ESG is increasingly vying for airtime in oil and gas boardrooms as leaders grapple with how best tackle environmental, social and governance challenges. This follows a trend of ESG support throughout all sectors of the U.S. economy. A recent study
Renewable Energy Outlook
Renewable Energy Outlook, published by Foley & Lardner LLP, focuses on legal and regulatory developments affecting the renewable energy sector. The blog covers topics such as tax credits and incentives under the Inflation Reduction Act, energy community designations, construction lending and financing for renewable projects, risk mitigation in construction loan agreements, and utility procurement policies for energy storage. It also addresses supply chain and onshoring trends in clean energy manufacturing, regulatory compliance, and market dynamics impacting renewable energy project development and investment. The content is aimed at legal professionals, developers, investors, and stakeholders involved in renewable energy transactions and policy.
Latest from Renewable Energy Outlook - Page 2
Bitcoin, Crypto-Assets, and the Energy Sector
Crypto-assets such as Bitcoin are often criticized for consuming more energy than entire countries as a result of energy-intensive “mining” activities. However, other crypto-assets such as Ethereum consume significantly less energy and many crypto-asset mining operations use renewable energy or…
The USPTO Joins WIPO GREEN
The United States Patent and Trademark Office (USPTO) has recently joined the WIPO GREEN technology exchange platform of the World Intellectual Property Organization.
WIPO GREEN was established in 2013 with an online technology exchange platform that connects entities with needs…
Foley’s Texas Government Solutions Team – Helping Drive Hydrogen Expansion
By Amy Beard & Craig P. Chick
Recently, McKinsey published a study for the Center for Houston’s Future predicting that hydrogen could add an estimated $100 billion to Texas’ GDP, which is equivalent to 6% of Texas’ 2019 GDP. Texas is already the largest producer of hydrogen…
Tax Credits in the Inflation Reduction Act Aim to Build a More Equitable EV Market
By Dania Abbasi
In February of this year, it was high time for me to buy a new car. I had driven the same car since 2008, and getting this-or-that replaced was costing more and more every year. As a first-time car buyer,…
Preliminary Determination of Circumvention Regarding Solar Energy Products from SE Asia
On December 8, 2022, the U.S. Department of Commerce (“USDOC”) published its preliminary determination that certain manufacturers of solar energy products1 in Malaysia, Vietnam, Thailand, and Cambodia that rely on Chinese-origin inputs are circumventing U.S. antidumping and countervailing duties relating to…
Prevailing Wage and Apprenticeship Guidance for ITC and PTC
On November 30, 2022, the Department of the Treasury and the Internal Revenue Service published Notice 2022-61 (the “Guidance”) describing how to satisfy certain prevailing wage and apprenticeship requirements (the “PWA Requirements”) for purposes of obtaining the full credit amounts…
Mexico Announced Aggressive Renewable Energy Targets during COP27
In the middle of the consultations with the Mexican government regarding Mexico’s energy policy under the USMCA and the legal fight the private sector is facing against the legislative and administrative measures the Mexican government has implemented in Andres Manuel…
New Jersey BPU Releases Straw Proposal for Standalone Storage Incentive Program
There has been much (deserved) discussion on federal standalone energy storage incentives passed in the Inflation Reduction Act, but a new state-level incentive is taking shape in New Jersey. Yesterday, the New Jersey Board of Public Utilities (“BPU”) released its…
Basics of QSBS and its Application to the Energy Sector
By Raj Tanden & Jacob I. Davis
One of the lesser-known yet very beneficial provisions of the Internal Revenue Code (the Code) relating to business investment is Section 1202.1 Originally passed in 1993 and amended several times over the years, Section 1202 currently allows for an exclusion of…