2018 Bipartisan Budget Act Extends Tax Credits

Unlike recent longterm extensions for solar and wind, there's no explicit deadline for such biomass projects to be completed. [...]as with solar and wind, developers can "look back" to 2017 or before to show that construction "began" within the appropriate window and then was reasonably pursued. [...]the Act retroactively extended through 2017 the volume-unlimited 60^/gallon credit for production of secondgeneration or advanced cellulosic biofuels (including those derived from AD-analogous landfill gas); the volume-unlimited $1/gallon credit for production of biodiesel or renewable diesel; and add-on "small producer" credits of 10^/gallon for the first 15 million gallons produced by facilities with less than 60 million gallons capacity. [...]whatever their limitations, confluence of the Bipartisan Act's extenders with rising national RINs markets under the federal Renewable Fuels Standard, cross-border availability of California's Low Carbon Fuel Standards (LCFS) credits, and the potential emergence of similar LCFS credits in some Northeast states, could create new opportunities for carefully structured projects.