Carl J. Fleming Carl J. Fleming

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Carl 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.

President Biden Raises the Bar on Electrification of the Auto Industry through Executive Order


By , and on Aug 6, 2021
Posted In Project Development and Finance, Renewables, U.S. Congress

On August 5, 2021, US President Joe Biden announced and signed an executive order that sets a new target to make half of all new vehicles sold in 2030 zero-emissions vehicles, including battery electric, plug-in hybrid electric and fuel cell electric vehicles. This executive order is consistent with President Biden’s goal of building more than...

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Biden Administration Issues National Security Memorandum Shortly after the House Passes Three Bills Aimed at Cybersecurity in the Energy Industry


By , , and on Jul 30, 2021
Posted In Project Development and Finance, Renewables, U.S. Congress

The federal government is seeking to increase cybersecurity in critical infrastructure industries through the implementation of a voluntary Industrial Control Systems Cybersecurity Initiative (Initiative), while the US House of Representatives (House) concurrently focuses on the same goal by passing three bills aimed at enhancing cybersecurity. While it’s currently voluntary, it’s likely the Initiative—along with its...

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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 , and 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 , and 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 , and 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 and 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 , , and 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 , and 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 , , , , and 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 , , , , and 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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