Multinational Companies
US multinational companies continue to accumulate more earnings in offshore holding companies. A Bloomberg survey of securities filings by 307 of S&P 500 companies found the companies have $1...
Minor memos
The United States added 50% less new generating capacity in 2013 than the year before, according to Platts. The figures were 15,078 megawatts in 2013 compared to 31,652 megawatts in 2012...
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