2023 International Offshore Wind Partnering Forum (IPF)
Business Network for Offshore Wind
Baltimore, MD 21201
Business attorney Joshua Belcher and tax attorneys Amish Shah and Nicole Elliott will each join a panel at the 2023 IPF hosted by the Business Network for Offshore Wind. This conference is designed to connect global leaders and businesses in the supply chain and deliver relevant updates on the industry, from technology and policy, to safety and siting.
Investing in the Industry: Bidding Credits for Offshore Wind Lease Area Auctions
Joshua Belcher | March 29, 2:30 - 3:30 p.m.
This panel discusses the Bureau of Ocean Energy Management's (BOEM) new system of bidding credits, implemented after the February 2022 New York Bight lease auction. This rule allows bidders to keep a percentage of their cash bid in exchange for a commitment to investing the money in supply chain and workforce development. Panelists will highlight eligible uses of the bidding credit money and the growth potential this has for supply chain development in the U.S.
Inflation Reduction Act: A Review of Prevailing Wage and Apprenticeship Requirements
Amish Shah | March 29, 4:00 - 5:00 p.m.
The Inflation Reduction Act (IRA) includes significant 5x bonus credits across many of its provisions. Eligibility for these bonus credits is contingent upon meeting prevailing wage and apprenticeship requirements. While these requirements are outlined in the text of the legislation, the Internal Revenue Service (IRS) is tasked with determining how projects can meet the eligibility requirements. Panelists will share the latest updates and guidance related to wage and apprenticeship requirements and how to take advantage of these important bonus credits.
Inflation Reduction Act: How IRA Tax Credits and Loans Will Boost Domestic Manufacturing
Nicole Elliott | March 30, 9:00 - 10:00 a.m.
The IRA is complex, and many manufacturers are faced with the question of how to best take advantage of IRA tax credits and loan provisions to build new or expand existing operations. Panelists will walk attendees through the IRA's tax provisions, federal loans and specific sourcing provisions so your business can take advantage of the many provisions the IRA has to offer.