Project Finance NewsWire

November 2014

IN THIS ISSUE

Yield Cos: Where to Next?

Several veterans of the independent power market talked about the pros and cons of yield cos — when it makes sense for a company to form one, how they affect the cost of capital, whether they are ...

US Solar Market Outlook

A panel of solar industry CEOs and one utility executive shared insights about the US solar market at the Solar Power International 2014 convention in Las Vegas in late October...

DOE Nuclear Loan Guarantees: Part Deux

The draft solicitation recently issued by the US Department of Energy breaks new ground for support of the US nuclear energy industry through the loan guarantee program...


IN OTHER NEWS

The Income Method

The income method can be calculated in more than one way to value a project. The Minnesota Tax Court chose a method that looked back in time rather than at projected earnings...

2015 IRS Business Plan

An IRS business plan showing what guidance the US tax agency plans to issue by next June lists several items of interest to the project finance community. The plan was released in late August...

REITs

REITS continue to draw attention.

India

INDIA lost a round in court over whether taxes can be triggered when a foreign parent company makes a capital contribution to its Indian subsidiary in exchange for shares.

Chile

Chile increased taxes on foreign investors under new tax reforms signed into law in late September...

Value of Solar

Value-of-solar tariffs in two US states may be addressed by the IRS...

Solar Pole Mounts

Solar pole mounts qualify for tax credits as part of a solar system, the IRS said. The IRS made the statement in a private letter ruling that it made public in late October...

North Carolina

NORTH CAROLINA issued guidelines in October for state tax credits for investing in renewable energy equipment.

Economic Substance

Economic substance may be lacking. The IRS warned in October that it remains free to pick apart transactions with more than one leg that is tax motivated while allowing the rest of the transaction to stand.

Colombia

Colombia removed the Cayman Islands, British Virgin Islands and Bermuda from a list of tax havens. Forty-one jurisdictions remain on the list...

Indiana

Indiana does not tax out-of-state investors if the investment is structured properly...

South Carolina

South Carolina said that generating electricity is “manufacturing.” The decision, in a case involving Duke Energy, affects what share of income Duke must treat as earned in South Carolina...

PILOT Payments

PILOT payments can be deducted as property taxes, the IRS said. “PILOT” stands for payments in lieu of taxes...

Michigan

MICHIGAN utilities do not have to pay sales and use taxes on new equipment that they will use to distribute electricity and gas.

The US Environmental

The US Environmental Protection Agency released additional thoughts for comment in late October on some of the more controversial aspects of its June plan to reduce carbon dioxide emissions from e...

Minor memos

The US Department of Energy reported in late September that the price of solar rooftop systems in the United States fell 12% to 19% in 2013.