Speaking Energy

On June 28, 2024, in Loper Bright Enterprises v. Raimondo, the U.S. Supreme Court overruled Chevron U.S.A. Inc. v. Natural Resources Defense Council, Inc., which for 40 years required court deference to reasonable agency interpretations of federal statutes in certain circumstances, even when the reviewing court would read the statute differently. The Court ended “Chevron deference” and held that courts “must exercise their independent judgment in deciding whether an agency has acted within its statutory authority.” In doing so, the Court upended a longstanding principle of administrative law that is likely to make agency decisions more susceptible to challenge in the courts.

Join Akin projects & energy transition partner Ike Emehelu at Infocast’s Solar & Wind Finance & Investment Summit in Phoenix, AZ where he will moderate the “Lender Perspectives for 2024 and Beyond” panel.

We are pleased to share a recording of Akin and Houlihan Lokey’s “Tax Credit Transferability: Market Trends and Technical Discussion” webinar.

In February 2023, the U.S. Department of Energy (DOE) released its West Coast Offshore Wind Transmission Literature Review and Gaps Analysis (“Transmission Review”) aimed at identifying areas where additional transmission studies will be required to support the development of offshore wind projects off the coasts of California, Oregon and Washington.¹ DOE followed up the release of its Transmission Review with an announcement that it would be conducting a new 20-month West Coast Wind Transmission Study (“Transmission Study”), which will provide a roadmap for developing the transmission infrastructure necessary to eliminate the transmission constraints currently limiting offshore wind development along the west coast.² Given the Biden administration, California and Oregon’s aggressive offshore wind goals and the fact that existing onshore transmission is insufficient to accommodate these goals, the Transmission Review and Transmission Study are likely to play a key role in planning for the build-out of transmission necessary to deploy major west coast offshore wind projects.

We are pleased to share a recording of Akin Gump’s mid-year energy briefing that recently took place, along with the presentation materials.

(Houston) – Akin Gump is pleased to announce it has released its “2020 Energy Year in Review,” which examines the current state of the global energy market and highlights the energy matters with which the firm was involved last year across the following areas:

• Mergers, Acquisitions & Strategic Transactions
• Capital Markets
• Financing
• Project Development
• Financial Restructuring
• Energy Litigation.

Wind power project developers were buoyed in April by the news that Vietnam’s Ministry of Industry and Trade (MOIT) had submitted Official Letter no. 2491/BCT-DL (“MOIT Proposal”) to the government, proposing to extend Vietnam’s existing Wind FIT (discussed in more detail below) until December 31, 2023. In addition, the MOIT Proposal recommends that the MOIT be mandated to propose a new feed-in-tariff that would apply to projects achieving their commercial operation date (COD) after November 1, 2021, but prior to December 31, 2023. Furthermore, the MOIT is proposing that Vietnam moves to a competitive tender and auction scheme post-2023, something that is already under discussion for the solar sector as we highlighted in our recent article on solar in Vietnam. 

(Houston) – Akin Gump is pleased to announce it has released its “2019 Energy Year in Review,” which examines the current state of the global energy market and highlights the energy matters with which the firm was involved last year across the following areas: