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Article 01
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Ep183: Maximizing the Value of Renewable Real Estate Holdings
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Maria Klutey, president of Activate Renewables, joins us to discuss how the company’s business model maximizes the value of renewable real estate holdings. We get into the history and background of Activate, it

Ep182: Vanadium Flow Batteries
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Matt Harper, chief commercial officer at Invinity Energy Systems, joins us to explain vanadium flow batteries. We discuss the future of energy storage, how vanadium flow batteries differ from lithium-ion, what

Ep181: Intersect Power's Approach and Latest Financing
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Sheldon Kimber, CEO and co-founder of Intersect Power, joins us to discuss what he is seeing in the industry and talk about the company’s latest financing. We discuss Intersect’s interest in green hydrogen, how

Ep180: Insuring Renewables
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Maryann Johnson, senior managing director of property and energy claims at Beecher Carlson, Brian DiLuigi, senior vice president of alternative energy, and Alex Nephew, risk management and insurance advisor wit

Direct pay ain’t all it’s cracked up to be
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If the Democrats manage to end their in-fighting and pass the Build Back Better Act (BBB), it appears likely to include an option to elect cash in the form of a tax...

Ep179: Solar Energy Validation
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Jackson Moore, product director at DNV for renewable energy software, joins us to discuss DNV's solar energy validation work and to address questions about how and why solar assets may underperform. We discuss

Ep178: Green Energy Infrastructure
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Sam Porter and Mike Sloan, partners at Synergetic, join us to discuss green energy infrastructure. We go over Synergetic’s mission to deliver zero-carbon energy, the current infrastructure issues that it has id

Taxation of proxy revenue swaps for renewable energy projects
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The proxy revenue swap (PRS) is a burgeoning financial product that supports renewable energy projects that sell electrical energy into the wholesale electricity markets.

Ep177: Sustainable Finance
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Michael Edesess, managing partner, and Pascal Schoneburg, founder of M1K, join us to talk about sustainable finance. We discuss what sustainable finance is, the financial instruments included in it, whether sus

Podcast | Renewables and reconciliation: What the current policy debate means for clean energy
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Democrats in Congress are looking to pass a USD 1 trn bipartisan infrastructure bill and an even larger spending plan through reconciliation, and both bills could have a significant impact on the US energy sect

Ep176: A Creative and Collaborative Funding Solution
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Arunava Mitra, CFO of Mitsubishi Power Americas, and Nik Nunes, CEO of Industrial Development Funding (IDF), join us to discuss their collaboration to provide creative forms of financing for energy projects. We

Ep175: Developing in the C&I Space
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Brett Phillips, vice president at Unico Solar, joins us to discuss the company and how it is developing projects in the C&I space. We get into the type of projects that

Ep174: Building Better Batteries
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Rick Luebbe, CEO of Group14, joins us to discuss how the company brings new performance capabilities to lithium-silicon batteries. We get into how Group14’s technology works, what it means for the typical consu

Final regulations complicate bonus depreciation for a sponsor’s buyout of a tax equity investor
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This post follows-up on Sponsors may Claim a Bonus Depreciation from Buyouts of Tax Equity Investors.

Ep173: US Offshore Wind Update
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Abby Watson, head of governmental affairs, North America at Siemens Gamesa, joins us to discuss the US offshore wind market. We discuss the trajectory of offshore wind on a global level, where it is headed in t

Romania
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Romania replaced its 25% corporate income tax with a 16% “flat” tax, effective on January 1.

Ep172: Supply Chain Ethics and Transparency in the US Solar Industry
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Abby Hopper, president and CEO of the Solar Energy Industries Association (SEIA), joins us to discuss current supply chain ethics issues in the US solar industry. We discuss the current forced labor issues that

Effort to salvage Mexican private power sector advances
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A federal district court in Mexico blocked enforcement earlier this month of steps that the López Obrador government has taken to strengthen the national electric utility, the CFE ...

Ep171: Renewable Hydrogen Update
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Jean-Louis Kindler, CEO of Ways2H, a company focused on turning the world’s waste into renewable hydrogen, joins us to discuss the company’s technology and the hydrogen market. We get into what is currently hap

Utility tax equity partnerships
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Utilities are financing solar projects in the tax equity market in a manner that produces enhanced benefits.

