The COVID-19 pandemic has disrupted strategies for ensuring that solar and wind projects will satisfy the “beginning of construction” requirements for purposes of the ITC and PTC, with respect to both the procurement of equipment and the placing in service of projects.

Delays in Safe Harbor Equipment Procurement

To qualify for the 30% ITC, solar

The COVID-19 pandemic has already created considerable uncertainty and has the potential to significantly disrupt renewable energy project EPC and supply chains worldwide.

Wind Energy

The wind industry is particularly susceptible to the effects of this disruption because project completion delays could preclude developers from qualifying for the full value of the production tax credit.

Infocast’s Projects & Money, January 14-16, brings together the project finance community to connect, share information about upcoming project opportunities, get the latest market intelligence on the trends in the markets and hear the best available perspectives on the financing and deal-making landscape.

Troutman Sanders Capital Projects & Infrastructure Section Leader, John Leonti will serve

Infocast’s Mid-Atlantic Renewable Energy Summit, July 17-19, 2019, will bring policy-makers & regulators together with utilities, IPPs, developers of wind, solar & storage projects, investors, financiers and other industry stakeholders to examine the biggest PJM market challenges, navigate the complicated landscape, and take advantage of the vast opportunities for renewable energy in the market.

Troutman

Last week, New York legislators endorsed Governor Andrew Cuomo’s ambitious clean energy goals, adopting the Climate Leadership Community Protection Act that targets an aggressive expansion of on- and offshore wind development and the integration of solar and battery storage resources onto the electric grid.  When implemented, the new legislation will require the complete decarbonization of

Troutman Sanders Capital Projects & Infrastructure Partner, Justin Boose, will moderate a panel providing insight into Solar and Power markets during the Solar Power Finance and Investment Summit 2019 at The Omni La Costa Resort & Spa on March 19 – 21, 2019.

Continue Reading Troutman Sanders Partners to Present at Solar Power Finance and Investment Summit

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.


Continue Reading Troutman Sanders Partner to Present on The Future of Renewable Energy

NEW YORK – Con Edison Development, Inc., a subsidiary of Consolidated Edison, Inc. and one of America’s largest owners and operators of renewable energy infrastructure projects announced today its agreement to acquire a Sempra Energy subsidiary that owns 981 megawatts (MW) AC of operating renewable electric production projects, including its 379 MW AC share of

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