U.S. Federal Claims Court Orders Repayment of $5.6 Million in Section 1603 Grants

Monday, January 14, 2019 - 3:00pm

The U.S. Court of Federal Claims issued an opinion Jan. 7 that ordered a wind energy developer to pay back more than $5.6 million in Internal Revenue Code Section 1603 cash grants. The court sided with a Department of Treasury’s claim that the wind energy developer inappropriately calculated the grant amount for which it should qualify.