Skip to content

Project Development

Letters of Intent to Develop Energy Projects

Letters of Intent to Develop Energy Projects

In many of my presentations to energy developers and utilities, I generally devote some time to letters of intent.  They are common and sometimes necessary to begin preliminary negotiations for the development of an energy project.  But when one party has incurred, or is about to incur, substantial costs, a letter of intent may be inadequate.  The case discussed in this blog post is one example. Read More »Letters of Intent to Develop Energy Projects

IRS Notice Clarifies Begin-Construction Requirement for PTC and Elective ITC

IRS Notice Clarifies Begin-Construction Requirement for PTC and Elective ITC

The IRS has issued two notices this year that provide essential guidance for taxpayers who seek renewable energy tax credits under the Production Tax Credit (PTC) and elections to take the Investment Tax Credit (ITC).  Both of these tax credits were significantly amended by the American Taxpayer Relief Act of 2012 (ARTA).  The primary amendment replaced the in-service requirement with the begin-construction requirement.  Read More »IRS Notice Clarifies Begin-Construction Requirement for PTC and Elective ITC