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Offshore Wind Renewable Energy Tax Credits

Paul Hastings LLP

What’s Next for French Offshore Wind Power? Blowin’ in the Wind

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Is stormy weather on the horizon for the offshore wind energy industry? The combination of rising supply costs, increased interest rates and significant execution risk has hurt the profitability of projects and led some...more

Morgan Lewis

Renewables Under the New Administration: Navigating an Uncertain Roadmap

Morgan Lewis on

Recent policy shifts at the federal level have introduced significant variability to the US renewable energy sector. While demand for clean energy continues to grow, executive orders, regulatory changes, and evolving...more

McCarter & English, LLP

Economic and Clean Energy Leadership in New Jersey—FY 2026 Budget Testimony Highlights

Last week, Tim Sullivan, CEO of the New Jersey Economic Development Authority (NJEDA), and Christine Guhl-Sadovy, president of the New Jersey Board of Public Utilities (BPU), presented their fiscal year (FY) 2026 budget...more

Mintz - Energy & Sustainability Viewpoints

Energy & Sustainability Washington Update — May 2025

In April, we marked the Trump administration’s first 100 days and, with it, a continued sweeping recalibration of federal energy and environmental policy with aggressive efforts to curtail government spending, restructure key...more

Ropes & Gray LLP

What’s Ahead for Solar and Wind in 2025: Insights from Infocast Summit

Ropes & Gray LLP on

What role will solar, wind and storage technologies play in addressing the pending “energy emergency” in the United States, and how is the industry responding to heightened policy uncertainty stemming from the new federal...more

Allen Matkins

Renewable Energy Update 2.21.25

Allen Matkins on

Clean energy installations in the U.S. reached a record high last year, with the country adding 47% more capacity than in 2023, according to new research from energy data firm Cleanview. Boosted by tax credits under the...more

ArentFox Schiff

Illinois Legislature Passes New Law on Electric Transmission Line Projects, Illinois’ First Battery Storage Procurement, and...

ArentFox Schiff on

Last month, the Illinois General Assembly passed a bill establishing prevailing wage requirements and tax incentives for high voltage transmission line and utility-scale battery storage projects....more

Husch Blackwell LLP

Trump Executive Actions Impacting Renewable Energy

Husch Blackwell LLP on

On President Trump’s first and second days in office, the new administration released a flurry of executive actions, in the form of both memorandums and executive orders, focused on the energy industry:...more

Foley Hoag LLP - Energy & Climate Counsel

A Fossil-Forward U.S. Energy Policy Begins to Take Shape under Trump

President Trump began his second term by issuing a barrage of executive orders, memoranda, and other directives, many of which targeted U.S. energy policy and the federal employees who implement it. Trump had campaigned on...more

Allen Matkins

Renewable Energy Update - November 2024 #1

Allen Matkins on

New high capacity transmission lines are set to open up large parts of western and northern Nevada for solar development. Last month, the Department of the Interior’s Bureau of Land Management (BLM) approved construction of...more

Allen Matkins

Renewable Energy Update 7.18.24

Allen Matkins on

The California Energy Commission (CEC) has adopted a strategic plan that will guide the state’s development of offshore wind energy. The plan outlines analysis and strategies to deploy floating turbines off California’s...more

Allen Matkins

Renewable Energy Update 6.03.24

Allen Matkins on

The California Independent System Operator’s board on May 23 approved a $6.1 billion, 10-year transmission plan that includes projects to deliver offshore wind to customers. Transmission projects to access clean energy...more

Akin Gump Strauss Hauer & Feld LLP

This Week’s Climate Policy Update - May 2024 #5

Good morning! This is Akin’s newsletter on climate change policy and regulatory developments, providing information on major climate policy headlines from the past week and forthcoming climate-related events and hearings...more

Allen Matkins

Renewable Energy Update 5.07.24

Allen Matkins on

Governor Gavin Newsom said on April 25 that California continued to rapidly add the battery storage that is crucial to the transition to cleaner energy, but admitted it was still not enough to avoid blackouts during heat...more

Allen Matkins

Renewable Energy Update 4.08.24

Allen Matkins on

The California Independent System Operator (CAISO) is proposing $6.1 billion in transmission projects, primarily to help deliver offshore wind to customers, according to a draft transmission plan released on April 1....more

Allen Matkins

Renewable Energy Update 3.21.24

Allen Matkins on

The first commercial-scale offshore wind farm in the United States is officially open, a long-awaited moment that helps pave the way for a succession of large wind farms. Danish wind energy developer Ørsted and the utility...more

Allen Matkins

Renewable Energy Update 3.07.24

Allen Matkins on

The U.S. Department of the Treasury and IRS have released final rules on Inflation Reduction Act provisions that aim to expand the reach of the clean energy tax credits. The Act created the new elective pay and...more

Allen Matkins

Renewable Energy Update 12.21.23

Allen Matkins on

The Bureau of Ocean Energy Management (BOEM) will be conducting a regional environmental review of potential development activities on the five offshore wind lease areas off California’s central and north coasts....more

Troutman Pepper Locke

Treasury Issues Proposed Regulations ‎‎on Expanded ITC Under Inflation Reduction Act, ‎Boosting ‎‎Storage, Offshore Wind

Troutman Pepper Locke on

On November 17, 2023, the Internal Revenue Service (“IRS”) and the U.S. Treasury Department (“Treasury”) issued Proposed Treasury Regulations (REG-132569-17) (the “Proposed Regulations”) providing guidance and amending...more

Allen Matkins

Renewable Energy Update 11.02.23

Allen Matkins on

President Joe Biden announced Monday a $1.3 billion federal investment to build three new interstate power lines in an effort to upgrade the nation’s outdated electric grid and transition to clean energy....more

StoneTurn

There’s Still Time to Maximize Inflation Reduction Act Incentives

StoneTurn on

It has been just over a year since the Inflation Reduction Act (“IRA” or “The Act”) was passed. This monumental piece of legislation for the clean energy industry provides hundreds of billions of dollars to build a clean...more

Allen Matkins

Renewable Energy Update 8.18.23

Allen Matkins on

The U.S. Department of Defense (DoD) has approved Floventis Energy for the development and operation of CADEMO, the first floating offshore wind farm with 60 MW of capacity, to be located off the California coast near the...more

Latham & Watkins LLP

IRS Clarifies Rules for Energy Community Bonus Tax Credits

Latham & Watkins LLP on

The Notice enables developers and investors to more easily determine the Energy Community status of projects. Key Points: ..The IRS and the Treasury Department have provided tables to assist in determining eligibility...more

Troutman Pepper Locke

Brownfields and the Deep Blue Sea: ‎Offshore Wind Development and the IRA’s Energy ‎Communities ‎Provisions

Troutman Pepper Locke on

What generates clean power, is located in an Energy Community and is entirely surrounded by water? If you answered “an offshore wind farm along the coast of the United States,” you would likely curry much favor with the...more

Troutman Pepper Locke

Bridging the Gaps: Will the IRA Really ‎‎Be a Game Changer for Offshore Wind?‎

Troutman Pepper Locke on

The excitement surrounding the passage of the Inflation Reduction Act (“IRA”) was perhaps felt nowhere as strongly as among proponents of the US offshore wind industry. From project developers to original equipment...more

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