-
Jan 24, 2025 | 
jdsupra.com | Shariff Barakat |Sarah Kirwin |Susan Lent
On January 20, 2025, President Donald Trump signed the Unleashing American Energy Executive Order (“Energy EO”) and theReevaluating and Realigning United States Foreign Aid Executive Order (“Foreign Aid EO”), both portend a shift in federal funding priorities and raise questions about the willingness to continue to fund prior government commitments.
-
Jan 16, 2025 | 
jdsupra.com | Shariff Barakat |Jesse Betts |Jon Boben
As we enter 2025 with a new president in the White House and Republicans in control of both the House and the Senate, we can look forward to a significant shift in the landscape for oil & gas transactions. The second Trump administration has made clear its intent to repeal most, if not all, of the Biden era clean energy actions and instead urge the industry to “drill, baby, drill” in an effort to radically increase production.
Please see full publication below for more information.
-
Jan 9, 2025 | 
akingump.com | Ike Emehelu |Shariff Barakat
By: Ike Emehelu, Shariff N. BarakatJoin projects & energy transition partners Ike Emehelu and Shariff Barakat at Infocast's Projects & Money, where Ike will moderate the "The State of Project Finance – View from the C-Suite" panel, and Shariff will moderate the "Capital Markets & Other Capital Sources for Project Finance & Investment" panel. Please click here to register and enter promotional code 250113 to receive 15% off.
-
Nov 12, 2024 | 
mondaq.com | Vanessa Wilson |Kenneth Markowitz |Shariff Barakat |Ike Emehelu
President-elect Trump has been outspoken about his intent to
reverse many of the Biden administration's clean energy
legislative and regulatory actions.
We expect that the second Trump administration will seek to
repeal most, if not all, of the Biden administration's actions
on climate change and the environment. One target of these efforts
will likely be the Inflation Reduction Act of 2022 (IRA). The new
administration may seek to repeal the IRA in whole or in part.
-
Nov 11, 2024 | 
jdsupra.com | Shariff Barakat |Richard Coppola III |Ike Emehelu
President-elect Trump has been outspoken about his intent to reverse many of the Biden administration’s clean energy legislative and regulatory actions. We expect that the second Trump administration will seek to repeal most, if not all, of the Biden administration’s actions on climate change and the environment. One target of these efforts will likely be the Inflation Reduction Act of 2022 (IRA). The new administration may seek to repeal the IRA in whole or in part.
-
May 31, 2024 | 
jdsupra.com | Shariff Barakat |Amy Elliott |Jerome Garciano
On May 29, 2024, the Internal Revenue Service (IRS) and the Department of Treasury issued proposed regulations (REG-119283-23) addressing the new technology neutral clean electricity production tax credit (PTC) in section 45Y and the clean electricity investment tax credit (ITC) in section 48E, each of which was designed to become available for projects that are placed in service after December 31, 2024, when their corresponding predecessors (sections 45 and 48, respectively) generally expire.
-
May 30, 2024 | 
lexology.com | Shariff Barakat |Scott Heimberg |Matthew Kapinos |Susan Lent |Daniel Lynch |Jeffrey D. McMillen | +4 more
On May 29, 2024, the Internal Revenue Service (IRS) and the Department of Treasury issued proposed regulations (REG-119283-23) addressing the new technology neutral clean electricity production tax credit (PTC) in section 45Y and the clean electricity investment tax credit (ITC) in section 48E, each of which was designed to become available for projects that are placed in service after December 31, 2024, when their corresponding predecessors (sections 45 and 48, respectively) generally expire.
-
May 23, 2024 | 
jdsupra.com | Shariff Barakat |Amy Elliott |Jerome Garciano
On May 16, 2024, the Internal Revenue Service (IRS) issued further guidance (Notice 2024-41, the Additional Notice) intended to provide clarity and certainty surrounding the domestic content1 bonus credit by (among other changes) adding a new elective safe harbor designed to make it easier for taxpayers to establish that they qualify for the bonus amount, which is only available for certain of the clean energy production and investment tax credits (PTC and ITC) added or amended by the...
-
May 22, 2024 | 
lexology.com | Shariff Barakat |Scott Heimberg |Matthew Kapinos |Susan Lent |Daniel Lynch |Jeffrey D. McMillen | +4 more
On May 16, 2024, the Internal Revenue Service (IRS) issued further guidance (Notice 2024-41, the Additional Notice) intended to provide clarity and certainty surrounding the domestic content1 bonus credit by (among other changes) adding a new elective safe harbor designed to make it easier for taxpayers to establish that they qualify for the bonus amount, which is only available for certain of the clean energy production and investment tax credits (PTC and ITC) added or amended by the...
-
Apr 19, 2024 | 
jdsupra.com | Shariff Barakat |Jesse Betts |Ike Emehelu
The energy transition posts a tremendous opportunity for private equity investors. The scale of the investment requirement makes private capital a “must have” and a broad spectrum of energy transition opportunities, particularly in “hard to abate” solutions, where direct electrification does not provide an efficient solution, offer a risk and return profile well suited to private equity fund expectations with significant value enhancement and upside potential.
