The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $5 billion in New Markets Tax Credit (NMTC) awards on Sept. 22, with the goal of
Continue Reading U.S. Treasury Announces $5 Billion Allocation of New Markets Tax Credit Awards
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 Act
Watch the “Renewables Year-End Review: M&A, Tax Equity and Finance Markets” webinar presented by GT’s Global Co-Heads of Energy Project Finance Jeffrey Chester and John Eliason, co-hosted with CohnReznick Capital
Continue Reading Renewables Year-End Review: M&A, Tax Equity and Finance Markets
In light of the “worsening drought crises” and “critically low reservoir conditions” in the Western United States, on Aug. 16, 2022, the U.S. Department of the Interior (“Interior”) announced a
Continue Reading Interior Department Determines ‘Tier 2 Shortage Conditions’ on Colorado River Requiring Additional Water Delivery Cuts, Other Actions in 2023
Known colloquially as the BIF—the bipartisan infrastructure framework—or sometimes as the “bipartisan infrastructure bill,” even though it is no longer a bill, IIJA authorizes over a trillion dollars to an
Continue Reading The Infrastructure Investment and Jobs Act and Remedial Programs
Recent federal legislation seeks to address the ever-increasing demand for electric vehicle (EV) infrastructure. On Nov. 15, 2021, the Infrastructure Investment and Jobs Act (IIJA) was signed into law. The
Continue Reading Recent Federal Legislation’s Impact on Electric Vehicle Infrastructure
The Biden administration has prioritized environmental justice and taken steps in this area that impact businesses with U.S. operations. In a Jan. 24, 2022 speech, EPA Administrator Michael Regan spoke
Continue Reading The Biden Administration’s Environmental Justice Policy Agenda: First Steps to Identify How Your Project Fits in the Landscape
The UK has implemented ambitious legislation requiring that UK’s greenhouse gas (GHG) emissions be net zero by 2050. The introduction of electric vehicles (EVs), which are included in the category
Continue Reading Financing EV Infrastructure in the UK
The Maryland Department of the Environment (MDE) has been trying for some time to require counties that operate municipal separate storm sewers (MS4s) to require “restoration” of impervious surfaces in
Continue Reading Storm Sewers and Impervious Cover in Maryland: An Update
Last week, the Pennsylvania Commonwealth Court issued an unreported opinion in an eminent domain case of potential interest in anticipation of an infusion of federal funding for infrastructure development. Montgomery
Continue Reading NEPA and State Law Condemnation in Pennsylvania