Category — Construction

On January 29, 2010, the U.S. Department of Interior (“DOI”) and Department of Energy (“DOE”) announced that the agencies have entered into a Memorandum of Understanding (“MOU”) to collaborate in developing commercial-scale offshore renewable energy projects on the Outer Continental Shelf (“OCS”). [Read more →]

ATLANTA – March 18, 2010 – Troutman Sanders announced today it will open an office in Portland, Ore., with the addition of three new partners there.
 
Troutman Sanders, an international law firm with 680 attorneys, plans to open the office in April in downtown Portland. The office will be the firm’s 16th and marks the latest in a string of strategic expansions by Troutman Sanders. [Read more →]

Bloomberg.com reports that about 30 banks including BNP Paribas SA and Rabobank Nederland NV are being lured back into financing “sexy” U.S. renewable energy projects following an $80 billion government investment in the industry, according to a project manager. A two-year extension to the renewable energy tax grants was introduced in the House yesterday. Passage may be delayed until the fourth quarter, so that developers seeking to benefit from the incentives hire workers to complete projects this year, said Todd Coles, a partner at Troutman Sanders LLP in Washington.

“If the extension is put in place now, the immediate effect on jobs would be diminished,” Coles said on a panel today. “But at some point you’ll have projects stop moving forward without an extension.”

On January 13, 2010, T. Boone Pickens announced that his company, Mesa Power LP, will not build the planned 4,000 MW Pampa Wind Farm in the Texas Panhandle.  [Read more →]

The U.S. Department of Treasury announced today that it has begun accepting applications for grants in lieu of tax credits under section 1603 of the American Recovery and Reinvestment Act of 2009 (ARRA). ARRA permits an applicant to receive a Treasury Department grant instead of claiming investment tax credits (ITCs) or production tax credits (PTCs) for certain renewable energy property. The Treasury Department expects to pay out $3 billion for about 5,000 projects generating power from solar, wind, biomass and other sources. [Read more →]