Congress has extended and expanded renewable energy tax benefits as part of the comprehensive COVID relief bill passed on December 21, 2020 and now awaiting President Trump’s signature. The relief bill passed by large bipartisan margins (92-6 in the Senate
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 7
DOE RFI for Trump Executive Order on Bulk-Power System Grapples with National Security Implications of Evolving U.S. Electrical Grid
On July 8, 2020, the U.S. Department of Energy (“DOE”) released a Request for Information (“RFI”), requesting public comments by August 7 on Executive Order 13920 that President Trump issued on May 1, 2020, entitled: “Securing the United States Bulk-Power…
New Wheeling Charges for Renewable and Efficient Cogeneration Power Projects in Mexico
On June 10, 2020, the Federal Electricity Commission (Comisión Federal de Electricidad, known as CFE), the Mexican utility operator, published in the Official Gazette (Diario Oficial de la Federación) the new wheeling fees for renewable and efficient cogeneration power projects…
In Light of COVID-19, IRS Extends Safe Harbor for Renewable Energy Projects
Due to supply chain disruptions related to the COVID-19 pandemic, the IRS released Notice 2020-41 (the “Notice”), which grants two beginning construction-related extensions for renewable energy projects that produce electricity from sources such as wind, biomass, geothermal, landfill gas, trash,…
New Policy on Reliability of the National Electrical System (NES) in Mexico
On May 15th, 2020, the Ministry of Energy (“SENER”) published in the Official Gazette (Diario Oficial de la Federación) its Policy on Reliability, Safety, Continuity and Quality of the National Electric System (the “Policy”).
The Policy is aimed at providing…
Massachusetts DOER Announces COVID-19 SMART Program Extension; Releases Proposed Emergency Regulations for Public Comment
The Massachusetts Department of Energy Resources (DOER) recently unveiled new emergency regulations that double the capacity of the state’s solar incentive program and provide important relief to projects under development in light of the COVID-19 pandemic.
Following various Massachusetts electric…
New Regulations Expand CFIUS’s National Security Authorities to U.S. Energy Sector Investments
On February 13, 2020, the U.S. Treasury implemented updated regulations that could have a profound effect on foreign investments in the U.S. domestic energy sector. These changes implement new measures that impose greater scrutiny on foreign developers seeking to acquire…
Coronavirus Impact on Construction of Energy Projects
By LexBlog
(UPDATED as of March 25, 2020 at 5:30 PM ET)
The U.S. Renewable Energy Industry, including its construction market, like every sector of the economy, is being affected by the outbreak of coronavirus. A number of announcements have been made…
Managing the Commercial Impact of the Coronavirus: Implications for the Energy Industry
“Caution is appropriate. Preparedness is appropriate. Panic is not.” (~ U.S. Surgeon General Dr. Jerome Adams, quoted last week)
The coronavirus (provisionally named SARS-CoV-2, with its disease being named COVID-19) has now been documented in more than 100 countries and…
IRS Releases Initial Guidance Regarding Section 45Q Carbon Sequestration Tax Credit
On February 20, 2020, the IRS issued its first round of guidance regarding the carbon sequestration tax credit found in Section 45Q (the “Section 45Q Credit”) of the Internal Revenue Code of 1986 (as amended, the “Code”) in the form…