Natalie Lederman’s Post

On April 16, Ameek Ashok Ponda, with assistance from Paul Decker, Sarah Wellings and Connie Lee, submitted a comment letter to the Internal Revenue Service (IRS) regarding his recommendations for the 2024-2025 Priority Guidance Plan, pursuant to Notice 2024-28, I.R.B. 2024-13. The comment letter incorporates a March 2024 thought piece (updated from time to time) published by Ameek, Paul, Sarah and Connie, titled "Enabling REITs to Deploy Renewable Energy: Toward a Workable Legal Standard," in a request to the IRS and the Department of Treasury to issue precedential guidance that confirms that revenue generated by a REIT from a renewable energy source is not “impermissible tenant service income,” as well as guidance that enables a REIT to deploy renewable energy infrastructure during periods of ramp up or tenant vacancies. To learn more or read the comment letter, click here: https://lnkd.in/e2mdhGkj #WhatsYourNext

On April 16, Ameek Ashok Ponda, with assistance from Paul Decker, Sarah Wellings and Connie Lee, submitted a comment letter to the Internal Revenue Service (IRS) regarding his recommendations for the 2024-2025 Priority Guidance Plan, pursuant to Notice 2024-28, I.R.B. 2024-13. The comment letter incorporates a March 2024 thought piece (updated from time to time) published by Ameek, Paul, Sarah and Connie, titled "Enabling REITs to Deploy Renewable Energy: Toward a Workable Legal Standard," in a request to the IRS and the Department of Treasury to issue precedential guidance that confirms that revenue generated by a REIT from a renewable energy source is not “impermissible tenant service income,” as well as guidance that enables a REIT to deploy renewable energy infrastructure during periods of ramp up or tenant vacancies. To learn more or read the comment letter, click here: https://lnkd.in/eAX3hdb7 #WhatsYourNext

On April 16, Ameek Ashok Ponda, with assistance from Paul Decker, Sarah Wellings and Connie Lee, submitted a comment letter to the Internal Revenue Service (IRS) regarding his recommendations for the 2024-2025 Priority Guidance Plan, pursuant to Notice 2024-28, I.R.B. 2024-13. The comment letter incorporates a March 2024 thought piece (updated from time to time) published by Ameek, Paul, Sarah and Connie, titled "Enabling REITs to Deploy Renewable Energy: Toward a Workable Legal Standard," in a request to the IRS and the Department of Treasury to issue precedential guidance that confirms that revenue generated by a REIT from a renewable energy source is not “impermissible tenant service income,” as well as guidance that enables a REIT to deploy renewable energy infrastructure during periods of ramp up or tenant vacancies. To learn more or read the comment letter, click here: https://lnkd.in/eThPEygC #WhatsYourNext

On April 16, Ameek Ashok Ponda, with assistance from Paul Decker, Sarah Wellings and Connie Lee, submitted a comment letter to the Internal Revenue Service (IRS) regarding his recommendations for the 2024-2025 Priority Guidance Plan, pursuant to Notice 2024-28, I.R.B. 2024-13. The comment letter incorporates a March 2024 thought piece (updated from time to time) published by Ameek, Paul, Sarah and Connie, titled "Enabling REITs to Deploy Renewable Energy: Toward a Workable Legal Standard," in a request to the IRS and the Department of Treasury to issue precedential guidance that confirms that revenue generated by a REIT from a renewable energy source is not “impermissible tenant service income,” as well as guidance that enables a REIT to deploy renewable energy infrastructure during periods of ramp up or tenant vacancies. To learn more or read the comment letter, click here: https://lnkd.in/eRchyzNw #WhatsYourNext

On April 16, Ameek Ashok Ponda, with assistance from Paul Decker, Sarah Wellings and Connie S. Lee, submitted a comment letter to the Internal Revenue Service (IRS) regarding his recommendations for the 2024-2025 Priority Guidance Plan, pursuant to Notice 2024-28, I.R.B. 2024-13. The comment letter incorporates a March 2024 thought piece (updated from time to time) published by Ameek, Paul, Sarah and Connie, titled "Enabling REITs to Deploy Renewable Energy: Toward a Workable Legal Standard," in a request to the IRS and the Department of Treasury to issue precedential guidance that confirms that revenue generated by a REIT from a renewable energy source is not “impermissible tenant service income,” as well as guidance that enables a REIT to deploy renewable energy infrastructure during periods of ramp up or tenant vacancies. To learn more or read the comment letter, click here: https://lnkd.in/dh7JUc4F #WhatsYourNext

