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”)

Posted in Blog article Renewable energy

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

Posted in Blog article Renewable energy

The community solar and rooftop solar industries were starting to lose hope of claiming the economic justice bonus credits on 2023 projects.

Posted in Blog article Renewable energy

On July 17, 2023, the Organization for Economic Cooperation and Development (the “OECD”) released favorable guidance on transferable tax credits under Pillar Two.

Posted in Blog article Renewable energy

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.

Posted in Blog article Renewable energy

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”).

Posted in Blog article Renewable energy

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

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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

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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”)

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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.

Posted in Blog article Renewable energy