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In this article, published by Global Hydrogen Review, Lauren Davies, Andrew Nealon, Alistair Wishart and Garrett Finch examine some of the key challenges associated with using a ‘traditional’ project finance model in the development of low-carbon hydrogen projects and will also consider some potential solutions.
On March 22, 2024, the Internal Revenue Service (IRS) issued additional guidance in respect of the “Energy Community Bonus” in Notice 2024-30 (the “Notice”), which provides two key updates: (1) offshore wind farms have two new ways to meet the Nameplate Capacity Attribution Rule, and (2) adding new industry codes for evaluating employment rates related to fossil fuel industries.
On March 5, 2024, the Department of the Treasury (“Treasury”) and the Internal Revenue Service (the “Service”) issued final regulations (the “Final Direct Pay Regulations”) regarding the direct pay election for certain tax credits available under section 6417 of the Internal Revenue Code of 1986, as amended (the “Code”).
In this article published by Energy Intelligence, Louise Woods, Elena Guillet, and Nonku Zondo explore lessons from the IRA and opportunities for the UK to refine its critical minerals strategy.
The Inflation Reduction Act (IRA) and Critical Raw Materials Act (CRMA) are the clearest results of a race to reclaim control over critical raw materials following the global supply chain vulnerabilities exposed during the pandemic and exacerbated by Russia’s invasion of Ukraine, as well as a growing frustration over China’s dominance of the global critical raw materials chain. America and the EU recognise that critical raw materials are the cornerstone for the electrification of society.