Nearly two and a half years after the Inflation Reduction Act of 2022 (IRA) became law, developers and contractors continue to adjust to the new normal for renewable energy projects: compliance with prevailing wage and...more
On January 16, 2025, the IRS released Notice 2025-08, modifying its prior guidance issued as Notice 2023-38 and Notice 2024-41, for taxpayers seeking to qualify for the domestic content bonus tax credit amounts under the...more
1/22/2025
/ Clean Energy ,
Energy Projects ,
Energy Storage ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
IRS ,
Renewable Energy ,
Safe Harbors ,
Solar Energy ,
Tax Credits ,
Wind Power
Renewable energy project developers and contractors must be prepared to negotiate novel risks in a quickly changing global market. Technological innovations in renewable energy equipment and decreasing procurement and...more
9/9/2024
/ Compliance ,
Construction Project ,
Contractors ,
Energy Projects ,
Energy Sector ,
Energy Tax Incentives ,
Global Market ,
Inflation Reduction Act (IRA) ,
Innovative Technology ,
Regulatory Agenda ,
Regulatory Requirements ,
Renewable Energy ,
Risk Management ,
Technology Sector
Inflation Reduction Act -
Perhaps the most significant recent develop- ment in the area of alternative energy, the Infla- tion Reduction Act of 2022 (IRA) offers approxi- mately USD270 billion in tax incentives to help...more
8/22/2023
/ CFIUS ,
Critical Infrastructure Sectors ,
Cybersecurity ,
Emerging Technologies ,
Energy Projects ,
Energy Sector ,
Inflation Reduction Act (IRA) ,
IRS ,
NEPA ,
NERC ,
Production Tax Credit ,
Sackett v EPA ,
SCOTUS ,
Supply Chain ,
Tax Credits
Renewable energy developers and contractors have been anticipating the Treasury Department and IRS’s initial guidance on what is required to satisfy the prevailing wage and apprentice requirements under the Inflation...more
12/15/2022
/ Apprenticeships ,
Construction Industry ,
Construction Project ,
Contractors ,
Davis-Bacon Act ,
Department of Labor (DOL) ,
Energy Projects ,
Energy Sector ,
Federal Contractors ,
Inflation Reduction Act (IRA) ,
IRS ,
Prevailing Wages ,
Renewable Energy Incentives ,
Tax Incentives ,
U.S. Treasury ,
Wage and Hour
As we begin 2022, the renewable energy industry in the United States has much for which to be thankful: A strong demand for clean power, increasing recognition of the need for an accelerated energy transition, and a thriving,...more
On August 16, 2022, President Biden signed into law H.R. 5376, referred to as the Inflation Reduction Act (IRA). The nearly $369 billion of new spending is intended to transform entire sectors of the American economy and...more
As the solar industry expands into new jurisdictions, developers and contractors seeking to break into a new market should carefully evaluate their risks and opportunities....more
As the utility-scale solar market continues to expand and globalise, project developers and engineering, procurement and construction (EPC) contractors increasingly find themselves considering unfamiliar jurisdictions. A new...more
The successful financing, negotiation and construction of a utility-scale solar power plant are significant achievements for all parties. However, owners and providers face an entirely new set of challenges once the plant is...more
The industry is working hard to develop flexible warranties backed by credible testing that provide the certainty investors crave. But fast-changing technology and a paucity of real-world data mean they remain very much a...more