E&E News quoted partner Casey August in an article about the Biden administration’s finalized tax rules on direct pay, which allow nonprofits to be paid 30% of the value of a low-carbon energy project they build and operate.
Casey said the rules could be a challenge for some renewable companies that have not used the tax code for energy projects as frequently as some other industries, noting that the “renewable energy industry is not as accustomed to these types of arrangements as compared to the oil and gas industry.”
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