The solar industry will need to manage several challenges before entering the market with ratings high enough to attract the lowest cost capital (ideally higher than the A to AA range expected of the initial solar securitizations).
Desert Renewable Energy Conservation Plan to Streamline Permitting for 20,000 Megawatts of Renewable Energy
On September 23, 2014, the California Energy Commission (“CEC”), California Department of Fish and Wildlife (“CDFW”), US Bureau of Land Management (“BLM”), and US Fish and Wildlife Service (“FWS”) released the Draft Environmental Impact Report (“EIR”)/Environmental Impact Statement (EIS”) for the Desert Renewable Energy Conservation Plan (“DRECP”).
Tax reform has been a hot topic as of late, particularly for the energy sector. On September 17, 2014, the Senate Finance Committee continued the focus on energy tax reform by holding a hearing on “Reforming America’s Outdated Energy Tax Code.”
The U.S. shale boom has generated a boom in a related industry: “frac sand.” Sand has become an integral component of hydraulic fracturing.
“What is it like to live inside your head with Peter Pan and the Easter Bunny?” So asks the sister in “Bridges of Madison County” after the brother wonders if the Meryl Streep and Clint Eastwood characters had sex all those years ago.
Conducting commercial operations on tribal lands can pose significant challenges for non-Indian companies. Demonstrating sensitivity to the cultural nuances of Native American society and navigating the complex web of federal and tribal regulations applicable to Indian Country requires expertise and invariably adds time and costs to projects.
EU Court Confirms Support for Protective Local Green Energy Schemes: Will This Approach Spill Over to Other National Environmental Measures?
EU Member State green energy schemes that only support locally produced renewable energy are compatible with EU law. This is the main conclusion of the Court of Justice of the European Union in its judgment of 11 September 2014 (CJEU, Joined Cases C-204/12 to C-208/12, Essent Belgium NV v. Vlaamse Reguleringsinstantie voor de Electriciteits- en Gasmarkt).
Following the model of the World Bank and the International Finance Corporation, several state governments and private companies are ramping up their issuance of green bonds to finance low-carbon, environmentally beneficial projects in renewable energy, clean water, sustainability, biodiversity, energy efficiency, land conservation, river revitalization, drinking water, and infrastructure.
On Friday, September 14, Ottawa announced the ratification of the Canada-China Foreign Investment Promotion and Protection Agreement (the Canada- China FIPA).
With the technological advances and resultant surge in oil and gas production in the last few years, it is not surprising that the number of patents issued to energy companies has increased substantially.