Xinjiang: Blocked solar panels
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Xinjiang issues are getting closer attention from counsel.

Solar and wind import tariffs
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A hoped for easing of tariffs affecting the renewable energy sector once President Biden took office has not happened.

California CCAs and prepaid PPAs
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Four California CCAs that are planning to use a form of prepaid power contract may find the structure hard to implement.

CFIUS 2020 data
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CFIUS said in its latest annual report to Congress at the end of July that is now takes an average of 45 business days to review proposed acquisitions of US companies by foreign investors.

Interconnection costs: Electricity v. water and sewer
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Most interconnection payments and government grants to investor-owned water and sewer utilities will no longer have to be reported by the utilities as income...

Property taxes and projects on federal land
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Projects on federal land are probably not be exempted from local property taxes, but it depends on the facts.

Stalled carbon capture projects
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Stalled carbon capture projects started advancing again after an IRS revenue ruling on July 1.

Carbon border adjustments
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As the United States debates whether to impose a carbon border adjustment, it might be instructive to understand how Europe is proposing to do it.

Summer market survey
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A summer survey of current issues in the market, including how companies are handling forced-labor issues in Xinjiang, inflation, tax equity scarcity, equity returns, carbon capture projects ...

N-GEO futures
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Trading started this month in futures contracts that deliver nature-based reductions in carbon emissions.

Landco structures
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Investors are finding value in owning sites through “landcos” and leasing the sites to developers. Developers are also using the structure on their own.

University energy partnerships
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A wave of deals has closed recently where universities turn over campus utility systems to private companies. The private companies make substantial upfront payments in exchange for fees ...

Environmental update | August 2021
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The last decade was hotter than any decade in 125,000 years. Atmospheric carbon dioxide is now at a two-million-year peak. These are a few of the key takeaways from the latest comprehensive UN climate update.

How banks evaluate energy storage
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Banks put battery deals coming to market into two main buckets. The pricing and debt-service-coverage ratios are starting to diverge based on the type of storage project.

Net zero as moonshot
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Are the goals the US has set to have a carbon-pollution-free power sector by 2035 and a net-zero-emissions economy by 2050 realistic? What type of efforts do they imply?

FERC and Congress tackle transmission
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The government machinery needed to address transmission is starting to turn. The Federal Energy Regulatory Commission is addressing transmission reform for the first time in roughly a decade ...

Potential “game-changing” interconnection and transmission developments underway
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FERC is addressing transmission reform for the first time in roughly a decade, and Congress is helping to relieve legal congestion.

Ep170: Green Power Aggregation with Enel
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Mark McGrail, vice president of the commercial office at Enel Green Power North America, joins us to discuss green power aggregation. We get into the options available to corporations that want to buy renewable

Ep169: What Sponsors Need to Know to Finance CCS Projects
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Nick Knapp, senior managing director, and Mike Yurkerwich, director with CohnReznick Capital, join us to talk about what sponsors need to know to finance carbon capture and sequestration (CCS) projects. We disc

Ep168: Data Centers: What Potential Investors Need to Know
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Due to the increased investor appetite for digital infrastructure and growing governmental focus on improving connectivity, digital assets like data centers are crucial in supporting the growth of smart and...

Ep167: How Nuclear Technology Can Help Reach Carbon Goals
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Bret Kugelmass, managing director of the Energy Impact Center, joins us to talk about why nuclear is his chosen technology to reach our carbon goals. We get into what small modular reactors (SMRs) are and how t

IRS extension is partial relief of solar energy projects
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David Burton discusses the partial relief provided by the IRS extension for renewable energy projects.

Ep166: Investing in Water Infrastructure
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Damian Georgino, with Norton Rose Fulbright, joins us to discuss investing in water infrastructure. We start with how he got into the water space, what the market looks like today, the diligence questions that

IRS allows more time to finish construction (1)
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The IRS said this afternoon that developers will have an extra one to two years to finish construction of new wind, solar and other renewable energy projects and qualify for federal tax credits.

