
Inflation Reduction Act
Power Steering Saudi Bus Rapid Transit PPP
In anticipation of a wave of bus rapid transit (BRT) projects across Saudi Arabia, Bracewell's Andrej Kormuth, Tom Swarbrick and Bagya Nambron look at the key features of BRT systems from a PPP structuring perspective and the question of technological choice: battery and hydrogen as two competing ‘clean’ fuel technologies and the factors that may determine their bankability.
Macedonian Gold Mines and Greek Bonds
Bracewell's Ro Lazarovitch and Bagya Nambron join Natalie Kedikoglou, general counsel at Hellas Gold, Frank Herbert, EVP and general counsel, and Paul Ferneyhough, SVP and chief strategy and commercial officer at Eldorado Gold Corporation, to discuss the project financing facility for the Skouries Mine in Northern Greece.
Offshore Wind Litigation: Court Denies Fishing Groups’ Challenge to Major Offshore Wind Project
Judge Indira Talwani of the US District Court for the District of Massachusetts has rejected another challenge to federal permits and approvals for the Vineyard Wind Project (Vineyard Wind or the Project). Vineyard Wind is under construction off the coast...
New California Offshore Wind Legislation Addresses Procurement and Permitting
The offshore wind industry now has California’s answer to a pressing concern—how might the state procure this generation resource? California Governor Gavin Newsom recently signed a suite of bills that create a mechanism for the state to procure offshore wind...
ICLG: England & Wales Renewable Energy 2024
Bracewell’s Oliver Irwin, Robert Meade, Nicholas Neuberger and Adam Quigley authored the England & Wales Q&A analysis chapter in the fourth edition of International Comparative Legal Guides – Renewable Energy Laws and Regulations 2024.
ICLG: The Rise of Co-Located Renewable Projects 2024
Bracewell’s Oliver Irwin, Ro Lazarovitch and Nicholas Neuberger take a brief look at the current state of the co-location market and the corporate structuring solutions being adopted, as well as certain bankability considerations in the Expert Analysis chapter in the fourth edition of International Comparative Legal Guides – Renewable Energy Laws and Regulations 2024.
A Chattering of Starlings – African Holdcos
Bracewell’s Tom Jamieson and Gordon Stewart along with NK Naginlal Modi, power and infrastructure senior relationship manager at Mauritius Commercial Bank Limited, discuss the emergence and intricacies of a holdco financing in the African landscape, combining project finance, acquisition finance and structurally subordinated holdco financing.
Seller Beware: The Impact of New Executive Regulations Under the UAE’s Consumer Protection Law
Significant changes to consumer protection legislation in the United Arab Emirates (UAE) will take effect on 14 October, 2023. Businesses should be aware of how such legislation may impact their current operations and in turn make the necessary adjustments to...
NLRB Revises Test for Evaluating Workplace Policies
On August 2, 2023, in Stericycle, Inc. (Stericycle), the National Labor Relations Board (the Board) revised the test for determining whether an employer’s workplace policies comply with the National Labor Relations Act (the NLRA). Stericycle reverses the Board’s 2017 decision...
FERC Finalizes Interconnection Queue Reforms
On July 28, 2023, following up on its June 2022 Notice of Proposed Rulemaking (“Generator Interconnection Reform NOPR”), the Federal Energy Regulatory Commission (“FERC” or “Commission”) issued its long-awaited rulemaking order, Order No. 2023, requiring reforms to FERC’s pro forma...
The Multi-Sector Fuel Dilemma
Confusion persists among industry stakeholders regarding the correct structuring approach to renewables. The truth is that renewables traverse sectors and is not a sector itself. Electrical power generated through sustainable means is a service, much like fossil fuel powered power...
Supreme Court “Clarifies” Employer Duty to Make Religious Accommodations
On June 29, 2023, in Groff v. DeJoy , the US Supreme Court unanimously adopted a new interpretation of the standard for when an employee’s religious accommodation poses an “undue hardship” for an employer under Title VII of the Civil...
Treasury Department and IRS Issue Additional Guidance on the New Low-Income Communities Bonus Credit Program
The low-income communities bonus credit (the LIC Bonus), which was introduced by the Inflation Reduction Act of 2022 (the IRA), provides an enhanced tax credit for certain wind and solar facilities located in designated low-income communities. On February 13, 2023...
Treasury Department and IRS Release Long-Awaited Guidance on Credit Transfers
On June 14, 2023, the Treasury Department and the Internal Revenue Service (IRS) released long-awaited guidance (the Credit Transfer Guidance) regarding the transfer of energy transition tax credits under Section 6418, [1] which was enacted under the Inflation Reduction Act...
Updated Texas Property Tax Incentives Program Adds New Wrinkles
Bracewell’s Bucky Brannen reviews differences between Texas’ new property tax incentives program and the previous version of the program, identifying potential obstacles and considerations for applicants.