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.
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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The Energy Market in 2021: From Crisis to Opportunity | Reenergizing after the Storm
By Edward Zaelke and Carl J. Fleming on Mar 22, 2021
Posted In Enforcement Defense, Environmental, Power Markets, Project Development and Finance, Renewables
The energy market has undergone significant change in the past 12 months, with even more on the horizon. Our webinar series explores how these changes have shaped—and will continue to impact—the energy industry, including discussions of what’s to come. Our latest webinar featured FTI Consulting’s Chris LeWand, Global Power & Renewables Leader and RJ Arsenault,...
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Michael Regan Confirmed to Lead EPA to Bolster the Biden Administration’s Agenda on Climate Change
By Carl J. Fleming and Elle Hayes on Mar 12, 2021
Posted In Environmental, Renewables, U.S. Congress
Earlier this week, Michael Regan was confirmed as the head of the Environmental Protection Agency (EPA), winning US Senate approval by a 66–34 vote. Regan’s confirmation will serve as an asset to the Biden administration’s agenda on climate change. In his remarks, Regan noted that he plans to “move with a sense of urgency on...
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Biden Administration Takes Aim at Advancing Gender Equity and Equality – Complementing Several Renewable Energy Private Sector Initiatives
By Carl J. Fleming, Elle Hayes and Usama Ibrahim on Mar 11, 2021
Posted In Project Development and Finance, Renewables, U.S. Congress
On International Women’s Day, US President Joe Biden signed an Executive Order establishing the White House Gender Policy Council. The council, which was formerly called the White House Council on Women and Girls under the Obama administration, seeks to advance the equality of opportunity while simultaneously combating systematic biases and discrimination against women. The council...
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Biden Administration Continues to Shift National Infrastructure and Transportation Networks to Pave the Way for Electric Vehicles
By Carl J. Fleming, Elle Hayes and Usama Ibrahim on Mar 4, 2021
Posted In Project Development and Finance, Renewables, U.S. Congress
On Tuesday, US National Climate Advisor Gina McCarthy publicly underscored President Joe Biden’s commitment to supporting the electric vehicle (EV) industry and other industries aimed at tackling the climate crisis. She noted the administration’s goal is to build more than 500,000 EV chargers. The electric vehicle charging station market size is projected to surpass around...
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Granholm Confirmed as Energy Secretary
By Carl J. Fleming, David Ransom and Elle Hayes on Feb 25, 2021
Posted In Project Development and Finance, Renewables, U.S. Congress
Today, Jennifer Granholm was confirmed as secretary of energy, winning US Senate approval by a 64–35 vote. Granholm’s confirmation serves as another boost to President Joe Biden’s plan to tackle climate change and develop clean energy across the United States. Granholm, who is an advocate for electric vehicles and other low-carbon technologies, will join Pete...
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The Carbon Tax Checklist
By Jacob Hollinger, Heather Cooper and Carl J. Fleming on Feb 12, 2021
Posted In Environmental, Natural Gas, Renewables, Tax, U.S. Congress
Many stakeholders have called for the United States to adopt a carbon tax. Such a tax could raise billions of dollars in annual revenue while simultaneously reducing greenhouse gas emissions. Several carbon tax proposals were introduced in the last Congress (2019-2020 term), and it is likely that several more will be introduced in the new...
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Buttigieg Confirmation Signals Increased Investment in Renewable Energy Infrastructure and Electric Vehicles
By Carl J. Fleming and Elle Hayes on Feb 3, 2021
Posted In Project Development and Finance, Renewables, U.S. Congress
Today, Pete Buttigieg was sworn in as secretary of transportation after his nomination passed the US Senate 86-13. His confirmation means a likely boon for investment in US infrastructure, particularly for those investing in renewable energy infrastructure, electric vehicle infrastructure and electric vehicles. In an email distributed to his staff today, he advised them that...
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Five Takeaways: Utility Acquisition of Renewable Projects – A Discussion of the Legal and Tax Issues Regarding Utilities, Developers and Tax Equity
By Heather Cooper, Carl J. Fleming, Christopher Gladbach, Debra A. Harrison, Joel A. Hugenberger, Philip Tingle and Edward Zaelke on Dec 4, 2020
Posted In Power Markets, Project Development and Finance, Renewables, Tax
Increasingly, utilities are replacing older generation fleets with more cost-effective generation technologies. Renewables are cost-competitive alternatives in this effort for a number of reasons, including the current tax incentives. A utility’s acquisition of a renewable asset presents many issues not otherwise present in a non-utility acquisition, particularly if the utility intends to include its investment...
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