Nicholas O'Donnell’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/dGnM6ehc #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

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/gkGe5p-s #WhatsYourNext

Exciting times for UK energy storage! ⚡ Neil Brooks, Managing Director at Root-Power, highlights that recent NPPF revisions could boost BESS deployment as solar and wind projects grow. With raised NSIP thresholds, the UK is on track for a clean energy future by 2030. Brooks emphasizes the need for further planning reforms to unlock the full potential of battery storage. 🌍🔋 #CleanEnergy #BESS #Sustainability

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

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