IRS Releases New Guidance On Beginning of Renewable Energy Project Construction

IRS Releases New Guidance On Beginning of Renewable Energy Project Construction

The IRS recently released Notice 2014-46 (the Notice) which provides welcome guidance to tax equity investors and developers on the construction of wind, geothermal, biomass, landfill gas and certain hydropower and marine hydrokinetic energy projects for purposes of qualifying for the section 45 renewable electricity production tax credit (PTC), or the section 48 investment tax credit (ITC) in lieu of the PTC.

IRS Relaxes and Clarifies Renewable Energy Tax Credit Eligibility Requirements for Projects Under Construction

On August 8, 2014, the Internal Revenue Service (IRS) issued Notice 2014-46 in response to continued industry requests for clarification on several aspects of the renewable electricity Production Tax Credit (PTC) under section 45, or the energy Investment Tax Credit under section 48 in lieu of the PTC (ITC election).

Mergers and Acquisitions in Renewable Power Sector Signals Growing Optimism About Viability of Renewables

By | Deal Law Wire | June 19, 2014
Mergers and Acquisitions in Renewable Power Sector Signals Growing Optimism About Viability of Renewables

At the Indo-Canada Chamber of Commerce Awards Gala this past weekend, the High Commissioner of India to Canada, Nirmal Vermal, spoke enthusiastically about India’s interest in increasing its investment in renewable power, and also indicated that India would draw from the experiences of countries such as Canada to inform its investment decisions.