Renewables – Page 18 – Global Power Law & Policy

Infocast’s Corporate Energy Sourcing Summit 2015

Dec 10 2014

12-14 January 2015
The Westgate Hotel
San Diego, CA

Presenters: William H. Holmes, Paul C. Lacourciere

K&L Gates is a Platinum Sponsor at Infocast’s Corporate Energy Sourcing Summit 2015, with partner Bill Holmes leading the Summit as Chair. This event focuses on the latest intelligence on financing, business cases, risk, sourcing & sustainability from the leading market players, while evaluating business cases for new strategies and solutions including on & off-site renewables, demand response, efficiency, fuel cells and energy storage. The Summit will be a source of actionable strategies and insights from peers in other sectors including bigbox/retail, manufacturing, data centers, real estate, airports, and universities. The Summit will offer up numerous opportunities to meet key dealmakers, learn about their plans for the upcoming year, and capitalize on new prospects that will lead to successful deals.

House Tax Extenders Package Would Renew the Wind PTC and Other Energy Provisions

Dec 03 2014

Congress is poised to enact a one-year retroactive tax extenders package that would renew a variety of tax incentives—including the production tax credit (PTC) for wind—through the end of 2014. On Wednesday, December 3, the House passed the Tax Increase Prevention Act of 2014 (H.R. 5771) by a vote of 378-46, sending the bill to the Senate for its consideration before the end of the Lame Duck session. Read More

Australia’s Emissions Reduction Fund Legislation Receives Royal Assent

Dec 02 2014

On 25 November 2014 the Carbon Farming Initiative Amendment Act 2014, which puts in place the Emissions Reduction Fund (ERF), received Royal Assent and is now law. The ERF is the cornerstone of the Australian Government’s Direct Action Plan climate change policy for the reduction of greenhouse gas emissions. It will provide $2.55 billion in financial incentives over four years for companies to voluntarily reduce emissions. The Government says its Direct Action Plan climate change policy will mean that Australia will meet the 5 percent emissions reduction target by 2020.

Renewable Energy Tax Incentives At Risk in Lame Duck

Nov 11 2014

Tax incentives for renewable energy could be at serious risk in Congress’ upcoming lame duck session. Reports indicate that Senator Pat Toomey (R-PA) and other conservatives plan to try to block renewable incentives from being included in a year-end “tax extenders” package. Read More

World Bank Publishes New Findings on Doing Business in Africa

Nov 10 2014

President Obama’s Power Africa Plan, ongoing energy procurements and other developments have made Africa an increasingly attractive market for developers of energy projects. For energy companies that are doing business in Africa or are considering developing a project in an African country, the latest K&L Gates Africa Legal Insight offers a review of the World Bank’s new findings on the subject. Read More

Australia: NSW State Government announces funding for community owned renewable energy projects

Nov 04 2014

In Australia, the New South Wales State Government recently announced that it would make funding available for community owned renewable energy projects by way of Government grants known as Growing Community Energy Grants. A total of up to $AUD700,000 has been allocated for these grants.

The Growing Community Energy Grants are designed to support and assist community renewable energy projects or community energy efficiency projects in their early stages by minimising the initial administrative costs often associated with such projects. Accordingly, any funding awarded to a project may be used only for the project development stage (including social and technical feasibility studies, planning, securing host sites and engaging with local communities) and not for capital expenditure, construction or operational costs.

Emissions Reduction Fund passes Senate in Australia

Oct 31 2014

On 31 October 2014, the Australian Senate passed the Carbon Farming Initiative Amendment Bill 2014 (Bill) which puts in place the Emissions Reduction Fund (Fund). The Fund is the cornerstone of the Australian Government’s Direct Action Plan climate change policy for the reduction of greenhouse gas emissions. It is comprised of $2.55 billion over four years to provide financial incentives for companies to voluntarily reduce emissions. The Government says its Direct Action Plan climate change policy will mean that Australia will meet the 5 percent emissions reduction target by 2020.

As last minute amendments were made to the Bill before being passed, the Bill will now return to the House of Representatives for approval before it is presented to the Governor-General for assent.

A White Paper on the Fund was released on 24 April 2014 with the intention of providing details and policy decisions regarding the Fund. Please refer to our earlier Legal Insight dated 19 May 2014.

K&L Gates to Host Deal Room at Energy Storage North America Conference

Sep 25 2014

K&L Gates will once again be the Exclusive Deal Room and Gold Sponsor of the Energy Storage North America conference, September 30 – October 2 in San Jose, CA. K&L Gates partners Bill Holmes and Charlie Schwenck will be moderating panels at ESNA.

The K&L Gates Deal Room is an ideal place to hold your energy storage business meetings in a convenient and private atmosphere during the conference. Reservations are required — to make yours, click here. In addition, discounts for the conference are available. Please contact Bill Holmes for more information.

Blumenauer Introduces Energy Tax Extenders Bill, Includes a Sought-After Amendment for Solar

Sep 24 2014

On Thursday, September 18, Rep. Earl Blumenauer (D-OR) led a group of 18 House Democrats in introducing the Bridge to a Clean Energy Future Act of 2014 (H.R. 5559). The bill would extend several energy tax incentives—many of which Congress allowed to expire at the end of 2013—through the end of 2015. The bill would also extend the production tax credit (PTC), as well as the election to receive an investment tax credit (ITC) in lieu of the PTC, for facilities producing energy from renewable resources through the end of 2016. Read More

Phase I of CA 2030 Low Carbon Grid Study Completed: 50% GHG Reduction Feasible; Energy Storage to Play a Key Role

Sep 04 2014

Last week, the National Renewable Energy Laboratory (NREL) began releasing the results of Phase I of the California 2030 Low-Carbon Grid Study, which is designed to show how the electric sector can most cost-effectively support California’s ambitious GHG emissions goals. The study is generally referred to as the “Low Carbon Grid Study” or “LCGS” by NREL and the approximately 30 companies, foundations and trade associations that participated in the study. Read More

Catagory:Renewables