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Greentech Media’s Renewables Financing Briefing Soundbites
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Greentech Media (“GTM”) held its renewables financing briefing on March 14, 2019 in New York City. The briefing consisted of presentations from three Wood MacKenzie consultants and a discussion with...

Ep58: Energy Storage PPAs
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Kat Gamache, senior counsel at Norton Rose Fulbright, joins us to discuss all things energy PPAs. We go into the biggest differences between traditional renewable PPAs and PPAs with storage...

Electric Vehicle Charging: Recent Developments in the United States
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State-led renewable energy mandates and calls to reduce greenhouse gas emissions are bringing increased attention to electrifying the transportation sector. State governments are actively exploring policy...

Ep57: BayWa's Innovative PPA Approach and Market Overview
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Jared Quient, Executive Vice President and General Counsel at BayWa r.e., joins us to discuss the innovative PPA structure the company recently used to finance its 100 MW solar deal in North Carolina.

Legal Update | Pemex to build new refinery in Dos Bocas, Tabasco
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Mexico’s Minister of Energy Rocío Nahle announced the start of the procurement procedure for building a new refinery of Petróleos Mexicanos (Pemex) in Dos Bocas, Tabasco on March 18.

Ep56: The Orange Button Standard
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Jon Previtali from Wells Fargo and Tom Tansy from the Sunspec Alliance join us to discuss the orange button data standard, explaining what it is and why the solar industry is in need of a data standard.

China's LNG demand
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China’s Ministry of Transport recently proposed 34 coastal liquefied natural gas (“LNG”) terminals with a combined annual import capacity of 247 million tons by 2035.

Ep55: kWh Analytics' Solar Lendscape
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Richard Matsui, CEO and co-founder of kWh Analytics, joins us again to share the company's popular Solar Lendscape and discuss the current solar market.

Ep54: The US LNG Market
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John Mauel, partner in our Houston office, joins us to discuss the current US LNG market. We take the discussion from an overview of the global LNG industry to where the US market fits into the global...

Ep53: Practical Wisdom About Tax Equity
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John Eber, former CEO of JPM Capital Corporation, joins us for a conversation about lessons learned over a 30-year career working as a prominent tax equity investor.

Ep52: DNV GL's Energy Transition Outlook
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Marion Hill, business line director, renewable energy for North America of DNV GL, joins us to discuss the company's "2018 Energy Transition Outlook." We talk about the model on which the outlook is

Ep51: Working with the NY Green Bank
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Alfred Griffin, president of the NY Green Bank, joins us to discuss its mission, what types of deals it is authorized to do and the benefits of borrowing from it.

Ep50: Covariance Risk with REsurety
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Podcast Round-up
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Here are three great podcast episodes to add to your queue: In case you missed it, the extraordinarily popular Cost of Capital Outlook 2019 was posted a couple weeks ago. It’s full of industry intelligence on

Ep49: Grid Strategies on Electricity Market Design
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Rob Gramlich, President of Grid Strategies, joins us to discuss a recent report on reforms needed in the PJM and MISO electricity markets for renewable energy to become competitive.

Ep48: Mexico: Changes in Store?
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The new Mexican president already made headlines by halting construction work on the new Mexico City airport and requiring resignations of executives at state companies to reduce salaries.

Ep47: Cost of Capital: 2019 Outlook
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It is the start of a new year. Interest rates are headed up in the broader market. Economists are split on where the US and global economies are headed. Share prices on world bourses took a beating...

Webinar | Cost of Capital: 2019 Outlook
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Ep46: Solar Revenue Put: One Year Later
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In Episode 23, Richard Matsui of kWh Analytics sat down with us to explain the solar revenue put. One year later, he joins us again...

DOE issues three rulings favorable to LNG exporters
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The US Department of Energy (DOE) has issued a policy statement, a blanket order and a proposed interpretive rule relieving some of the reporting requirements for liquefied natural gas (LNG) exporters.

