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Senate Finance Committee revises House energy tax provisions in One Big Beautiful Bill

On June 16 the Senate Finance Committee (SFC) released its revised text to the House-passed One Big Beautiful Bill (OBBB). While the SFC version largely follows the House approach in repealing clean vehicle and residential...more

House advances 'One Big Beautiful Bill': Implications of new FEOC restrictions on clean energy tax credits

On May 12, 2025, the House Ways and Means Committee reported out a significant tax reconciliation bill, known as the “One, Big, Beautiful Bill.” While the bill aims to extend and enhance several provisions from the 2017 Tax...more

Shaking up the Magic 8-Ball – What does the U.S. IRA Monetization Look Like in 2025?

First, a quick and brief reminder on the IRA and the monetization techniques. The IRA expanded upon existing energy tax credits (and other tax incentives) and introduced new ones. And critically, the IRA also brought to life...more

Offshore Wind Worldwide: Regulatory framework in selected countries

“Halfway through 2023 and we find ourselves in gripping times as the offshore wind market further grows—within the ‘first’ home regions and beyond. Along with these developments, not the least "offshore wind auctions taking...more

What will happen to IRA clean energy subsidies in the Trump Administration?

The Inflation Reduction Act of 2022 (IRA) was one of the most significant legislative victories of the Biden administration, fostering tens of billions (USD) in planned clean energy investments, much of this yet to be...more

U.S. Department of Treasury issues final 45X advanced manufacturing production credit rules

Final 45X rules provide some important clarifications as to what is considered as produced in the U.S. for components and technical elements for certain components such as solar, battery storage, inverters, wind turbines and...more

DOE and Treasury issue further guidance on investment tax credits for advanced energy projects (48C)

The Inflation Reduction Act of 2022 extended the 48C tax credit program, initially enacted in the American Recovery and Reinvestment Act of 2009, and provided an additional $10 billion in credit allocations. In this unusual...more

The IRA: what’s in It for manufacturers?

In the United States, greenhouse gas emissions derive almost evenly from transportation (27%), electricity (25%) and industrial sources (24%). The Inflation Reduction Act (IRA) has been rightly heralded for enabling an...more

Election 2020 Snapshot: Helping our energy clients make sense of the U.S. election results

Through the last several Administrations (Democrat and Republican) the mantra has been “we support an all-of-the-above strategy” to meet U.S. energy needs. Expect that to change. The Biden Administration’s focus will shift to...more

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