The Internal Revenue Service (IRS) and U.S. Department of the Treasury (Treasury) issued proposed regulations, published in the Federal Register Dec. 26, 2023, applicable to clean hydrogen production facilities.
Continue Reading Clean Hydrogen Tax Credits: IRS Releases Proposed Treasury Regulationsrenewable energy
New York City Planning Commission Approves Zoning Changes Supporting City’s Climate Goals
On Sept. 11, 2023, the City Planning Commission approved amendments to the New York City Zoning Resolution, called “City of Yes for Carbon Neutrality,” proposed by Mayor Adams’ administration to…
Continue Reading New York City Planning Commission Approves Zoning Changes Supporting City’s Climate GoalsLatin America Energy Updates: May–June 2023
In May and June 2023, Latin American countries embarked on a variety of projects to advance the renewable energy movement. Whether it is new agreements to promote international cooperation for…
Continue Reading Latin America Energy Updates: May–June 2023June 29 Webinar | Renewables Mid-Year Check: M&A, Tax Equity and Finance Markets
Greenberg Traurig and Marathon Capital invite you to join us for an insightful mid-year discussion on the state of the renewable energy market, trends and what to expect for the…
Continue Reading June 29 Webinar | Renewables Mid-Year Check: M&A, Tax Equity and Finance MarketsJune 21 WEBINAR | Clean Energy Tax Credits: Direct Pay and Transferability – New Guidance Explained
The energy community has eagerly anticipated the release of guidance related to new Code Sections 6417 and 6418 covering direct pay and transferability of renewable and alternative energy tax credits.…
Continue Reading June 21 WEBINAR | Clean Energy Tax Credits: Direct Pay and Transferability – New Guidance ExplainedIRS Releases Guidance on Elective Payments and Transferability of Certain Tax Credits
On June 14, 2023, the IRS released proposed regulations and additional guidance describing rules for applicable taxpayers to benefit from investments in renewable energy projects through a direct payment of…
Continue Reading IRS Releases Guidance on Elective Payments and Transferability of Certain Tax CreditsIRS Provides Additional Guidance for Advanced Energy Projects Under Section 48C of the Code
On May 31, 2023, the IRS released Notice 2023-44, which provides additional guidance for applicants seeking allocations of the Qualifying Advanced Energy Project Credit under Section 48C of the…
Continue Reading IRS Provides Additional Guidance for Advanced Energy Projects Under Section 48C of the CodeIRS Issues Proposed Regulations for Energy Projects Located in Low-Income Communities
The Internal Revenue Service issued proposed regulations on May 31, 2023, for the Low-Income Communities Bonus Credit Program under Section 48(e) of the Internal Revenue Code. The proposed regulations provide…
Continue Reading IRS Issues Proposed Regulations for Energy Projects Located in Low-Income CommunitiesIRS Issues Guidance for Developers, Investors Seeking to Qualify for Energy Community Bonus Credits Under Inflation Reduction Act
On April 4, the Internal Revenue Service issued Notice 2023-29 (the Notice), which describes certain rules the IRS intends to include in proposed regulations for qualifying for the energy community…
Continue Reading IRS Issues Guidance for Developers, Investors Seeking to Qualify for Energy Community Bonus Credits Under Inflation Reduction ActE2 Law Podcast: Episode 19 | Empire Environmental – New York State Climate Action Council Plan to Reduce Carbon Emissions
Greenberg Traurig’s Steven Russo, Co-Chair of the Environmental Practice and the firm’s New York Environmental Practice, is joined by Shareholder Todd Kaminsky and Of Counsel Jane McLaughlin in the…
Continue Reading E2 Law Podcast: Episode 19 | Empire Environmental – New York State Climate Action Council Plan to Reduce Carbon Emissions