Vinson & Elkins’ Post

More exciting guidance from the IRS about the IRA, this time on the Domestic Content Bonus credit! Glad to have new guidance that makes it easier for projects to qualify for these bonus credits.

Enclosed is Document No. 8356/TTr-BCT of the Ministry of Industry and Trade (#MOIT) requesting the issuance of the plan for the implementation of the National Power Development Plan for the period 2021-2030, with a vision towards the year 2050 (#PDP8) The plan for implementing the Power Development Master Plan VIII is calculated until 2030, encompassing a portfolio of electricity source projects and transmission grids at voltage levels of 220 kV and above. It covers industrial and service projects related to renewable energy and new energy within the territory of Vietnam for the period 2021-2030, including interconnected power grids with neighboring countries Structure of the Project for Implementing the Power Development Master Plan VIII, the Project for Implementing the Eighth Power Development Master Plan consists of 9 chapters, detailing key content such as (1) Detailed forecast of the results of electricity demand load; (2) Investment plan for power sources and grids; (3) Land use requirements for power development investment; and (4) Solutions and resources for implementation. And the goal of the Project for Implementing the Power Development Plan VIII is to comply with the provisions of Article 45 of the Planning Law and Article 2, Point 1b of Decision No. 500/QĐ-TTg dated May 15, 2023, by the Prime Minister approving the Power Development Plan VIII. The Project for Implementing the Power Development Plan VIII carries out the following main tasks: (1)Calculate and review the progress of important power source projects, prioritizing investments in the electricity sector according to the Eighth Power Development Master Plan; (2)Calculate the scale of renewable energy development (onshore and offshore wind power, rooftop solar power, small hydropower, biomass power, and waste-to-energy) categorized by province; offshore wind power categorized by region until 2030; (3)Calculate and review the progress of significant transmission grid projects, prioritizing investments that the electricity sector needs to put into operation by the milestones of 2025 and 2030. Classify transmission grid projects invested by the State and projects for socialization consideration; (4)Calculate land use requirements corresponding to the investment plan for sources and grids until 2030; (4)Classify public investment projects and non-public investment projects; public investment capital needs and other capital needs outside public investment; determine resources and their utilization to implement the plan. ---------- VSE LAWYERS #VSE #VSE_LAWYERS #PDP8

The U.S. Department of Energy (DOE) is awarding $90 million to a company that has promised to build what would be the largest solar project in the state (402 megawatts) on a former coal mine in central Pennsylvania. The award goes to Delaware-based Mineral Basin Solar LLC, a subsidiary of the Boston-based clean energy developer Swift Current Energy. The energy produced would be enough to power 70,000 homes. The grant is part of the $475 million the department is awarding to projects around the country to promote clean energy on former minelands. Other projects include a pumped hydroelectric storage dam in Kentucky and a solar farm in West Virginia. Funding comes from the Bipartisan Infrastructure Law, signed by President Biden in 2021. Learn more here. #solar #renewables #energy #solarenergy #renewableenergy #cleanenergy #solarpower #GETSolar https://lnkd.in/eBmEPQ4e

It's been a busy couple of weeks between the National Hydropower Association's Waterpower Week and CEATI's Hydropower Conference. As a result, I'm a bit delayed in sharing one of my office's largest communications products, our annual accomplishments report! Each year, the U.S. Department of Energy (DOE)'s Water Power Technologies Office publishes this report to give interested stakeholders an idea of the progress made across our hydropower and marine energy R&D programs. This report highlights 40+ successes from fiscal year 2023, including projects led by partners in industry, academia, and the national labs. This is by no means a comprehensive list but is meant to give readers a representative sample of the important R&D happening in water power, such as advancing environmentally friendly technologies, providing novel or enhanced open data, supporting in-lab and in-water technology tests, and much more.

This article discusses: The US Department of Energy (DOE) is providing $71.5 million in incentive payments to dozens of hydroelectric projects across 19 states with the aim of improving generation efficiency. This initiative forms part of the government's continued push for cleaner energy and increased efficiency in power generation. The move signals a significant investment in the potential of hydropower, which is a viable solution amidst increasing global demand for renewable energy resources. #RenewableEnergy #Hydropower #USDOE Considering the allocation of these funds, how might this initiative alter the future landscape of renewable energy sources, specifically in terms of hydropower's role? https://lnkd.in/gBFa8wRF https://lnkd.in/g4_H6TD5 ---------------------------------- Go Rogue and focus on the WHY on Energy Markets…. Rogue Edge® Members already know…. Sign up here: https://lnkd.in/gvPx5WDr About Energy Rogue: https://energyrogue.com/ Energy Rogue® provides a state of the art fundamental and technical analytics platform for the energy industry focused on Oil, Natural Gas, Power and Natural Gas Liquids. Risk ---------------------------------- If you want to learn more: 1. drop us a line at rogue@energyrogue.com 2. join Rogue Edge TODAY: https://lnkd.in/gvPx5WDr Disclaimer - The summary and image provided here are generated using artificial intelligence (AI) based on the content of the original article.

