[Report] Lease Sales and Loan Guarantees Increase Potential for Offshore Wind Energy

The United States is set to begin construction this year on its first offshore wind farm – the Cape Wind Project, led by Cape Wind Associates, LLC – located off the coast of Cape Cod, Massachusetts.   The 130-turbine, 468 MW Cape Wind Project would more than quadruple Massachusetts’ current wind power capacity (Figure 1),...

IRS Clarifies Eligibility Criteria for Renewable Energy Tax Credits

IRS Notice 2014-46 provides additional eligibility clarification for renewable energy tax credits and lowers the Safe Harbor requirement from 5 percent to 3 percent. On August 8, 2014, the Treasury Department and the Internal Revenue Service (IRS) released guidance (Notice 2014-26) providing additional clarification regarding eligibility requirements for the renewable electricity production tax credit (PTC)...