NEW YORK – Con Edison Development, Inc., a subsidiary of Consolidated Edison, Inc. and one of America’s largest owners and operators of renewable energy infrastructure projects announced today its agreement to acquire a Sempra Energy subsidiary that owns 981 megawatts
Renewable Energy Insights
Analysis of recent news and developments affecting the renewable energy industry
Renewable Energy Insights, published by Troutman Pepper Locke, focuses on legal and regulatory developments affecting the renewable energy sector. The blog covers topics such as tax incentives including the Investment Tax Credit (ITC) and Production Tax Credit (PTC), legislative impacts of the Inflation Reduction Act and related energy policies, carbon capture credits under Section 45Q, and advanced manufacturing credits. It also addresses project finance trends, energy storage technologies, domestic content requirements, and compliance with prevailing wage and apprenticeship rules. The blog provides analysis relevant to project developers, investors, and legal practitioners involved in renewable energy projects and policy implementation.
Latest from Renewable Energy Insights - Page 5
Rhode Island Public Utilities Commission Green Lights Grid Modernization Plan, Establishes Performance-Based Incentive Framework For National Grid
On August 24, 2018, the Rhode Island Public Utilities Commission (“PUC”) adopted an amended settlement in the Narragansett Electric Company (“National Grid”) rate case. The approved plan provides for an annual step increase over three years resulting in a cumulative $28.9…
Government Records Significant Victory in Alta Wind
White House Memo May Indicate Future Coal and Nuclear Subsidies
Federal Energy Regulatory Commission (“FERC”) members on June 19, 2018, affirmed their commitment to regional energy market stability. Their remarks came in response to a leaked Trump administration draft plan and President Trump’s own June 1, 2018 public statement that…
IRS Issues Beginning of Construction Guidance for Solar
On June 22, 2018, the Internal Revenue Service (the “IRS”) issued Notice 2018-59, which provides long-awaited guidance on when construction of energy property will have begun for purposes of the Investment Tax Credit (“ITC”) under section 48 of the…
Two States Renew Leadership Role in Renewable Energy
By Hayden Baker
Recently New Jersey and California took monumental steps to remain nationwide leaders in clean energy. New Jersey increased its Renewable Energy Standard to make it one of the most aggressive standards in the nation while at the same time supporting…
From Tech Giants to Small Corporations – It’s a New Era of Renewable Energy Investors
No longer reserved for tech giants such as Google, Amazon, and Facebook, financial instruments such as synthetic power purchase agreements (PPAs) are becoming popular among smaller to mid-sized corporations as a tool to reduce energy cost volatility while meeting clean…
New Bipartisan Legislation Could Overturn Trump’s 30% Solar Import Tariff
On April 19th, a bipartisan group of lawmakers introduced the “Protecting Solar Jobs Act” (H.R. 5571) in the House Committee on Ways and Means. The proposed bill is in response to President Trump’s imposition of a 30% tariff on imported…
Deep Decarbonization and Hydropower
Hydropower partner Chuck Sensiba is published in the April 2018 edition of The Environmental Law Reporter for a byline he coauthored titled, “Deep Decarbonization and Hydropower.” The article is excerpted from a soon-to-be-published book, Legal Pathways to Deep Decarbonization in the United…
FERC Holds that MISO Interconnection Process Need Not Ensure that Interconnection Customers Receive PTC Benefits
Originally posted on Troutman Sanders’ Washington Energy Report
On April 2, 2018, FERC denied a complaint alleging that the interconnection process under Midcontinent Independent System Operator, Inc.’s (“MISO”) tariff was unjust and unreasonable because certain wind generators were experiencing delays…