Decarbonizing our power systems requires grid-scale energy storage options that minimize additional carbon emissions. Results of this National Renewable Energy Laboratory study suggests that closed loop pumped storage hydropower has the lowest life cycle greenhouse gas emissions compared to other energy storage options. #energytransition #storage #pumpedstorage #pumphydro #carbonemissions #ghgemissions #closedlooppumpedhydro #nrel

Check out our article on Hatch bringing a century of global hydropower expertise to the energy transition from our May issue. Hatch is a global engineering, project management and construction, and professional services firm with 100 years of experience in hydropower to its name. In this interview, we speak with Allison Lunde, the Midwest regional manager for hydropower and dams, about how the company is facing future challenges and opportunities related to the growing worldwide demand for electricity and the need to integrate hydro operations with other renewable energy sources. We also hear about several exciting recent projects. https://bit.ly/4aLjr7j #Hydropower #EnergyTransition #HatchEngineering #GlobalExpertise #RenewableEnergy #SustainableEnergy #ElectricityDemand #EnergyIntegration #HydroProjects #AllisonLunde #MidwestHydropower #CleanEnergy #GreenPower #FutureOfEnergy #DamsAndHydropower #EngineeringExcellence #ProjectManagement

Uniper Secures Milestone Agreement with Deutsche Bahn to Supply 88 GWh of Green Hydropower Annually 🟢🔋🤲 We at Uniper are helping our customers decarbonize by supplying them with green energy. Therefore, it is a pleasure for us to announce that lately we have concluded a long-term contract with Deutsche Bahn for the supply of clean hydropower. Our history of collaboration with Deutsche Bahn dates back many years. One prominent example is the “Walchenseevertrag”, under which the Deutsche Bahn has been obtaining secure and sustainable hydropower from Uniper for over a hundred years already. In March 2024, we concluded a Power Purchase Agreement, further expanding our partnership portfolio with Deutsche Bahn across borders. More precisely, starting 2028 we will supply our partner with about 88 GWh of green power annually from four Swedish run-of-river hydropower plants over a period of five years. Our CCO, Carsten Poppinga, says, “Demand for green power is rising. As a result of the energy transition, we are not only decarbonizing our own power generation, but are also making more green power available to our customers today, so that they can meet their own climate targets. Renewable energy – such as the Group’s own hydropower – is one of the most important components of the energy transition. We are delighted that our PPA is helping to accelerate the decarbonization of Deutsche Bahn, because it is only by working together that we can effectively achieve the energy transition.” Read full press release here: https://lnkd.in/e_EFJqfB #TheBeatingHeartOfEnergy #Sustainability #RenewableEnergy #Hydropower #EnergyTransition #Decarbonization

Hear, hear, Lloyd James. Great to have attended this event, some very interesting talks. My key takeaways were: 1. Labour's attitude to energy so far seemed to be generally welcomed. 2. But industry wants further detail on the design of the cap and floor regime for long duration energy storage (LDES) as soon as possible. 3. Pumped storage projects are big, complex, expensive (with large upfront capital commitment required) and risky (with geological risk featuring among them). 4. Other challenges include competition for resources / contractors / suppliers (not only as between pumped storage projects but also with other large, complex projects - e.g. nuclear). 5. Despite this, industry is optimistic that if things are approached the right way (including contractually) the risks can be mitigated, challenges surmounted and new projects successfully delivered in the UK.

Enclosed is Announcement No.536/TB-VPCP regarding conclusion of Deputy Prime Minister Tran Hong Ha about the draft plan for implementing the National Power Development Plan for the period 2021-2030, with a vision to 2050. Below are the main contents: (1) In particular, emphasize the coordination efforts between the Ministry of Industry and Trade (#MOIT) and localities nationwide in concretizing the list of renewable energy projects (including onshore wind power, solar power, biomass power, waste-to-energy, small hydropower, etc.). These initiatives will be implemented during the planning period, with special attention to the phase leading up to 2025. (2) Completing the implementation plan for Power Development Plan VIII is an urgent requirement for early approval and synchronized deployment, especially for key and prioritized projects. This is essential to ensure a robust and secure national electricity supply and energy security. Effective coordination is needed with the highest sense of responsibility #MOIT, localities nationwide, and the consulting unit responsible for implementing this initiative (Energy Institute). VSE LAWYERS