Cryptocurrency mining for power suppliers
Outsized profits from cryptocurrency mining are an enormous current opportunity for electric power suppliers. However, the length of time this opportunity will remain available is uncertain.
Current challenges
The US renewable energy market is entering a period of potentially rapid growth, but with a great deal of short-term uncertainty. A quick survey of how supply-chain difficulties, tax law uncertainty ...
Hydrogen funding and tax credits
Developers are already circling money for hydrogen projects after a boost in funding in the infrastructure bill that President Biden signed in November. Such projects would get a further boost if the “Build ...
Buying American for infrastructure
The infrastructure bill requires projects receiving federal funding to use iron, steel, manufactured products and construction materials made in the United States.
Infrastructure Bill and transmission
The infrastructure bill authorizes the US Department of Energy to lend up to $10 billion to help with construction of new high-voltage interstate transmission lines. DOE can also act as a catalyst for new ...
New money and standards for EV charging stations
The infrastructure bill authorizes the US Department of Energy to lend up to $10 billion to help with construction of new high-voltage interstate transmission lines. DOE can also act as a catalyst for new ...
LCFS credit for renewable natural gas
Renewable natural gas projects are tapping into low-carbon fuel standard credits in California, and have the potential to do so in other states.
Sovereign debt crisis disputes
Investors have options for how to weather sovereign debt defaults that are expected in as many as 15 to 20 countries in the wake of the pandemic. The fact that China has become the world’s largest creditor ...
Battery purchase contracts
Battery purchase contracts take one of two general approaches. Once an approach is chosen, there are four key issues to be sure to address in the contract.
Solar tax equity structures
Three main tax equity structures and two significant variations are in use currently in the US solar market. The structures raise different amounts of tax equity, allocate risk differently and impose ...
US offshore wind financing update
The lead finance people at three large offshore wind projects planned off the US Atlantic coast discuss the recently concluded financing for Vineyard Wind, the financing plans for the other two projects ...
Environmental update 2021 12
Power projects using best management practices to avoid incidental “takes” of migratory birds are “not an enforcement priority.” The Bureau of Ocean Energy Management will try to lease enough area off ...
Automatic LIBOR Replacement
LIBOR would be replaced automatically with SOFR in some loans and other contracts under a bill that passed the US House of Representatives in early December by a 415-to-9 vote.
Section 1060 and Purchase Price Allocations
Tax basis allocation issues are getting more attention in court.
Partnership Flips and California Property Taxes
California clarified that partnership flip transactions do not trigger property tax reassessments for solar projects.
Solar and Public Utility Property
“Public utility property” questions continue to take up IRS time.
Solar Output Forecasts
Some solar output forecasts are too optimistic.
Utility Status in Iowa
An Iowa homeowners’ association is a water utility and must collect a utility excise tax on water service, the state tax department said.
Required Reporting to FINCen
The United States moved one step closer in December to requiring US companies to file reports with the US Treasury disclosing their beneficial owners.
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