Troutman Sanders LLP: Tax Basis for Solar PV Projects: Treasury Guidance

Owners, and in some cases, lessees, of qualified renewable energy projects are eligible for either an investment tax credit (ITC) equal to 30% of the tax basis for the project, or until the end of this year, a cash grant paid directly by Treasury in the same amount. The ITC is claimed on the taxpayer's...

Troutman Sanders LLP: EPA Defers Application of CO2 Emissions Rules to Biomass

The EPA on July 1, 2011 issued a final rule deferring for three years application of the Clean Air Act's Prevention of Significant Deterioration ("PSD") and Title V permitting requirements to carbon dioxide ("CO2") emissions from biogenic stationary sources. EPA and the Science...

Troutman Sanders LLP: Atlantic Wind Connection Project Adds Belgian Grid Firm Elia to Team

On July 22, 2011, the Atlantic Wind Connection ("AWC"), offshore transmission line project off the Mid-Atlantic coast that would bring thousands of megawatts of offshore wind capacity ashore ( see the October 12, 2010 edition of the WER ), announced that Belgium-based transmission company Elia...

Renewable Energy Insight: Atlantic Wind Connection Wind Farm Project Joins With Belgian Electric Grid Firm Elia For Wind Energy

On July 22, 2011, the Atlantic Wind Connection ("AWC"), offshore transmission line project off the Mid-Atlantic coast that would bring thousands of megawatts of offshore wind capacity ashore ( see the October 12, 2010 edition of the WER ), announced that Belgium-based transmission company Elia...

Troutman Sanders: China Finance: Venture Capital and Private Equity Cleantech Fund Structures for China Investments

This article is written by Edward Epstein , Office Managing Partner of Troutman Sanders' Shanghai Office. It appeared first in ACORE's Summer 2011 US-China Quarterly Market Review and is reprinted with ACORE's permission. To access the full Quarterly Market Review, click here and use this...

Challenge Made to Imports of Chinese Crystalline Silicon Solar Cells and Panels

A new petition was filed with the International Trade Commission (ITC) and the Department of Commerce on October 19, 2011, alleging that imports of crystalline silicon solar cells and panels from China are being sold at unfair value (i.e., "dumped") in the U.S. The petition also alleges that...

Court Denies Rehearing of Decision Overturning CSAPR

On January 24, 2013, the United States Court of Appeals for the D.C. Circuit refused to rehear a decision of a three-judge panel of the court that overturned EPA's Cross-State Air Pollution Rule ("CSAPR"). CSAPR addressed the interstate transport of pollutants emitted by electric generating...