Project Finance NewsWire

May 2012

IN THIS ISSUE

Interest Growing in US PPPs

Roughly 25 infrastructure projects have been funded to date in the United States through public-private partnerships, while the figure in Canada is roughly 150...

California Rules Worry Out-Of-State Generators

California is tightening the rules on how utilities can use electricity products, including unbundled renewable energy credits, from power projects in neighboring states toward meeting state targe...

The US Distributed Solar Market

A group of solar rooftop industry executives had a wide-ranging discussion at the PV America convention in Philadelphia in February about the basic business models in use in the US market, custome...

UK Green Bank Update

What started out as an idea to make the UK government the “greenest government ever” could in fact be becoming a failing scheme...

US Policy Outlook For Renewable Energy

A panel of veteran wind industry lobbyists spoke at a finance forum hosted by the American Wind Energy Association in April in New York about whether Congress is likely to extend tax subsidies for...

Road PPPs in Turkey

The Turkish government has embarked on an ambitious program of large landmark pathfinder projects done as public-private partnerships...


IN OTHER NEWS

Power Contract Values

Power contract values remain under discussion by the US tax authorities. Many smaller developers are unable to raise funds to build their projects...

Section 1603 Payments

Section 1603 payments to distributed solar companies remain somewhat unpredictable. The Treasury is sensitive to the complaints and is trying to address them...

The US Commerce Department

The US Commerce Department is expected to announce anti-dumping duties on Chinese solar cells on May 16. Countervailing duties of 3.59% (4.73% for Trina and 2...

US Financial Institutions

US financial institutions may become subject to a new financial transactions tax in the European Union, starting in 2014, if plans to extend the proposed tax are agreed by the European parliament ...

Rescissions

The US tax authorities have generally let the parties to a transaction rescind it as long as the rescission occurs in the same tax year and the parties are restored to the same position economically as if...

India and Vodafone

India and Vodafone are now fighting on several fronts in a high-stakes battle over whether the British phone company should have withheld $2...

Mauritius

Mauritius hopes to finish rewriting parts of its income tax treaty with India by the summer.

Chile

CHILE is expected to raise the corporate income tax rate to 20%.

Some Paper Companies

Some paper companies may be filing amended tax returns to get back large refunds from the US government...

Minor memos

The average time for tax cases that US companies appeal after being told they owe more taxes on audit increased to 494 days in 2011 from 346 days in 2010...