Government
Jan. 15, 2014
Expiration of tax credit could knock wind out of state's renewable energy projects
The loss of the credit, some experts say, could lead to a "black hole" in wind energy projects in the next several years.
Daily Journal Staff Writer
Sensing that a valuable government subsidy would soon end, a California energy company struck a deal Dec. 31 in a scramble to secure a wind power tax credit with an uncertain future.
The company, represented by Jerry R. Bloom, chair of Winston & Strawn LLP's energy practice, had to get started on a renewable energy project in 2013 to qualify for a production tax credit - one of 55 ta...
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