Alternative Energy – Global Power Law & Policy

Power Purchase Amendment? West Virginia House Bills Introduced With Hope of Spurring Power Purchase Agreements in Renewable Energy Development

Jan 17 2020

By: Travis L. Brannon and Katherine M. Gafner

As many states see a push for renewable energy opportunities for their customers located in (or scouting new locations in) their borders, West Virginia legislators are poised to decide whether the state will facilitate such development. On January 8, 2020, two House bills were introduced that could open the door to more renewable choices.

Treasury Guidance Clarifies and (Again) Expands Field of Renewable Energy Projects That May Qualify for the PTC or ITC

Dec 22 2016

By Elizabeth C. Crouse, Charles H. Purcell, Won-Han Cheng, and Alex Weber

Notice 2017-04, issued on December 15, 2016, clarifies and expands the beginning of construction and continuity safe harbors applicable to certain alternative energy projects, including wind installations. Like Notice 2016-31, released on May 5, 2016, Notice 2017-04 concerns only projects that qualify for the Production Tax Credit (“PTC”) under Code Section 45 and, by extension, many projects that qualify for the Investment Tax Credit (“ITC”) through Code Section 48(a)(5). You may read more about the provisions and consequences of Notice 2016-31 in our previous e-alert.

To read the full alert, click here.

Tag:Alternative Energy