Pitfalls Still Lurk For Project Developers Seeking Grants

Law360, New York (January 18, 2012, 6:04 PM EST) -- The rush to launch renewable energy projects in time to meet a Dec. 31 deadline for a federal government cash grant program is over, but applicants seeking the funds aren’t out of the woods yet, attorneys say.

Projects started by the deadline could still be disqualified from receiving the grant — which is not paid until the project is completed — if developers fail to comply with Treasury Department regulations regarding project ownership and costs. That leaves a lot of room for potential problems to creep...
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