Nigel Hawkins reviews the challenges facing infrastructure and renewable energy investors, analysing the share price performance of the Infrastructure Investment Companies and Renewable Energy Infrastructure Funds which have been impacted by the sharp interest rate rises in recent years. With a change of government in the UK and the possible relaxation of planning regulations for renewable energy, coupled with an improving picture from the Bank of England with expected interest rate cuts on the horizon, the sector could see a boost in valuations. Nigel's piece analyses the mixed performance among the IICs and REIFs as some have seen an improving picture despite the challenging economic environment. Read the full article here - https://lnkd.in/eGT4c5FK #reifs #renewableenergy #investing #investmentmanagement #infrastructureinvestment

VC261 was approved and gazetted today to amend clause 53.22 to apply this clause to planning permit applications for renewable energy facilities and storage facilities with an installed capacity of greater than 1MW, as well as electricity transmission and distribution facilities. This basically means there will be no third party rights of appeal to VCAT in respect of such applications. This of course aligns with the government's announcement a few weeks ago to apply the development facilitation program to applications for renewable energy facilities, although this presumably would not apply to applications which undergo an EES process. But as I said at the time of the announcement, a quick decision to refuse an application or take turbines of a wind farm helps no one - not the proponent, the affected community, or decision makers. What would really help is greater clarity on what the Victorian government expects permit applicants to do in their applications and impact assessments, some other Australian jurisdictions do this a lot better.

From our latest edition of the Utility Scale Energy Storage Market Report, we've provided a brief review of our BESS market analysis. The UK government is committed to reducing greenhouse gas (GHG) emissions with legally binding targets from the Paris Agreement and its own Net Zero by 2050. Despite a general lack of knowledge around renewable energy and unfit planning policies, a huge number of projects have entered the development pipeline. However, this has led to a queue for grid connection, with many developers given waiting times of up to 10 years or more. This means some ‘shovel ready’ projects cannot go ahead as DNOs (district network operators) must give priority to projects higher up the waiting list that may be less developed. Swipe through our post below to find out more about the BESS market. #BESS #MarketResearch #Construction

The Capacity Investment Scheme (CIS) has released a market brief outlining the planned design elements for the upcoming CIS Tender 1, Generation in the NEM (Tender 1). Tender 1 will commence on 31 May 2024 and aims to deliver 6 GW of renewable electricity generation (generation) across the National Electricity Market (NEM). A minimum 4.2 GW of the targeted 6 GW of generation capacity has been allocated to specific states that participate in the NEM. The remaining 1.8 GW of generation capacity may be allocated to projects across the NEM, based on a successful merit assessment of the projects . Final Tender 1 design elements will be published in the Tender Guidelines and draft Tender 1 Capacity Investment Scheme Agreement. The CIS will: - deliver an additional 32 GW of renewable generation and dispatchable capacity by 2030 - deliver the Australian Government’s 82% renewable electricity by 2030 target. Read more 🔗 https://brnw.ch/21wJDL7 #DCCEEWNews

Australia is gearing up for its largest-ever renewable energy tender, aiming to procure 6 GW of new solar and wind projects to replace aging coal power generation. The federal government's initiative, called the Capacity Investment Scheme (CIS), will kick off in May and run until 2027, with tender rounds occurring every six months. The CIS is intended to deliver an additional 32 GW of capacity, including 23 GW of renewable energy generation and 9 GW of dispatchable storage capacity by 2030, in pursuit of Australia’s target of 82% renewable generation by the end of the decade. Clean Energy Council (CEC) Chief Policy and Impact Officer, Arron Wood AM, welcomed the tender update, saying the CIS is “one of the most significant policy commitments for renewable energy in our nation’s history.” https://lnkd.in/eCYe9Puq #Australia #EnergyTransition #OdinGlobal