White & Case Tax partner Jeffrey Davis spoke to The New York Times about the outlook for clean energy manufacturing and the anticipated impact on renewable energy manufacturing investments if tax incentives are reduced.
"If it ends up that the timeline for these credits is shortened, then the incentives to develop an onshore manufacturing facility obviously go down," Davis said. "If you're looking at the prospect of sales and revenue over a three-year period instead of an eight-year period, the manufacturing facility may not pencil out."
The piece notes that there has been a "flood of investment" in American manufacturing in recent years, driven in part by these subsidies for the production of equipment used for renewable energy deployment.
In a previous episode of White & Case's "The First 100 Days" podcast, Davis and Tax partner Michael Sykes spoke with Executive Committee member, partner and podcast host Eric Leicht at length about the fate of tax incentives for the energy transition.
See the full article from The New York Times here.
See the "The First 100 Days" podcast episode here.
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