How PG&E financial stress is affecting projects
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The stock of Pacific Gas and Electric Company’s public traded parent, PG&E Corporation, took a beating in the market during the wildfires this fall, but recovered some of its value...

New bipartisan bills aim to regulate and promote blockchain and cryptocurrencies
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In a sign of the increasing maturity of the blockchain industry and its potential significance to the American economy, two bipartisan bills were introduced in the House of Representatives last week aimed

Prepaid power contracts
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Prepaid power contracts are harder to make work after the US tax reforms last December.

US installed wind capacity
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US installed wind capacity stood at 90,550 megawatts at the end of the third quarter 2018, according to the American Wind Energy Association.

New gas-fired power plants
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New gas-fired power plants are expected to eclipse wind and solar installations this year.

US solar installations
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US solar installations dipped 15% in the third quarter 2018.

Interest and property taxes
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Interest and property taxes must sometimes be capitalized rather than deducted.

California
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California will decide next year whether to conform to the tax changes the federal government made in late 2017.

US tariffs
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US tariffs are causing some types of Chinese imports to surge.

Environmental update
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The meaning of “critical habitat” and the scope of protection offered by the Endangered Species Act are being hotly litigated in the appellate courts, with potentially significant implications for developers.

Mitigating weather risk in existing offtake contracts
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Project sponsors and corporate electricity purchasers are entering into two new types of arrangements to mitigate risk in existing offtake contracts.

California CCA outlook
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Representatives of three California CCAs talked at an American Wind Energy Association finance conference in San Francisco in October about their needs for additional power and some of the challenges they face.

Current issues in community solar projects
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Three community solar developers and one aggregator of community solar customers talked at the Infocast Community Solar 2.0 conference about the how the basic business model is evolving and current issues.

Buying assets from financially distressed sellers
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When a developer that has sold assets later files for bankruptcy, many of its transactions that it engaged in during the time leading up to its bankruptcy filing will be scrutinized in the bankruptcy case.

Cap on interest deductions explained
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The Internal Revenue Service filled in detail in late November about how a new cap works on the interest expense that a company can deduct each year.

State of the wind industry
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Panelists had a wide-ranging conversation in San Francisco in October about the state of the US wind industry.

Effects of the US mid-term elections on the US power sector
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A group of veteran Washington insiders talked three days after the election about what the results mean for the US power sector, particularly renewable energy.

Uncertainty in Mexico as new president takes office
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Many people have been asking since Andrés Manuel López Obrador took office as Mexican president in early December what this means for the power and infrastructure sectors in the country.

California utilities issue bonds to extinguish wildfire woes
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CFTC Subcommittee to report on LIBOR Reform
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This week, the Commodity Futures Trading Commission (“CFTC”) announced the members of the Interest Rate Benchmark Reform Subcommittee (“Benchmark Reform Subcommittee”)...

California offshore wind
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The Bureau of Ocean Energy Management (“BOEM”) is accepting comments until January 27, 2019 to its call for information and nominations for commercial wind leases off of the coast of California...

Ep45: Potential Impacts from Wildfires on PG&E and Other California IOUs
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Bob Shapiro joins us to discuss potential wildfire impacts on PG&E, including potential impacts to PG&E's counterparties. We dive into the relationship between the California legislature and...

New Jersey offshore wind
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The New Jersey Board of Public Utilities (“BPU”) is now soliciting applications for the development of up to 1,100 MW of offshore wind energy generation, the nation’s largest single-state solicitation...

Massachusetts offshore wind lease auction
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The Bureau of Ocean Energy Management (“BOEM”) will be auctioning about 390,000 acres of offshore wind lease areas on December 13, 2018 off of the shore of Massachusetts...

Ep44: Post-Election Assessment: US Power Sector
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Listen to a discussion among Keith Martin and five veteran Washington lobbyists and power company office heads about how the US mid-term election results are likely to affect the power...

