Carl J. Fleming
Subscribe to Carl J. Fleming's PostsCarl J. Fleming focuses his practice on mergers and acquisitions, project development and project finance, predominately in the renewable energy industry. He leads energy, infrastructure and PPP transactions throughout the US and in more than 40 countries worldwide. Carl represents private equity investors, Fortune 500 companies, foreign governments, and a broad range of leading renewable energy developers and sponsors. Read Carl Fleming's full bio.
Seeing a $100 Billion Market Opportunity, North Carolina Governor Commits to Developing 2.8 Gigawatts and Eight Gigawatts of Offshore Wind by 2030 and 2040, Respectively, through Executive Order
By Carl J. Fleming, Elle Hayes and Dominique Torsiello on Jun 17, 2021
Posted In Environmental, Project Development and Finance, Renewables
Last week, North Carolina Governor Roy Cooper issued Executive Order No. 218 titled, “Advancing North Carolina’s Economic and Clean Energy Future with Offshore Wind,” announcing a goal of developing 2.8 gigawatts of offshore wind energy resources by 2030 and eight gigawatts by 2040. This executive order comes after the North Carolina Department of Commerce issued...
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Nine Governors Issue Letter to President Biden Urging Continued Prioritization of Offshore Wind Development
By Carl J. Fleming, Elle Hayes and Dominique Torsiello on Jun 16, 2021
Posted In Environmental, Project Development and Finance, Renewables, U.S. Congress
On June 4, 2021, days before the Biden Administration announced its intent to consider further expansion of offshore wind development in the Gulf of Mexico, nine governors issued a joint letter to US President Joe Biden’s administration to commend its commitment to offshore wind development and provide recommendations to build upon the momentum to prioritize...
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DOI Announces Competitive Lease Sale for Offshore Wind Development off the Coasts of New York and New Jersey
By Carl J. Fleming, Elle Hayes and Dominique Torsiello on Jun 16, 2021
Posted In Environmental, Project Development and Finance, Renewables, U.S. Congress
The US Department of the Interior (DOI) announced plans to expand offshore wind development off the coasts of New York and New Jersey by proposing a lease sale it strives to complete by the end of this year. More specifically, the Biden Administration proposed a competitive sale of eight lease sites for over 627,000 acres...
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Biden Administration Aims to Fix “Structural Weaknesses” in Key Supply Chains and Rolls Out National Blueprint for Lithium Ion Batteries
By Carl J. Fleming and Elle Hayes on Jun 10, 2021
Posted In Environmental, Project Development and Finance, Renewables, U.S. Congress
The White House released a report on June 8, 2021, detailing the findings and recommendations of a crucial supply chains review ordered by US President Joe Biden in February. The order directed the examination of semiconductors, electric vehicle (EV) batteries, critical minerals and pharmaceuticals, four products that are critical to American national security, economic security...
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Biden Administration Explores Offshore Wind Development in the Gulf of Mexico
By Carl J. Fleming, Christopher Gladbach, Elle Hayes and Dominique Torsiello on Jun 9, 2021
Posted In Project Development and Finance, Renewables, U.S. Congress
Earlier this week, the Biden Administration announced its intent to consider further expansion of offshore wind development in the Gulf of Mexico. This announcement comes two weeks after the Biden Administration announced an agreement to lease almost 400 miles off California’s northern and central coasts for wind development. Potential offshore wind leasing in the Gulf...
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Biden Administration Advances California Offshore Wind Development
By Carl J. Fleming, Christopher Gladbach and Elle Hayes on May 26, 2021
Posted In Featured, Project Development and Finance, Renewables, U.S. Congress
On May 25, 2021, the Biden Administration announced an agreement to lease almost 400 miles off California’s northern and central coasts for offshore wind development. The announcement expands on the recent approval of the first major offshore wind project in US waters. In an effort to decarbonize US power generation, the administration noted, “These initial...
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Why 2030 is the New 2050 after the Leaders Climate Summit and What President Biden’s Accelerated Transition to a Sustainable Economy Means for Renewables Developers, Investors and Corporates
By Carl J. Fleming, Edward Zaelke, Heather Cooper, Philip Tingle, Elle Hayes and Seth B. Doughty on Apr 28, 2021
Posted In Project Development and Finance, Renewables, Tax, U.S. Congress
2030 is the new 2050 as US President Joe Biden has officially set a new goal for fighting climate change over the next decade in the United States. At the Leaders Climate Summit (the Summit) on Earth Day, he announced that America would aim to cut its greenhouse gas emissions at least 50% below its...
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Senate Democrats Propose Overhaul of Clean Energy Incentives
By Martha Groves Pugh, Philip Tingle, Heather Cooper, Carl J. Fleming, Elle Hayes and Brian Moore on Apr 23, 2021
Posted In Project Development and Finance, Renewables, Tax, U.S. Congress
US Senate Finance Committee Chairman Ron Wyden (D-OR) introduced the Clean Energy for America Act (the Act), along with two dozen Democratic co-sponsors, on April 21, 2021. The Act will likely be a starting point for the Biden administration tax proposals intended to limit carbon emissions. The Act would change the current system for incentives...
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Key Takeaways: SPACs and How to Plug into the Opportunities They Present in Renewable Energy and Green Infrastructure
By Tom Conaghan and Carl J. Fleming on Apr 15, 2021
Posted In Environmental, Project Development and Finance, Renewables
On April 14, McDermott Will & Emery partners Tom Conaghan and Carl Fleming and Nicole Neeman Brady, CEO and director of the renewable energy SPAC, Sustainable Development Acquisition I Corp, discussed the rise of special purpose acquisition companies (SPACs), the opportunities they present in renewable energy and in the transition to green infrastructure and the...
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US Senate Committee Introduces Clean Vehicle Charging Legislation
By Heather Cooper, Carl J. Fleming, Elle Hayes and Brian Ingram on Mar 29, 2021
Posted In Environmental, Power Markets, Project Development and Finance, Renewables, Tax, U.S. Congress
Earlier this week, a group of cross-party US senators introduced the Securing America’s Clean Fuels Infrastructure Act (the Act) to promote investments in clean vehicle infrastructure. The types of infrastructure supported by the legislation include electric vehicle charging stations and hydrogen refueling stations for fuel cell vehicles. The Act would enlarge the benefits of the...
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