Craig Kline and John Leonti, partners in Troutman Pepper’s Renewable Energy Practice Group, are quoted in the Law360 article, “Six Energy Project Finance Trends to Watch in 2022.”
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Government Records Significant Victory in Alta Wind
By Craig Kline, Adam Kobos, John Leonti & Roger Reigner on
Posted in Regulation, Wind
On July 27, 2018, the U.S. Court of Appeals for the Federal Circuit issued an opinion reversing the decision of the Court of Federal Claims in Alta Wind I Owner-Lessor C, et al. v. U.S. The Federal Circuit held that goodwill and going concern value could attach to the assets of wind facilities that…
IRS Issues Beginning of Construction Guidance for Solar
By Craig Kline, Adam Kobos, John Leonti & Roger Reigner on
Posted in Solar
On June 22, 2018, the Internal Revenue Service (the “IRS”) issued Notice 2018-59, which provides long-awaited guidance on when construction of energy property will have begun for purposes of the Investment Tax Credit (“ITC”) under section 48 of the Internal Revenue Code (the “Code”).
The guidance is similar in many respects to the beginning…