The first offshore wind facility, the Block Island Wind Project off Rhode Island, achieved commercial operation in 2016. Since then, development efforts have stalled, with developers abandoning[i] early stage projects unable to overcome permitting challenges. But a recent spate of record-breaking sales of offshore wind leases appears to indicate renewed optimism for the future

Troutman Sanders Capital Projects & Infrastructure Partner, John Leonti, will moderate a panel providing insight into the future of renewable energy projects during the Projects and Money 2019 Conference at The Roosevelt New Orleans on January 14 – 16, 2019.

Panel Description

The Future of Renewables

Wednesday, January 16, 2019 from 8:00 – 9:15am

Renewables have chalked up an impressive growth record. Yet, the availability of PPAs is dwindling, tax incentives are scheduled to decline (solar) and end (wind), prices are dropping and other challenges are surfacing. Are renewables a bubble set to burst or will we see hundreds of billions more invested in the future? This session will explore what it all means for the future of renewables.

Listen as our authoritative panel examines the key issues involved in renewable energy projects, offering insights on evolving industry norms and best practices.


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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