Ep43: A Master Class on Ratings for Projects
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Greg Remec, Senior Director with Fitch Ratings, joins us to give a master class on ratings for projects, discussing what goes into a rating, how the different players affect the grade and more.

Webinar: Post-Mid-term Election Assessment: US Power Sector
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Ep42: Title Insurance for Projects
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Scott Bank of First American Insurance sat down to discuss all things title insurance.

How safe are corporate PPAs?
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Bankruptcy analysis has become a central part of due diligence on renewable and other power projects as project developers rely more frequently on corporate PPAs as a source of revenue for their projects.

Prosecuting foreigners under the FCPA
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The Foreign Corrupt Practices Act may not be used to prosecute an individual with no ties to the United States.

Landfill gas tax credits disallowed
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Landfill gas tax credits were denied.

Repatriated profits go to share buybacks
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Repatriated profits are being used mainly for share buybacks and debt repayments.

Cryptocurrency issues
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Cryptocurrency use risks triggering unwanted tax consequences.

Zero emissions credits
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Zero emissions credits were upheld — again.

Solar transactions land in court
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Three solar transactions landed in court.

Flood of US wind projects ahead
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A flood of US wind projects should come to market over the next two years.

Solar fair market values
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Reported fair market values for solar projects are continuing to decline.

China tariffs set to ramp up
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US tariffs on many Chinese imports will increase automatically on January 1, unless any meeting between the US and Chinese presidents on the sidelines of the G-20 summit in Argentina in late November.

Environmental update
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California became one of two US states in September to require all electricity supplied in the state to come from renewable or other carbon-free sources.

California update
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Two new laws enacted in September will have a major effect on the California energy market.

Construction stopped despite having permits
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Two courts stopped construction of natural gas pipelines in the last few months due to problems with permits.

PACE securitizations
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Securitizations are becoming a more common technique to raise low-cost debt for energy projects.

Financing storage and EV infrastructure
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Battery storage, electric vehicle infrastructure, community solar, micro-grids and fuel cells are emerging markets on which lenders like Investec are focused as potential growth areas.

Special US tax rate for pass-through income
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Individuals have to pay US income taxes on only roughly 80% of the income they receive from partnerships, S corporations and other pass-through entities.

Representations and warranties insurance
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A representations and warranties insurance policy, or RWI, is insurance that covers the losses that arise from a breach by the seller of its representations and warranties in an acquisition agreement.

California settles CCA exit charges
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The California Public Utilities Commission issued a highly-anticipated decision in October revising the formula for calculating exit fees that the three investor-owned utilities in California can charge.

Ep41: M&A Due Diligence
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Ken Elser of DNV GL joins us to discuss when a company contemplating an M&A transaction should approach an independent engineer and more.

Two Appellate Courts Uphold ZEC Programs for Nuclear Plants in Illinois and New York
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The United States Court of Appeals for the Seventh Circuit and for the Second Circuit each upheld a state's creation of a rate subsidization plan to keep operating nuclear plants economically afloat...

Ep40: Emerging Energy Infrastructure Opportunities
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Ren Plastina of Investec joins us to talk about energy storage and electric vehicles and how to be a first mover in both markets.

Ep39: Interview with an Industry Veteran: Steven Greenwald
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Steven Greenwald, senior advisor and former head of project finance with Credit Suisse, reflects on a rich 39-year history in the project finance industry.

FERC Works to Speed Up LNG Reviews
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In the past, it has taken years for the Federal Energy Regulatory Commission (FERC) to issue decisions on whether or not to authorize onshore LNG facilities...

Ep38: The Future of Energy Storage
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Michael Kleinberg, head of distributed energy resources and energy storage at DNV GL, joins us to talk all things energy storage. He shares an update on current technology trends of lithium ion...

Ep37: Legal Perspective: Representations and Warranties Insurance
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The representations and warranties insurance (RWI) market is growing rapidly as the insurance expands in scope to cover more types of transactions...

