The Inflation Reduction Act spending bill, reflecting compromise between Senator Joe Manchin and Majority Leader Chuck Schumer, contains several measures to bolster offshore wind and other renewable energy development in the United States.
Offshore wind developers have poured billions of dollars into securing leases in state and federal waters in recent months, with many more billions to be spent developing wind assets to support ambitious state and federal goals for the energy transition.
On February 18, 2022, the Federal Energy Regulatory Commission (“FERC”) issued two important policy statements by a 3-2 vote related to the construction of natural gas facilities.
The Federal Energy Regulatory Commission (“FERC”) issued two important policy statements by a 3-2 vote on February 18, 2022 regarding the construction of natural gas facilities.
On February 15, 2022, the Biden administration announced a slew of low carbon emissions initiatives for the industrial sector in support of the administration’s goal to achieve a net-zero economy.
On February 14, 2022, the Department of Energy (“DOE”) issued two Requests for Information (“RFI”) related to its rollout of significant hydrogen programs.
Over the course of January we spoke to various experts from our network as they reflected on what they saw to be some of the key themes coming out of 2021 in the world of construction.
Ambitions to decarbonize the power sector by 2035 face a number of significant hurdles, the most intractable of which may be the extent of corresponding high-voltage transmission infrastructure necessary to accommodate the forecasted growth of renewable generation.
The IRS published Revenue Ruling 2021-13 on July 1, 2021, addressing a series of issues on the Section 45Q tax credit for carbon capture projects.
On June 29, 2021, the Internal Revenue Service (“IRS”) issued IRS Notice 2021-41 (the “Notice”), which extends the “Continuity Safe Harbor” for renewable energy projects that qualify for production tax credits under Section 45 of the Internal Revenue Code (“PTCs”) or investment tax credits under Section 48 of the Internal Revenue Code (“ITC”).