The U.S. IRS has announced the issuance of proposed regulations on 29 May 2024 regarding the Clean Electricity Production Credit and the Clean Electricity Investment Credit established by the Inflation Reduction Act of 2022. As explained in a separate release from the U.S. Treasury Department, the Inflation Reduction Act sunsets the existing Production Tax Credit (section 45 of the tax code) and Investment Tax Credit (section 48 of the tax code) by limiting their availability to projects be…