ISO New England Adds Fuel Security to Tariff as a Reason to Extend Operation of Gas Units
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Due to concerns about fuel security, ISO-NE proposed tariff revisions to induce a large gas-fired generator to continue to operate rather than retire its unit for economic reasons...

Ep36: US to Review More Inbound Investments
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Amanda Rosenberg tells what the major changes are in a new law this month that gives CFIUS broader power to set aside inbound US investments and how they will affect the energy industry...

Offshore wind advantages over onshore wind
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A Word About Wind has published my article about offshore wind in the United States as part of its Legal Power List 2018 special report. The article discusses how offshore wind projects, such as Vineyard Wind,

CFIUS: Expanded Authority
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The US government now has expanded authority to review inbound investments. President Trump signed the law expanding the powers of CFIUS. CFIUS stands for the Committee on Foreign Investment in the United...

American Indians and income taxes
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American Indians are not subject to US income taxes on gravel mined on the reservation, a federal district court said in late July.

Golan: Individuals successfully claim ITC
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Solar tax benefits were allowed to two individuals on three rooftop solar installations after the IRS made a mistake.

Electric coops and tax reform
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Electric cooperatives are concerned that they will lose their federal income tax exemptions because of the tax reforms that were enacted last December.

FERC modifies MLP tax policies
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Gas pipelines got a break from the Federal Energy Regulatory Commission.

California CCA data
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Community choice aggregators in California bought 57.1% more electricity from wholesale suppliers in the first quarter of 2018 compared to the same period in 2017.

Solar panel prices
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Solar panel prices are expected to fall 34% by year end to a global average of 24.4¢ a watt, according to Bloomberg New Energy Finance.

Wind construction start rules criticized
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The construction-start rules for wind farms are under attack from the coal lobby.

US solar capacity
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US installed solar capacity was 55,900 megawatts at the end of the first quarter 2018.

US wind capacity
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US installed wind capacity was 90,004 megawatts at the end of June.

Cryptocurrencies and taxes
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The IRS launched a new taxpayer compliance campaign aimed at cryptocurrencies on July 2.

Carbon taxes inch ahead
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Carbon taxes remain in the spotlight, although only dimly so.

US import tariffs remain a challenge
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The US started collecting a 25% tariff on July 6 on a list of Chinese goods that accounted for $34 billion in imports last year.

Physical presence: Wayfair
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A physical presence is no longer required for companies making sales to have to collect sales taxes, the US Supreme Court said in late June.

Tax basis issues: Alta Wind
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Tax basis issues remain largely unresolved after a US appeals court decision in late July in a closely-watched case involving Alta Wind.

Environmental update
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The Trump administration announced in August to roll back Obama-era automobile emissions and fuel efficiency standards and revoke the long-standing authority of states to impose stricter standards.

California update
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Two bills have been proposed in the California legislature that could affect renewable energy companies in California: SB 100 in the state senate and AB 813 in the state assembly.

Opportunity: electric vehicle charging infrastructure
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Various car manufacturers have announced dramatic increases in electric vehicle production in response to domestic and international pressure to electrify the transportation sector.

More new trends
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Four industry veterans talked about new trends in financing renewable energy projects at the 15th annual ACORE/Euromoney REFF-Wall Street conference in New York.

Energy storage gains ground
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Four prime movers in the push to install batteries talked about where installation of batteries already makes economic sense and what is driving current adoption.

The cloud over future PJM capacity auctions
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PJM proposed and the Federal Energy Regulatory Commission rejected a plan to change the way PJM runs auctions to buy capacity.

Solar construction-start guidelines
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Solar developers got long-awaited guidance from the Internal Revenue Service today about what must be done on future projects to be considered under construction in time to qualify for federal tax credits.

Blockchain comes into view
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Four blockchain pioneers talked at the 29th annual global energy and finance conference in June about what blockchain means for the power sector.

Suffering from lack of transmission
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Four panelists talked about the growing problems in this area at the 29th annual global energy and finance conference in June.