President Joe Biden signed the Inflation Reduction Act of 2022 (IRA) into law on August 16, 2022. The legislation set aside $369 billion over ten years to support renewable energy investment and production. It includes, among other things, a comprehensive list of tax breaks for...
Virginia Commission Approves Keydet Solar Facilities, Allows for Amendments to Solar CPCNs On May 30, 2023, the Virginia State Corporation Commission issued a final order granting Keydet Solar Company, LLC’s (“Keydet”) application for certificates of public convenience and necessity (“CPCNs”) for a 145 MW solar facility...
“We are thrilled to have Andy and Eric become equity members of our growing firm,” said GreeneHurlocker co-founding member Brian Greene. “Day in and day out, they demonstrate excellence in their practices, commitment to their clients and a dedication to the firm.”...
On February 7, 2023, well-known venture capitalist Mike Solana tweeted his point of view about the impact of artificial intelligence on the legal industry: “There will probably be a 12 to 24 month sweet spot for lawyers smart enough to use AI...
In the excitement of the “idea” phase of a startup’s life, it is easy for its founders to forget that the company’s only real asset at that time is its intellectual property (“IP”). If the founders are able to decide on an appropriate split of...
The excitement of a startup often clouds founders thinking. They are amped up to go into business with friends, or at least with people they think they can be successful with in the future. If the founders are able to decide on an appropriate split of...
The Virginia Energy Innovation Act (“VEIA”) became law on July 1, 2022. The purpose of the VEIA was to encourage natural gas utilities to invest in biogas facilities. Roanoke Gas Company wasted no time in seeking approval of a biogas facility. On August 3, 2022,...
Solar Magazine, one of the solar power industry’s leading publications, recently published an article written by Greene Hurlocker partner Jared Burden titled "What’s Driving Solar Industry Investment and Where Are Dollars Flowing To?” Jared’s article addresses the reasons for growth in the solar power industry, where...
Imagine: it’s Super Bowl Sunday. You’re about to call the new local pizza place and have them deliver several pies to your house to get you and your guests through the big game. You find the pizza place’s number online, call them to place your...
GreeneHurlocker partner Eric Hurlocker recently wrote a commentary piece published by the Virginia Mercury addressing the implications of the Inflation Reduction Act's "direct pay" provision on tax-exempt entities. Historically, federal tax incentives for investments in renewable energy projects were geared to individuals and entities with taxable...