Project Finance NewsWire

November 2010

IN THIS ISSUE

California: Moving Beyond the Elections

by Heather Mehta, Laura Norin and Brandon Charles, with MRW & Associates, LLC in Oakland, California  California’s renewable energy industry can breathe a sigh of relief now that voters have ...

Financing Utility-Scale Solar Projects

The following is an edited transcript from a roundtable discussion that took place at the Solar Power International 2010 convention in October in Los Angeles among three developers and three finan...

Solar Market Expanding in Pennsylvania

Pennsylvania is poised to take off as a solar market as a result of an “alternative energy portfolio standard” adopted in 2004 whose solar targets are expected to ramp up rapidly...

UK Holding Companies: Not Yet Working?

“Good for business, good for the UK” is a theme of much UK government rhetoric that has been reflected in a series of “good for business” tax changes...

UK Green Investment Bank Update

The UK chancellor, George Osborne, revealed more information about the UK government’s plans for a green investment bank in the comprehensive spending review in late October...

Environmental update

The election results in California mean that the state’s greenhouse gas cap-and-trade program remains on track for an expected launch in 2012.


IN OTHER NEWS

Proposition 26

Proposition 26, which passed on November 2 in California, may inadvertently subject Treasury cash grants on renewable energy projects to taxes in California unless the state legislature votes by N...

Series LLC

Series LLCs were helped by proposed regulations the Internal Revenue Service issued in September.

The US Patent Office

The US Patent Office has issued as many as 122 patents on tax products and has another 151 applications pending.

India

India plans to launch a green bank that would provide funds to wind, solar, tidal and other renewable energy projects.

A Tax Idea

A tax idea was not stolen, a state appeals court in California concluded in late October. John S...

Solar Rebates

Solar rebates to homeowners by their local utilities must be reported in some cases as income...

Qatar

Qatar adopted a new 10% corporate income tax on October 6 that will apply retroactively to corporate profits earned in the country since last January...

Municipal Utilities

Municipal utilities can make bilateral sales of renewable energy credits from wind, solar or other renewable energy projects they own without fear that the projects will be considered put ...

Temporary Utility Rate Increases

Temporary utility rate increases are not compensation for storm losses, the IRS said in an internal memo. The conclusion is important because it let the utility deduct the storm losses...

Minor memos

President Obama signed a “Plain Writing Act” on October 13 that would require federal agencies to write tax forms, instructions and other public documents in plain English.