The focus of the Internal Revenue Service (IRS) Large Business and International (LB&I) initial compliance issues, announced earlier this year, troubled many energy companies. Rather than taking the historical approach of auditing the returns of the largest corporate taxpayers, the IRS now pools its audit resources around 13 initial campaigns, or issues of concern. For energy companies, the campaign targeting the IRC 48C energy credit, and....
As most of us know, the U.S. has withdrawn from the Paris Agreement on climate change. The agreement aims to reduce the risks and impacts of climate change, in part by participating countries’ commitment to low greenhouse gas emissions, and climate-resilient development. While the Trump administration views the Paris Agreement as a bad idea, evidence suggests that U.S. state and local governments, as well as U.S. businesses, have a different vi....
Large-scale PV tracking projects (>100 MW) are returning to the front in the USA, as the extended ITC reduction schedule deadline approaches. The challenges of these projects stem from economic and technical variables, but are also related to the tracker supplier’s capacity, and reliability to deliver the volume and quality on time. ITC build out construction will likely be starting as late as possible, and timely deliveries will be expected....
Wind turbines are designed to operate for 20 years. However, wind operators experience gearbox failure rates of up to 50 percent across the lifetime of their fleet. As a result, the industry spends billions of dollars annually in supply chain costs. High transportation costs and logistical difficulties, especially in remote and offshore locations, contribute to an asset manager’s need to invest in digital technologies that provide visibility in....
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