Carl J. Fleming
Subscribe to Carl J. Fleming's PostsCarl J. Fleming is a transactional lawyer whose principle areas of practice are renewable energy and private equity. He leads transactions throughout the US and worldwide for a number of the renewable industry’s leading developers, global private equity funds and Fortune 500 companies. He provides legal, commercial and strategic advice on the development, purchase and sale and financing of renewable energy projects in wind, solar, energy storage, electric vehicles and other low carbon solutions. A partner in our Washington, DC office, he also advises on a number of energy and climate change policy issues. Read Carl Fleming's full bio.
Biden Administration Continues to Shift National Infrastructure and Transportation Networks to Pave the Way for Electric Vehicles
By Carl J. Fleming and Elle Hayes 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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Five Takeaways: Early Moves and Current Trends in Energy Storage
By Edward Zaelke and Carl J. Fleming on May 29, 2020
Posted In Articles, Power Markets, Renewables
McDermott continues its dialogue with renewable industry leaders to provide the latest market updates on the disruption, challenges and opportunities COVID-19 presents to the industry. This week, we focused on the energy storage market and hosted Chris McKissack, CEO at GlidePath Power Solutions. Glidepath was an early mover in energy storage. GlidePath is now one of...
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Five Takeaways: Navigating President Trump’s Executive Order on US Bulk Power System Electric Equipment
By Neil Levy, Joel A. Hugenberger, Heather Cooper, Carl J. Fleming and Seth B. Doughty on May 22, 2020
Posted In Power Markets, Project Development and Finance, Renewables, Tax
President Trump’s May 1, 2020 Executive Order prohibiting certain transactions involving bulk-power system electric equipment developed, manufactured or supplied by a foreign adversary could have far-reaching implications for both the renewable and conventional power industries. It has also raised a high level of uncertainty and risk while the industry awaits the actual implementation of the...
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Six Takeaways: Shifting Market Dynamics in Corporate PPAs
By Edward Zaelke, Carl J. Fleming and Seth B. Doughty on May 8, 2020
Posted In Power Markets, Project Development and Finance, Renewables
On Thursday, May 7, McDermott Partners Ed Zaelke and Carl Fleming were joined by Christen Blum, head of the Renewable & Analytics Advisory practices at Edison Energy, to hear her thoughts on the current effects of COVID-19 on the corporate power purchase agreement (PPA) market. Below are six takeaways from this week’s webinar: 1. Despite COVID-19,...
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President Trump’s Executive Order on US Bulk Power System Electric Equipment: Questions and Analysis
By Carl J. Fleming, Christopher Gladbach, David J. Levine, David G. Tewksbury, Edward Zaelke, Joel A. Hugenberger, Neil Levy and Raymond Paretzky on May 4, 2020
Posted In Power Markets, Renewables
President Trump’s May 1, 2020, Executive Order prohibiting certain transactions involving bulk-power system electric equipment developed, manufactured or supplied by a foreign adversary could have far-reaching implications for both the renewable and conventional power industries. The breadth of the Executive Order raises key questions and concerns for sponsors and developers of energy projects, construction contractors...
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COVID-19 and Wind Projects: A Legal and Commercial Checklist for Tax Equity, Debt Financing and Project Documentation
By Carl J. Fleming, Edward Zaelke and Seth B. Doughty on Mar 30, 2020
Posted In Power Markets, Renewables, Tax
The Coronavirus (COVID-19) pandemic has severely disrupted the wind market’s supply chain and labor resources, resulting in significant project delay risk. This legal and commercial checklist is a comprehensive practitioner’s guide to help sponsors and borrowers review their tax equity, financing, offtake and material project documents to ensure compliance with obligations, prevent unnecessary default triggers,...
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