News & Analysis as of August 29, 2025

Production Tax Credit

+ Follow

Read guidance, analysis, and updates on the myriad issues arising from the global response to the COVID-19 pandemic. Updated hourly every day, the insights published here are written by leading lawyers and law firms helping to make sense of insurance, employment, tax, securities, M&A, risk management, and every other consideration touched by this crisis. Follow the channel for a daily email brief of the latest and best updates. less -

Keep California Rolling: New Bills Poised to Revitalize Production (in Hollywood)

Sheppard Mullin Richter & Hampton LLP on 3/26/2025

The introduction of Senate Bill 630 and Assembly Bill 1138 aims to provide California with a competitive advantage in its quest to retain and bring back production jobs that are vital to the entertainment industry. The bills...more

Window Widens For Completing Construction On Renewable Energy Projects

Morrison & Foerster LLP on 7/7/2021

Good news came for renewable energy developers on June 29, 2021, when the IRS issued Notice 2021-41. The notice gives developers more time to finish projects and makes it easier to prove that they began construction on a...more

Funding Package Provides Opportunities for Clean Energy Industries

WilmerHale on 12/31/2020

On December 27, President Donald Trump signed a $1.4 trillion appropriations package funding the government through September 2021 and a $900 billion fiscal stimulus law for coronavirus aid. Media attention has focused on the...more

Hitching a Ride on the Omnibus: COVID Relief and Appropriations Act Includes Major Climate Change and Energy Provisions

Beveridge & Diamond PC on 12/31/2020

On December 27, 2020, President Trump signed H.R. 133, the “Consolidated Appropriations Act, 2021,” an agglomeration of dozens of individual pieces of legislation which together total nearly 6,000 pages. While general press...more

COVID-19 Tax Relief Package Extends Renewable Power and Carbon Capture Tax Credits

Latham & Watkins LLP on 12/29/2020

Congress extends tax credits for certain renewables, and expands tax credits for offshore wind and waste energy recovery. Key Points: ..Production tax credits for onshore and offshore wind projects are extended at a 60%...more

COVID-19: New Stimulus Package Includes Sweeping Energy Reforms

Pierce Atwood LLP on 12/24/2020

Congress voted Monday evening to approve a $900 billion COVID-19 relief package. The package includes clean energy reforms designed to boost research and development, and extends and enhances renewable energy tax credits....more

Covid-19 Relief Legislation to Have Extenders for Renewables

Mayer Brown on 12/21/2020

Last night, Congressional leaders announced an agreement on a $900 billion COVID relief bill. While the text of the bill has not been released as of this writing, people familiar with the negotiations have indicated that the...more

Six Takeaways from Wind Turbine Vendor Update: A Conversation with GE Renewable Energy

McDermott Will & Schulte on 8/3/2020

McDermott hosted GE Renewable Energy North America Services Sales Leader Ben Stafford, Commercial Director of Onshore Wind for the North Region Rob Bienick and Commercial Director of Onshore Wind for the West Region Matt...more

[Webinar] Wind Turbine Vendor Update: A Conversation with GE Renewable Energy - July 30th, 12:30 pm - 1:00 pm EDT

McDermott Will & Schulte on 7/22/2020

On July 30, McDermott partners Ed Zaelke and Lloyd MacNeil will host will host Ben Stafford, North America services sales leader, and his colleagues from GE Renewable Energy, who will share their perspectives on the following...more

IRS provides COVID-19-related relief for renewables

Eversheds Sutherland (US) LLP on 6/1/2020

On May 27, 2020, the IRS issued Notice 2020-41, which provides much needed COVID-19-related relief from workforce and supply chain issues impacting the renewable energy industry. The Notice provides the following: ..For PTC...more

IRS Extends Deadline for ITC and PTC Projects

McDermott Will & Schulte on 5/31/2020

The IRS yesterday released anticipated guidance extending the placed-in-service deadline for the Investment Tax Credit (ITC) and Production Tax Credit (PTC). Under Notice 2020-41, the “Continuity Safe Harbor” was extended to...more

IRS Provides Relief for Renewable Energy Developers Encountering Construction Delays

Skadden, Arps, Slate, Meagher & Flom LLP on 5/29/2020

The Internal Revenue Service (IRS) recently released Notice 2020-41 (the Notice), providing important relief with respect to the beginning-of-construction requirement for the production tax credit (PTC) and the investment tax...more

Some Good News: New IRS Guidance for Renewable Energy Projects

White & Case LLP on 5/29/2020

IRS Notice 2020-41 provides relief for renewable energy projects that began construction in 2016 or 2017 by extending the “continuity safe harbor” to a five-year period....more

IRS Extends Continuity Safe Harbor for Renewable Energy Projects

Pillsbury Winthrop Shaw Pittman LLP on 5/29/2020

The IRS issues anticipated guidance providing relief to developers facing delays related to COVID-19. Delayed renewable energy projects that began construction in 2016 and 2017 will now have an additional year to qualify...more

May 2020 Energy Industry Tax updates: Top 5 questions (and answers)

Eversheds Sutherland (US) LLP on 5/28/2020

Among the recent flood of Congressional, Treasury and IRS activity, the impact on the energy sector has been the subject of much discussion. In this update, we discuss the current top 5 tax questions (and answers) received by...more

A Breath of Fresh Air During the Pandemic: Treasury Plans to Extend PTC and ITC Deadlines for Renewables

Sullivan & Worcester on 5/14/2020

The U.S. Department of the Treasury ("Treasury") plans to adjust the current safe-harbor guidelines for the federal production tax credit ("PTC") and investment tax credit ("ITC"), providing some certainty and predictability...more

Good News is Coming for Wind and Solar Projects: Potential Extension of the Construction Safe Harbor Period is Expected

White & Case LLP on 5/13/2020

In a letter addressed to Senator Chuck Grassley, Chairman of the Senate Committee on Finance, Treasury indicates its intention to revise the rules governing the deadline for construction of wind and solar projects to qualify...more

COVID-19: Treasury to Modify Continuity Safe Harbor for Production, Investment Tax Credits

Morgan Lewis - Power & Pipes on 5/11/2020

The US Department of the Treasury issued a letter on May 7 stating that it plans to modify the continuity safe harbor for both the production tax credit (PTC) and the energy investment tax credit (ITC). ...more

COVID-19: CARES Act Fails to Address Renewable Energy Industry’s Concerns But Path Forward with the IRS Remains

Mayer Brown on 5/7/2020

Background - As the COVID-19 pandemic continues to disrupt project development timelines generally, solar and wind projects that rely on federal income tax credits to obtain financing are particularly sensitive to...more

Renewable Energy Roundtable Update in the Wake of COVID-19

Farella Braun + Martel LLP on 4/27/2020

The COVID-19 pandemic has resulted in widespread disruption of business and industry across California, including the state’s vibrant renewable energy and energy storage industry. Farella Braun + Martel attorneys are tracking...more

The COVID-19 Impact on Renewable Energy Projects

Snell & Wilmer on 3/26/2020

The COVID-19 pandemic continues to wreak havoc on a host of industries worldwide and the renewable energy market is not exempt. In the U.S., the renewable market is likely to be impacted by supply chain and construction...more

21 Results

View per page

Page: of 1

Coronavirus/COVID-19 › Production Tax Credit

"My best business intelligence, in one easy email…"