Project Finance Newswire

August 2022


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, the electricity grid in the mid-Atlantic states and parts of the Midwest...

Renegotiating PPAs

Construction delays and cost increases are forcing renegotiation of power purchase agreements before renewable energy projects can be financed. Wholesale electricity prices jumped 2.5% for wind electricity...

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 as a way for natural gas to retain longer-term relevance.

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 for revamping existing energy facilities to enable...

The evolving energy storage market

The energy storage market is still in its infancy, but it is evolving rapidly. Portfolios of standalone utility-scale batteries are now being financed of a merchant basis. The market is moving away from...

Current financing challenges

How are tax equity investors and lenders addressing the unusually large number of risks this year? Tangled supply chains and labor shortages are causing delays. Inflation is making projects more expensive to...

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 effectively converted into bitcoins for $400 a megawatt hour.

Environmental update: August 2022

The Senate majority leader, Chuck Schumer (D-NY), had to agree to a broad outline for a separate permitting reform bill to win support from Senator Joe Manchin (D–WV) for the Inflation Reduction Act.