Meghen Sullivan
Associate
Introduction
Meghen Sullivan focuses her practice on renewable energy and clean electricity projects that generate federal tax credits, including the Section 48 and Section 48E investment credits. She represents clients, including equity investors, on issues relating to the acquisition, development, and operation of power-generating projects nationwide.
My focus
I represent clients in project finance transactions, including sale-leasebacks, partnership flips, and Section 6418 transfer transactions. My practice centers on the federal clean energy tax credit regime—now including the technology-neutral Section 48E clean electricity investment credit and Section 45Y clean electricity production credit—together with the remaining Section 48 and Section 45 credits. My work on these transactions includes drafting, reviewing, and negotiating primary transaction documents and conducting the necessary due diligence to ensure transactions run smoothly and efficiently, as well as overall project management.
Looking ahead
With the Inflation Reduction Act’s framework, now refined by the One Big, Beautiful Bill Act, I expect continued private-sector momentum. Recent guidance clarifies the “beginning construction” and placed-in-service deadlines for solar and wind projects to qualify for the Section 48E/45Y credits, and scales back the 5% safe harbor for larger facilities, shifting attention to the physical work pathway. For many solar and wind projects, qualification now turns on meeting the updated “beginning construction” criteria by mid-2026 or achieving placed-in-service deadlines by the end of 2027, depending on technology and project size. At the same time, the adders preserved under current law—including domestic content, energy communities, and low-income incentives—continue to provide powerful levers for value. I help investors and developers navigate these rules and the evolving foreign-entity-of-concern restrictions to optimize incentives while managing execution risk.
Admitted to practice
District of Columbia
Education
American University, Washington College of Law, J.D.
North Carolina State University, B.A., summa cum laude
Professionals in the Practice Area
View AllMichael J. Goldman
Partner- Washington DC
- Office:+1 202.585.8289Mobile:+1 202.716.4798
- mjgoldman@nixonpeabody.com
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