Philip Tingle

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Philip (Phil) Tingle represents energy companies such as utilities, independent power producers and financial institutions on a wide range of energy tax-related matters. He is the global head of the Firm's Energy Advisory Practice Group. Phil provides advice regarding all aspects of renewable-energy projects, including tax equity structures, refinancings, acquisitions and dispositions, restructurings and workouts. He has extensive experience with the production tax credit and with the application of renewable credits to new technologies. Moreover, he works with the investment tax credit for numerous kinds of solar projects. Read Philip Tingle's full bio.

Key Takeaways | Guidance on the Wage and Apprenticeship Provisions


By and on Dec 5, 2022
Posted In Project Development and Finance, Renewables, Tax, U.S. Congress

The Navigating the New Energy Landscape webinar series came back last week for a special bonus session that focused on the just-released Internal Revenue Service (IRS) guidance on the wage and apprenticeship provisions included in the Inflation Reduction Act of 2022 (IRA). During this webinar, McDermott Partners Heather Cooper and Philip Tingle walk through the...

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Key Takeaways | Carbon Capture Gets a Long Runway for Development


By and on Nov 18, 2022
Posted In Project Development and Finance, Renewables, Tax, U.S. Congress

Featured prominently in the Inflation Reduction Act of 2022 (IRA), carbon capture, utilization and storage (CCUS) is one segment of the energy industry that could most benefit from incentivized development. On November 17, McDermott Partners Parker Lee and Philip Tingle were joined by Laura Gieseke, senior counsel at Western Midstream, and Spencer English, director at...

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Key Takeaways | How the Inflation Reduction Act Impacts the Oil and Gas Industry + The Role of Natural Gas Moving Forward


By and on Nov 4, 2022
Posted In Natural Gas, Project Development and Finance, Renewables, Tax

The landmark Inflation Reduction Act of 2022 (IRA) was a long-anticipated legislative package for the industry because it promotes investment in alternative forms of energy. During this webinar, Partners Denmon Sigler and Philip Tingle hosted David Herr, managing director of corporate finance at Kroll, and Chris Culver, director of natural gas supply and strategy at Valero, for an engaging discussion on...

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Key Takeaways | Domestic Supply Chain, Manufacturing and the DPA: How America Will Step Back into Its Global Leadership Role


By and on Oct 28, 2022
Posted In Project Development and Finance, Renewables, Tax

The Inflation Reduction Act of 2022 (IRA) is intended to stimulate domestic production in the US energy market and incentivize investment into those projects that utilize such domestic content. On October 26, Partners Carl Fleming and Philip Tingle talked about what the passing of the IRA means for the supply chain (and all its issues...

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Key Takeaways | Tax Credit Bonuses for Low-Income and Coal, Oil and Gas Energy Communities


By and on Sep 16, 2022
Posted In Natural Gas, Project Development and Finance, Renewables, Tax

On September 13, McDermott Partners Heather Cooper and Philip Tingle provided a detailed overview of the bonus tax credits under the Inflation Reduction Act of 2022 for projects satisfying low-income thresholds or built-in energy communities with ties to coal, oil and natural gas, including the technical requirements for each bonus and how these new rules...

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Key Takeaways | A Deep Dive into Wage and Apprentice, Domestic Content, Transfer and Direct Pay


By and on Sep 2, 2022
Posted In Renewables, Tax, U.S. Congress

On August 31, McDermott Partners Heather Cooper and Philip Tingle provided a detailed review of the wage and apprentice, domestic content, transferability and direct provisions of the Inflation Reduction Act of 2022. They discussed the technical requirements for each of the new sections and offered insight into how these new rules will impact the deal...

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Key Takeaways | Renewables Tax Takeaways from the Manchin-Schumer Deal on Taxes, Climate and Energy


By and on Aug 2, 2022
Posted In Renewables, Tax, Uncategorized

On August 1, McDermott Partners Philip Tingle and Heather Cooper hosted a webinar to address the climate bill, dubbed the Inflation Reduction Act of 2022, which unexpectedly came back on the table on July 27. Click here for a summary of the bill. Below are key takeaways from the presentation: Last week’s surprise Congressional bill incorporates many of the same...

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Key Takeaways | Legislative Update on Renewable Energy Tax Incentives


By and on Nov 18, 2021
Posted In Project Development and Finance, Renewables, Tax, U.S. Congress

On November 17, McDermott Partners Philip Tingle and Heather Cooper were joined by Bill Parsons, COO of the American Council on Renewable Energy (ACORE), for a discussion on recent legislative activity regarding renewable energy tax incentives and how it will affect current tax credits as well as those in the center of the renewables space....

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Key Takeaways | Conventional Energy Companies Pivot to Renewables


By and on Oct 20, 2021
Posted In Project Development and Finance, Renewables

How will traditional energy companies compete as the world transitions to renewable energy? In the latest webinar in our Energy Transition series, McDermott Will & Emery Partner Jack Langlois hosted Philip Tingle, global co-head of McDermott’s Energy and Project Finance Practice Group, and Michael Hanson, managing director of energy transition at Truist Securities, to answer...

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IRS Provides Relief on Begin Construction Continuity Requirements


By and on Jun 30, 2021
Posted In FERC, Project Development and Finance, Renewables, Tax

Yesterday, the Internal Revenue Service (IRS) issued Notice 2021-41 (the Notice), providing relief for continuity requirements for the investment tax credit (ITC) under Section 48 and the production tax credit (PTC) under Section 45. The applicable tax rate for the ITC and PTC is based on the year a project “begins construction.” Under existing IRS...

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