Latest project finance insights

Treasury opens a 30-day window for IRA comments
The Treasury asked for comments on most of the major tax provisions in the Inflation Reduction Act this afternoon. Comments are due November 4.
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October 2022
IN THIS ISSUE Observations of a Former ISO Board Member Naturally, one accumulates many thoughts over nine years. My comments today are my own personal tho
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Anti-Circumvention Duty Moratorium
The Commerce Department formally implemented the two-year moratorium on anti-circumvention duties on imported solar cells and modules ...
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Solar tariff moratorium and Customs detentions
Customs detentions and import tariffs remain obstacles for US solar developers.
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Battery purchase contracts: Key pitfalls
Anyone developing a battery energy storage project should be prepared to address two main issues.
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Bitcoin mining and electricity
Bitcoin mining consumes a large amount of electricity. Houlihan Lokey calculated when bitcoins are trading for $50,000 a coin, the electricity is...
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Searching for opportunities in the Inflation Reduction Act
Companies are scrambling to assess the effects of the Inflation Reduction Act on their projects. The tax equity market will look different.
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Disappointing property tax outcomes
Two property tax cases had frustrating outcomes.
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New tax credits for semiconductors
A new semiconductor tax credit intended to spur construction of new factories may not lead to much tax equity investment.
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Right-side, left-side issues in tax equity deals
Right-side, left-side issues are getting more attention in tax equity transactions.
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FERC and PJM tackle bloated interconnection queues
The Federal Energy Regulation Commission proposed new rules in June to revamp the way interconnection requests are processed, and PJM...
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Renegotiating PPAs
Construction delays and cost increases are forcing renegotiation of power purchase agreements before renewable energy projects can be financed...
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Tax equity partnerships that lose money
A tax equity partnership does not have to expect a profit apart from tax credits, a US appeals court said in early August.
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Embracing hydrogen
Two competing narratives about hydrogen played out the last two years in the press. One was that hydrogen is being pitched by the fossil fuel community...
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The Inflation Reduction Act and DOE loan programs
The Inflation Reduction Act upsizes the existing US Department of Energy loan programs. It also establishes new programs for transmission projects and...
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