GOLDEN CRESCENT AND 1000 ISLAND NEWS

  Enacted in August 2022, the Inflation Reduction Act (the “IRA”) expanded energy tax credits by increasing credit amounts, broadening eligibility beyond wind and solar, and allowing credits to be developed and sold, as outlined  here . The winds have now shifted . Two years later, the One Big Beautiful Bill Act (the “OBBBA”) slows that momentum by  delivering a final blow to wind and solar , terminating the tech-neutral investment tax credit (“ITC”) and production tax credit (“PTC”) for projects that are not placed in service before 2028, with a safe harbor for projects that begin construction within 12 months of enactment. The OBBBA also  introduces sweeping “foreign entity of concern” limitations that could disqualify many projects from the credits entirely. The wind-down  doesn’t stop there . On July 7, Trump issued an  executive order  giving Treasury 45 days to issue new guidance on what it means to begin construction, dispelling any doubt about ...

  Summary: Policy shift risks $373 billion in clean energy investments New tax credit rules could make even fewer projects eligible for incentives Solar manufacturers concerned about demand for U.S.-made products once credits expire   July 24 (Reuters) - Singapore-based solar panel manufacturer Bila Solar is suspending plans to double capacity at its new factory in Indianapolis.   Canadian rival  Heliene’s  plans for a solar cell facility in Minnesota are under review. Norwegian solar wafer maker  NorSun  is evaluating whether to move forward with a planned factory in Tulsa, Oklahoma. And two fully permitted  offshore wind farms  in the U.S. Northeast may never get built.   These are among the major clean energy investments now in question after  Republicans  agreed earlier this month to quickly  end U.S. subsidies  for solar and wind power as part of their budget megabill, and as the White House directed agencies to ...

  July 23, 2025   Takeaways  ·           NextEra Energy Inc. shares fell after  executives did not express full confidence that its renewable projects would qualify for federal tax credits for wind and solar projects , according to Jefferies analysts. ·           Company  executives' tone was "more cautious and focused on uncertainty" than expected , Scotiabank analysts said, regarding securing tax credits before they are rolled back. ·           NextEra's CEO John Ketchum said the company "believes that we've begun construction on a sufficient number of projects to cover our development expectations through 2029". NextEra Energy Inc.  shares tumbled Wednesday after  executives failed to convince analysts its renewable projects would qualify for soon-to-disappear federal tax credits. Company executives on an earnings ca...

  Noise from Cassadaga June 26 LEAF OFF RSG Report . Case # 14-F-0490 DMM 891. Cause1 - icing remedy was to shut down turbine.  Please note shut down is required. A new software detection was added. Cause2  -inflow turbulence due to close configuartion of multiple turbines. Wind WAKE? Under its Certificate of Environmental Compatibility and Public Need (“Certificate”), the 126 MW Cassadaga Wind project (“Project”) is required to conduct post construction sound monitoring to assess compliance with specified noise limits. Sound monitoring was initially conducted during the 2021/2022 “Leaf-Off” season. This found that the Charlotte Town noise standard was exceeded around the Nordex wind turbines during certain periods when the blades were iced. In 2022, Cassadaga Wind took steps to implement mitigation to shut down certain wind turbines when icing was detected. The Project was retested in the 2022/2023 Leaf-Off season. During that monitoring period, one hour at monitoring lo...

  July 22, 2025 By Atin Jain, Senior Associate, Wind The newly enacted “One Big Beautiful Bill Act” reshapes the US clean energy landscape, tightening tax credit access and curbing momentum across project pipelines. A short path still exists for wind and solar projects to access these credits, but it will not be an easy road ahead for most developers. BloombergNEF’s revised outlook now projects a 23% drop in new wind, solar and energy storage additions through 2030 versus the 1H 2025 base case. The latest from BloombergNEF delivered to your inbox Sign up for BNEF’s free newsletter. ·  Technologies fare differently within this decline. Onshore wind sees a staggering 50% cut to BNEF’s 2025-2030 forecast relative to the 1H 2025 view, while solar and energy storage see a 23% and 7% drop, respectively. BNEF now expects 395 gigawatts (GW) of clean power build over this period compared with the 512GW previously expected. ·  Developers face a tight tax credit qualification w...

