Foley attorneys Darin Lowder and John Dunlap recently hosted a Foley Energy Webinar (on October 30, 2019) with panelists Ben Cooper from KeyBank, Eric Barr from U.S. Bancorp, and Jared Donald from Amp Solar to discuss recent trends in financing
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 8
Production Tax Credit Extended for Renewable Projects Beginning Construction in 2020
On December 20, 2019, the President signed the Taxpayer Certainty and Disaster Tax Relief Act of 2019 (the “Act”), which extends the current production tax credit (PTC) for wind for an additional year. The Act extends the wind PTC for…
Solar Construction Costs Continue Historic Decline, Providing Cushion Against Trade Disputes
A recent report from the U.S. Energy Information Administration (EIA) confirmed significant cost curve progress for the U.S. solar industry, offering encouraging signs that developers will successfully weather international trade disputes and continue to drive historic deployment.
The EIA concluded…
Upcoming Webinar: Maximizing Solar Tax Credits – Navigating the Start of Construction Rules (Part 1)
As solar developers begin looking beyond 2019 and planning for the phasedown of the Section 48 solar investment tax credit, an understanding of the grandfathering rules for projects placed in service between 2020 and the end of 2023 is critical.…
Texas Legislature Passes Decommissioning Statutory Requirements on Wind Energy Land Leases
The Texas legislature recently passed House Bill 2845 modifying Section 301 of Title 6 of the Texas Utilities Code to impose statutory decommissioning requirements on any person (“Wind Developer”) that leases property from a landowner for the operation of a…
Beginning Construction Continuity Safe Harbor Extended for National Security Concerns
Recognizing that, in some situations, a plan to develop or construct a facility or energy property may raise significant national security concerns, the IRS released Notice 2019-43 (which may be found here) on July 12, 2019, which provides that…
California Establishes Fund to Combat Wildfire Threats
On July 11, 2019, the California Legislature passed, and Governor Gavin Newsome quickly signed into law, Assembly Bill 1054, which creates the potential for a $21 billion fund to assist Californian utilities with their liability burdens in the wake of…
Good News For C&I Solar – Maine Passes New Legislation
Good news this week, in that Maine has officially paved the way for solar in the state, particularly for C&I and community solar. Two new bills (LD 1494 – RPS bill, and LD 1711 – Solar bill) passed the Senate…
NYSERDA Bulk Storage Incentive Program Aims to Jumpstart Utility Transition Following New York Storage Order
On March 11, the New York State Energy Research and Development Authority (“NYSERDA”) filed its proposed Implementation Plan to administer its Energy Storage Market Acceleration Bridge Incentive Program and support the ambitious New York Public Service Commission (“PSC”) order issued…
ITC Investigates JinkoSolar, LONGi Solar and REC Group for Patent Infringement
By LexBlog
The U.S. International Trade Commission (“ITC”) has launched a trade investigation against JinkoSolar, LONGi Solar and REC Group on the heels of a complaint filed on March 4th by Hanwha Q CELLS USA Inc. of Dalton, GA, and Hanwha Q…