The Inflation Reduction Act is now the law of the land, and it has fundamentally changed the landscape for clean energy in the United States. No longer simply providing a date change, Congress has extended energy tax credits like the
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.
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EV Charging Station Tax Credits are Back: Inflation Reduction Act Extension of the Section 30C Tax Credit
After having expired at the end of 2021, the Internal Revenue Code Section 30C tax credit for electric vehicle charging stations is back. Technically referred to as the “Alternative Fuel Vehicle Refueling Property Credit”, the Section 30C tax credit will…
Cybersecurity Issues Affecting the Energy Industry
No longer the stuff of Hollywood hypotheticals, cybersecurity threats are a daily reality and challenge for energy companies building solar, wind, battery and transmission projects communicating in an increasingly dynamic, interactive energy grid. But are we keeping pace with those…
The Inflation Reduction Act: Key Provisions Regarding the ITC and PTC
Earlier today, the House of Representatives passed the Inflation Reduction Act of 2022 (the “Act”), which the Senate passed on August 7, 2022. President Biden has indicated that he will sign the Act into law.
The Act substantially changes and…
Summary of the Inflation Reduction Act of 2022
Senate Democrats on Wednesday night released the draft text of the Inflation Reduction Act of 2022 (the Act). The Act includes a number of provisions related to renewable energy tax incentives.
The Act would reinstate the full investment tax credit…
Foley’s Energy Team Recognized in the 2022 Edition of Chambers USA
Foley’s Energy team has been recognized in the 2022 edition of Chambers USA, America’s Leading Lawyers for Business.
Three Energy Sector partners have been recognized nationally, and the firm has ranked in two energy-related practices, as outlined below. This is…
Foley Energy Podcast Launch Unpacks Auxin Case and White House Executive Order
The solar industry has faced challenges from a trade investigation underway at the Commerce Department, but a new Executive Order from the White House aims to calm industry nerves…for now. Is the solar industry back to business as usual?
In…
Offshore Wind Developers Race to Compete for Lucrative Government Leases
The desire to get in on the ground floor of offshore wind development in the U.S is at an all-time high. Following the announcement by President Biden of a goal of producing 30 gigawatts of offshore wind energy by 2030…
White House Weighs in to Prevent Commerce Solar Panel Circumvention Duties
After months of speculation over actual and potential disruption to the U.S. solar market stemming from the U.S. Department of Commerce’s pending investigation into circumvention of duties by solar panel manufacturers in Cambodia, Malaysia, Thailand, and Vietnam, the White House…
USPTO Focuses on Clean Tech
Thank you to co-author Sarah Tang, a summer associate in Foley’s Boston office, for her contributions to this post.
At the ARPA-E (Advanced Research Projects Agency – Energy) Energy Innovation Summit on May 24, the USPTO (United States Patent and…