  Beveridge & Diamond’s more than 125 lawyers across the U.S. offer decades and depth of experience advising numerous industry sectors on environmental law and its changing applicability to complex businesses worldwide. Our core capabilities encompass facilities and products; U.S. and international matters; regulatory strategy, compliance, and enforcement; litigation; and transactions.   Explore Firm Details On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, significantly revising the U.S. tax code to reflect the Administration's domestic energy, trade, and national security priorities. United States Energy and Natural Resources Brook Detterman, Eric L. Christensen, Robert T. Denney   On July 4, 2025, President Trump signed the  One Big Beautiful Bill Act  (OBBBA) into law, significantly revising the U.S. tax code to reflect the Administration's domestic energy, trade, and national security priorities. Among its most con...

  The Department of Energy  canceled a nearly $5 billion loan guarantee  for the Grain Belt Express, a transmission project intended to connect wind power in Kansas with demand in Illinois that would eventually stretch all the way to Indiana. “After a thorough review of the project’s financials, DOE found that the conditions necessary to issue the guarantee are unlikely to be met and it is not critical for the federal government to have a role in supporting this project. To ensure more responsible stewardship of taxpayer resources, DOE has terminated its conditional commitment,” the Department of Energy said in a statement Wednesday. The $11 billion project had been in the works for more than a decade and had won bipartisan approval from state governments and regulators across the Midwest. The conditional loan guarantee  announced in November 2024  would have secured up to $4.9 billion in financing to fund phase one of the project, which would run from Ford Coun...

  Solar and wind energy projects must now get Interior Secretary Doug Burgum’s personal sign-off to receive permits across the hundreds of millions of federal acres under his department’s control, according to an internal memo obtained by POLITICO. The Interior directive puts wind and solar projects under heightened scrutiny, potentially slowing approvals and construction across vast swaths of some of the most sun- and wind-rich portions of the country. The memo was sent to Interior staff on Wednesday, according to a person familiar with it and an Interior official who had seen the document who were both granted anonymity to discuss a memo that had not been publicly released. The move comes as President Donald Trump has sought to clamp down on wind and solar subsidies — at  the behest of House conservatives  — even after moderate Republicans in the Senate preserved some federal tax credits for those energy sources in their recently enacted megalaw. Gregory Wischer, Interi...

  07/21/2025 Good morning and welcome to the weekly Monday edition of the New York & New Jersey Energy newsletter. We’ll take a look at the week ahead and look back on what you may have missed last week. TAX CREDIT WHIPLASH  — POLITICO’s Marie J. French and Ry Rivard:  The accelerated phaseout of federal tax credits for clean energy has increased uncertainty for state efforts to bolster renewables. States are delaying procurements of new renewables, including offshore wind and solar, as they evaluate the energy impacts of the One Big Beautiful Bill Act. Energy experts and policymakers expect consumer costs to be higher due to policy changes in the GOP megabill. “Those costs will certainly increase, not just from short term supply shocks and the loss of federal tax credits but also from the uncertainty,” said Julia Hoos, an energy analyst with Aurora Energy Research. Why it matters:  New York, New Jersey and other Northeast states have ambitious renewable energy g...

  Democrats are attacking the GOP’s budget bill for phasing out subsidies for wind and solar power, claiming this will cause power shortages and higher electric rates.   The evidence suggests the opposite , as a new Energy Department study illustrates. As we’ve been writing for years, the reliability of the U.S. electrical grid is in trouble. The Energy report projects potential power shortfalls in 2030, as 104 gigawatts of baseload power retire in the next five years.  But here’s the really bad news: That shortfalls will exist even if that production is replaced, as expected, with 209 gigawatts of the mostly solar and wind generation under development . Americans would lose power in 2030 for an average of 817.7 hours (34 days), assuming typical weather conditions. If heat waves or storms stress the grid, outages could reach 55 days. Even without plant shutdowns, Americans would lose power for 269.9 hours (11 days) amid demand growth. The power shortages would be worse in...

  To prevent blackouts, it's necessary to stop the subsidy-fueled expansion of wind and solar projects -- which is what the bill does. P resident Trump ’s One Big Beautiful Bill ACT (OBBBA) takes a long-overdue step toward energy realism. It cuts off federal subsidies for new solar and wind projects not underway by a specified date, saving taxpayers billions. Predictably, green-energy advocates, recognizing that their government gravy train is losing a few cars, are already sounding the alarm. Authors such as David Dayen in the  American Prospect  are  claiming that OBBBA will trigger blackouts .  This is not true. The now-passed bill makes blackouts less likely, not more. OBBBA will eliminate wind and solar subsidies for new projects not under construction by July 4, 2026,  saving taxpayers an estimated $500 billion . Subsidies and tax credits will not be granted to any new solar or wind project not connected to the grid and delivering power within four ye...