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...
State of the Tax Equity Market
Many renewable energy projects in the United States are financed in the tax equity market...
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...
Road PPPs in Turkey
The Turkish government has embarked on an ambitious program of large landmark pathfinder projects done as public-private partnerships...
Solar War Stories: From the Financial Front Lines
Two CEOs and three CFOs of solar companies shared lessons learned from closing recent financings at the Infocast solar finance and investment summit in San Diego in late February...
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...
Tax-Exempt Status
Tax-exempt status proved elusive for a solar company...
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.
State Tax Credits
State tax credits can be sold in some states.
Carbon Sequestration Credits
Carbon sequestration credits are turning into a battleground between gas producers and others...
Hart-Scott-Rodino
Hart-Scott-Rodino filing thresholds have been increased...
Chile
CHILE is expected to raise the corporate income tax rate to 20%.
A Tax Strategy Patent
A tax strategy patent was denied by a US appeals court ...
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...