Vinson & Elkins partner Jorge Medina shared insights with Law360 about ongoing uncertainty surrounding solar and wind tax credits following a federal court decision reinstating the 5% safe harbor construction rule.
Medina noted that the ruling, while favorable to the renewable energy industry, leaves developers facing difficult decisions as questions remain about potential appeals and the stability of the legal framework.
“Do I pay a bunch of money for equipment today and two months later the decision gets overturned? What is the impact of that?” he said, adding that the decision may be “too late to make a meaningful difference.”
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Jorge Medina is a partner at Vinson & Elkins’ Tax practice. He advises clients on federal income tax aspects of complex transactions, including tax equity, M&A and debt financings in the energy sector, with a focus on renewable energy and energy transition projects.
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