The Treasury Department finalized rules for a major clean energy tax cut Wednesday.
The credit, extended by the 2022 Inflation Reduction Act, is a potential boon for offshore wind, geothermal, energy storage and other sectors. It’s in effect for projects that begin construction before Jan. 1, 2025, at which point the current energy tax code is overhauled with two “tech-neutral” clean energy perks passed in the IRA.
“The Inflation Reduction Act has given clean energy project developers clarity and certainty to undertake major investments and produce new clean power to meet growing electricity demand,” Deputy Treasury Secretary Wally Adeyemo said in a statement. “Today’s announcement will help lower consumers’ utility bills, strengthen U.S. energy security, and create good-paying jobs.”
U.S. small businesses do not need to fileWhat it means: U.S. small businesses do not need to file federal Beneficial Ownership Information reports. FinCEN issued a new regulation that exempts all U.S.
Press Release from Carey Olsen, Thursday 20 February, 2025. Carey Olsen’s corporate team in Guernsey has advised ICFG Limited (formerly Fintech Asia Limited), a Guernsey company listed and admitted
Press Release from Carey Olsen, Friday 4 July, 2025. Carey Olsen’s corporate team in the Cayman Islands has advised FIGX Capital Acquisition Corp., a special purpose acquisition company (“SPAC”),
The 2024 United Nations Climate Change Conference (COP29) left a bitter taste in the mouths of developing country negotiators. Many felt betrayed by what Indian negotiator Chandni Raina called an ‘optical