US Unveils 45X Tax Credit: Revolutionizing Renewable Energy

21 Dec 2023 CW Team

In a landmark move, the United States government has released comprehensive guidance aimed at propelling the renewable energy sector forward. This significant development involves a substantial 45X tax credit, reshaping the financial landscape for green initiatives.

The guidance outlines a clear path for businesses and investors, navigating the intricate tax credit framework. This initiative is poised to drive unparalleled growth in renewable energy projects, fostering innovation and sustainability. Key aspects of the guidance include eligibility criteria, project timelines, and the calculation methodology for the 45X tax credit.

The government underscores the importance of transitioning to cleaner and more sustainable energy sources, aligning with global efforts to combat climate change. Investors interested in capitalizing on this opportunity should focus on sectors like solar, wind, and other green technologies.

The guidance highlights the government's commitment to creating an environment conducive to clean energy investments, marking a paradigm shift in the nation's energy landscape. Renewable energy, tax incentives, and sustainable development emerge as crucial keywords within this transformative guidance. As the world addresses environmental challenges, the US sets a precedent with this forward-thinking initiative, positioning itself as a leader in the global pursuit of a greener and more sustainable future.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..