Ep165: Banking on Batteries
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James Wright, managing director and head of U.S. project finance and infrastructure with CIBC Capital Markets, joins us to discuss batteries and energy storage. We get into why it has taken so long for batt

Ep164: Utility-Scale Transmission Line Development
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Kimberlee Centera, CEO of TerraPro Solutions, joins us to discuss the critical aspects of utility-scale transmission development. We discuss key issues and challenges for transmission line development, land use

Dividends and section 1411 surtax
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Corporate shareholders must pay an additional 3.8% tax on dividends, the IRS said in an internal memo made public in May.

Biden bulk-power system actions
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The Trump bulk-power system order that barred the purchase or use of any Chinese or other “foreign adversary” equipment that might be used to harm the US power grid has expired.

Wildfire fund contributions
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Utility contributions to a state fund to cover damages after a weather event create an intangible property right.

Low renewables investment in opportunity zones
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Opportunity zones are not attracting much investment in power projects.

Section 707(b): Related-party electricity sales
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Partnerships that own renewable energy projects should be able to sell electricity to one of the partners without causing loss of valuable tax depreciation, the us chamber of commerce said.

Hydrogen tax credits
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Hydrogen tax credits are starting to take shape in Congress.

Uighur pressure builds
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Pressure is mounting to take action on solar panels that use materials or components made in the Xinjiang region in Western China.

2021 PTC inflation adjustments
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Production tax credits for producing renewable electricity will remain at the same level this year as last year.

Infrastructure bill and clean energy
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Renewable energy projects that are considered under construction this year for tax purposes may not be able to claim tax credits at the higher rates that President Biden is proposing.

Canadian carbon capture credits
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Carbon capture projects may get a boost in Canada.

Environmental update | June 2021
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Phase I site assessments on which all buyers and financiers rely miss some important environmental risks.

Data center sustainability: Beyond PPAs
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Data centers are being driven by customers to reduce carbon footprints and consumption of energy, water and raw materials. Green leases are being used to document commitments.

Inbound US investment structures for renewable energy
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The ideal US inbound investment structure for foreign investors starts with a blocker corporation.

States move to price carbon
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A third of the US economy is in states that have put a price on carbon emissions.

Virtual supply arrangements for hydrogen production
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Developers can earn valuable credits under the California low-carbon fuel standard through use of virtual supply arrangements for the renewable electricity or renewable natural gas needed to make hydrogen.

Reawakening the DOE loan guarantee program
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Roughly $40 billion in DOE loan guarantee capacity to support clean energy projects has sat largely unused for a decade. Recent changes have made the program more user friendly.

Tax equity snapshot
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The tax equity market is wrestling with a number of issues this year, including constrained capacity for ITC deals, tax-law uncertainty, risk of a Customs order blocking certain Chinese equipment...

Diagnosing weather-driven financial risk in hedges
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Weather risk is being misdiagnosed in some hedged financial structures. The project company risk is 225 times higher than that of the hedge provider in any given hour in ERCOT.

Ep163: Supply Chain Traceability
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Andy Klump, CEO of Clean Energy Associates, joins us to discuss supply chain traceability. We get into the concerns over polysilicon made in Xinjiang that many financiers and developers have due to their ESG-mi

ITC recapture following a casualty event
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Solar and other renewable energy projects eligible for the investment tax credit rarely suffer causalities; however, cautious taxpayers seek to be prepared for the consequences of a potential project casualty.

Ep162: Solar Risk Assessment Report 2021
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Richard Matsui, CEO of kWh Analytics, and Joe Kastner, CEO of Radian Generation, join us to discuss the 2021 Solar Risk Assessment Report. We discuss the findings of the report’s third edition, what the risk as

Ep161: Reducing Project Costs by Mitigating Risk
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Laura Pagliarulo, president of SolaREIT, joins us to talk about ways to reduce project costs in clean energy projects. We discuss how SolaREIT works with landowners and developers on land acquisition and lease

Ep160: Spanish Inbound Investors
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Nacho Ruiz Hens, managing director at Karbone, joins us to talk about breaking into the US renewable energy market for foreign investors, especially from Spain. We discuss the attraction of the US market, the m

Ep159: SPAC Market Update
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Trevor Pinkerton and Lior Nuchi with Norton Rose Fulbright join us to discuss the renewable energy SPAC market. We discuss the boom the SPAC market has seen in the last year, the recent slowdown of SPAC IPOs an

