IRS releases COVID-19 related relief for renewable energy facilities currently under construction
In a letter dated May 7, 2020 to a bipartisan group of senators, the Treasury Department has indicated that it plans to modify the continuity safe harbor for tax credits on wind and solar projects currently under construction.
Uzbekistan has seen a tremendous amount of reform in the last three years under new President Shavkat Mirziyoyev,
including liberalisation, at breakneck speed, of the foreign exchange market, business regulations, tax system, banking
system, visa regime, public private partnership (PPP) framework and more.
Factory shutdowns in China (the world’s largest solar module and panel manufacturer), together with various other restrictions imposed by government authorities worldwide as a result of the outbreak of COVID-19, are having a significant impact on the ability of suppliers of critical equipment for solar developments to perform obligations under supply agreements.
New York recently enacted very ambitious climate change legislation that will affect transportation, real estate and other industries far beyond the energy sector.