Publication
Vietnam’s shift to capacity and energy pricing: What the two component tariff means
The two-component tariff has been mandated in Vietnam pursuant to Article 50 of the amended Electricity Law 2024 and Government Decree 146/2025/ NĐ-CP.
US House revises harmful wind provision
Global | Publication | November 14, 2017
The US House walked back a provision in its tax-cut bill that has frozen the wind tax equity market.
The draft bill the House tax committee released on November 2 would make wind companies prove "continuous construction" work after 2016 on any projects that are completed in 2017 or later to qualify for production tax credits at the full rate of 2.4¢ a KWh.
The House bill remains as drafted.
However, the report the House tax committee released this afternoon explaining what the bill does says that the provision "is intended to codify" the existing IRS policies. While the IRS requires continuous work on projects after the year in which construction started, it does not make any developer prove this for projects that are completed within four years.
The full House is expected to vote on the tax-cut bill as early as Thursday.
Meanwhile, a separate version of the tax-cut bill taking shape in the Senate would leave in place the existing tax credits for wind and solar and the IRS policies implementing them. The Senate tax committee is marking up the Senate version this week. The full Senate is expected to vote on its bill after Thanksgiving. The two houses will then have to agree on a common text.
Recent publications
Publication
Construction Act changes in Ontario are (finally) here
Since the 2024 amendments to Ontario’s Construction Act under Schedule 4 of Bill 216 (Building Ontario For You Act (Budget Measures), 2024) received royal assent, project owners and construction companies have been holding their breath for the amendments to come into force.
Publication
SHANTI Act 2025: Rewiring India’s Nuclear Liability and Regulatory Architecture
The Sustainable Harnessing and Advancement of Nuclear Energy Act, 2025 (the SHANTI Act) came into effect in India on 21 December 2025. The SHANTI Act is the most sweeping reform of India’s nuclear regime to date, repealing the previously existing Atomic Energy Act, 1962 and the Civil Liability for Nuclear Damage Act, 2010 (CLND Act).
Subscribe and stay up to date with the latest legal news, information and events . . .