Ep158: Long-Duration Energy Storage with Highview Power
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Dr. Javier Cavada, CEO of Highview Power, joins us to talk about the energy storage technology on which the company is working. We discuss the energy storage landscape and where he sees it going in the future,

Ep157: The Missing Piece of the Carbon Accounting Puzzle
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Lee Taylor, CEO of REsurety, joins us discuss the carbon accounting market. We discuss how the company has solved the missing piece of the carbon accounting puzzle, how it has found that some renewable projects

Ep156: Building a Clean Energy Economy
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Danny Kennedy, an early pioneer in the residential solar rooftop sector and now CEO of New Energy Nexus, a non-profit that connects entrepreneurs to capital to build clean energy projects, joins us to discuss t

Wyden bill and tax credits
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Lessons from tax court's nixing of investor's energy credits
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David Burton highlights a court decision addressing a tax shelter scheme involving lenses for concentrated solar projects.

Ep155: A Green Infrastructure Investment Strategy
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Daniel Goldman, co-founder and managing director of Clean Energy Ventures, joins us to discuss green infrastructure investment. We go over what Clean Energy Ventures looks for in potential clean energy and cli

Ep154: Powering the UK with the Moroccan Sun
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Simon Morrish, entrepreneur and CEO of Xlinks, joins us to discuss the ambitious Xlinks solar project, which transfers solar energy from Morocco via a3.6 GW subsea cable to the UK. We get into the scope of the

Infrastructure plan: Outlook in Congress
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President Biden proposed a massive infrastructure plan in late March. Four veteran Washington observers talk about what is likely to pass Congress.

How much shareholder debt?
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Determining what mix of debt and equity to use for US acquisitions requires a two-step calculation.

Financing merchant projects after Texas
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Hedged merchant power and storage projects in ERCOT can still be financed. Lenders are focused after the February cold snap on unmitigated asymmetric risks.

Climate-change risks for company leaders
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Climate change is making it more risky to serve as a director or officer of some energy companies.

Hydrogen: The next frontier
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The market for hydrogen breaks down into four areas. Plug Power expects to use 55 kilowatt hours of electricity to produce each kilogram of green hydrogen.

Aggregated PPAs
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It is becoming more common to see multiple PPAs signed for a single wind or solar project. Two business models are emerging.

New life for distributed wind
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A new wind turbine that can be mounted on light poles along interstate highways has potential. The wind from passing vehicles causes the turbines to spin.

Hydrogen and Japan
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Japan wants to become a “hydrogen society” by 2030. The Middle East could again be key to realizing its energy ambitions.

Environmental Update April 2021
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Various Trump-era environmental positions are either being struck down by the courts or reworked by the Biden administration. New York has streamlined its approval process for new renewable energy projects.

India wants more mines
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India is taking steps to encourage more private investment in mines.

Not that tax equity.
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An April 7 headline in Tax Notes Today read, “Congressional Democrats United on Need for Tax Equity.”

Renewables market data points
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Half the US renewables M&A deals in 2020 were with foreign buyers.

Projected US capacity additions
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Solar, wind and storage are expected together to account for 83.1% of new capacity additions this year in the United States ...

Port backlogs
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Port backlogs are adding to cost and could delay construction of some projects.

COVID bar on cutting state taxes
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US states are chafing at a provision in the $1.9 trillion COVID relief bill that Congress enacted in March ...

Carbon border adjustment expected in Europe
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The European Union is expected to release details of a carbon border adjustment in June.

Unreliable output forecasts
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Climate change is making output from renewable energy projects harder to predict.

Solar projects roll off recapture period
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About 15% of us solar projects will reach the end of the recapture period for investment tax credits this year ...

Storage efficiencies
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Utility-scale batteries operated with an average round-trip efficiency of 82% during 2019 ...

California renewables gap
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California will need to triple the capacity of its power grid and may have to add 6,000 megawatts of new renewable and storage facilities ...

Texas wind and solar projects risk new costs
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Texas is considering imposing additional costs on wind and solar projects that are already in operation ...

Pressure builds on Uighur issues
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Pressure continues to build to block imports into the United States of solar panels made with polysilicon ...