Today’s energy landscape is more complex and interconnected than ever before. Evolving regulations, increased connectivity and a global infusion of capital into new technologies present new challenges and opportunities for companies across the industry.
Nearly every sector of the energy industry is undergoing enormous change. At 18% of the power mix, renewable energy resources comprise as large a contribution to total U.S. electricity generation as the country’s nuclear fleet. Wind and solar capacity alone has increased over 471% since 2008, from 25 GW to 143 GW.[1] Regulators are contending with the rise of distributed energy resources (DER) such as behind-the-meter generation and storage technologies, and states are continuing to address resiliency, reliability and the DER grid integration.
Against this backdrop, the new administration is rescinding past climate change initiatives, which is impacting electric generation, as well as oil and gas production and transmission moving forward. As the largest contributor to the U.S. electricity portfolio, shale gas positions natural gas as the fuel of the future for baseload and peaking generation (in 2017, natural gas made up nearly 32% of overall U.S. generation).[2] However, transporting shale gas and oil from the shale regions to underserved parts of the country proves challenging.
Our firm is right in the middle of this transformation. Among our many other efforts, we helped draft the initial residential solar agreements back in 2008. In recent years, we were on the forefront of community and virtual net metering agreements. Today, we are helping to implement energy storage across the nation. We can help you keep pace with industry developments and provide strategic advice to help your business continue to thrive into the future. Our diverse experience in state and federal regulation and compliance, project development and finance, transmission and interconnection issues, permitting, finance, risk management and energy supply can help you navigate this new ecosystem.
Law360 | March 01, 2022
New York partner and co-leader of the Energy and Infrastructure Projects team Ellen Friedman and Washington, DC associate Ben Reiter, both of the Project Finance & Public Finance group, contributed this article discussing the new Carbon Dioxide Transportation Infrastructure Finance and Innovation (CIFIA) program included in the Infrastructure Investment and Jobs Act, which is a first-of-its-kind program in the carbon capture and sequestration space.
Power Finance & Risk | September 30, 2021
This article, on the growing shift among solar project owners to buy out tax equity investors as projects pass their recapture periods, quotes Albany Project Finance & Public Finance senior counsel Rich Cogen, co-leader of the Energy & Infrastructure Projects team, on the anticipated surge of investor exits in the coming years.
Power Finance & Risk | July 30, 2021
This article covers the publication’s recent roundtable event, where major players in the project finance space discussed the state of industry in the first half of 2021. Energy & Infrastructure Projects team co-lead and New York City Project Finance & Public Finance partner Ellen Friedman is quoted extensively for her outlook on the Biden administration’s infrastructure plan, the renewable energy space, and the development of new tax credit structures around 45Q. Ellen also discussed expanded SEC oversight on ESG disclosures, and the increased role of the Committee on Foreign Investment in the U.S. on proposed, and sometimes closed, transactions as having a major impact on power and renewables project financing.
Rochester Business Journal | April 23, 2021
This feature story on growth and expansion of NP client REV LNG LLC, which specializes in renewable energy project development and mobile energy services, quotes Rochester office managing partner Jared Lusk, of the Affordable Housing & Real Estate group, for NP’s close partnership and collaboration with REV LNG CEO David Kailbourne to help grow the company.
S&P Global | March 22, 2021
This article quotes Energy and Infrastructure Projects practice team co-leader and New York City partner Ellen Friedman on how major banking institutions are pursuing carbon capture investment structures while mitigating sectorial risks, and also how investors are seeking further guidance and clarity from the IRS.
Power Finance & Risk | February 11, 2021
This article on the reintroduction of the GREEN Act in the House of Representatives quotes New York City Project Finance & Public Finance partner Ellen Friedman on the viability of the Act’s 85% refundable credit to make it through the Senate and her outlook on the 30% investment tax credit for standalone energy storage.
Engineering News-Record | November 02, 2020
This story about boosting U.S. transmission capacity to integrate a growing backlog of renewable power projects into the grid quotes a recent Bloomberg Law article written by Albany partner Pete Trimarchi and associate Dana Stanton, and Rochester associate Sarah Lobe, all of the Environmental and Land Use team.
Bloomberg Law | October 26, 2020
The following Bloomberg Law article comprises a two-part, contributed series on the New York State Department of Environmental Conservation’s transformative regulatory changes on climate change, renewable energy, and emerging contaminants. The articles are written by Albany partner Pete Trimarchi and associate Dana Stanton, and Rochester associate Sarah Lobe, all of the Environmental and Land Use team.
Bloomberg Law | October 23, 2020
The following Bloomberg Law article comprises a two-part, contributed series on the New York State Department of Environmental Conservation’s transformative regulatory changes on climate change, renewable energy, and emerging contaminants. The articles are written by Albany partner Pete Trimarchi and associate Dana Stanton, and Rochester associate Sarah Lobe, all of the Environmental and Land Use team.
Washington Lawyer | March 01, 2020
This in-depth profile of New Partners Community Solar features Nixon Peabody’s role in the project and quotes Washington, DC, Community Development Finance senior counsel Jeff Lesk and senior counsel Herb Stevens.
Washington City Paper | February 24, 2020
This article quotes Washington, DC, Community Development Finance partner Jeff Lesk discussing the social impact of NP Community Solar, which was the first project to join Washington’s community solar program and has expanded to several commercial rooftops throughout the district.
Real Estate Weekly | February 19, 2020
This article mentions Nixon Peabody in connection with New Partners Community Solar’s collaboration with Brookfield Properties to install solar panels on downtown rooftops in Washington, DC, and convert the energy generated into utility bill credits for low-income families.
Better Buildings ( U.S. Department of Energy) | August 06, 2019
The blog post from the U.S. Department of Energy chronicles a recent solar-focused learning session, hosted by New Partners Community Solar at Nixon Peabody’s Washington DC office.
NBC 4 Washington | July 25, 2019
This broadcast news clip highlights New Partners Community Solar, the Nixon Peabody-adjacent nonprofit creating innovative sustainability projects throughout Washington, DC. New Partners helped to develop a ‘resilience center’ in a DC-area affordable housing complex, which will keep residents connected to key services and emergency resources in the event of a power grid disruption.
National Housing and Rehabilitation Association | July 20, 2019
This story mentions New Partners Community Solar, the nonprofit founded in 2017 by senior counsel Herb Stevens and Community Development Finance partner Jeff Lesk, both of Washington, DC. New Partners played a crucial role in the development of the city’s first affordable housing resiliency center—a suite of rooms available to all residents that provides an emergency power supply for residents to use during disasters or outages.
Law360 | July 17, 2019
This article features analysis from Albany Affordable Housing and Real Estate counsel Peter Trimarchi on ambitious new climate-change legislation in New York State that will force the natural gas industry to revisit its business plans.
Greater Greater Washington | June 27, 2019
This article highlights the work of New Partners Community Solar to establish a resiliency center in a low-income housing development in Washington’s Columbia Heights neighborhood. The center is designed to power essential services, such as lighting and communications, for up to three days after a disruption to the public power grid.
Law360 | June 05, 2019
Affordable Housing and Real Estate partner Bruce Baker and Senior Environmental Health Engineer Libby Ford, both of the Rochester office, co-wrote this contributed article on how state legislatures are addressing the future of decommissioned, coal-fired power plants.
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