How safe are corporate PPAs?
Bankruptcy analysis has become a central part of due diligence on renewable and other power projects as project developers rely more frequently on corporate PPAs as a source of revenue for their projects.
California settles CCA exit charges
The California Public Utilities Commission issued a highly-anticipated decision in October revising the formula for calculating exit fees that the three investor-owned utilities in California can charge.
Representations and warranties insurance
A representations and warranties insurance policy, or RWI, is insurance that covers the losses that arise from a breach by the seller of its representations and warranties in an acquisition agreement.
Special US tax rate for pass-through income
Individuals have to pay US income taxes on only roughly 80% of the income they receive from partnerships, S corporations and other pass-through entities.
Financing storage and EV infrastructure
Battery storage, electric vehicle infrastructure, community solar, micro-grids and fuel cells are emerging markets on which lenders like Investec are focused as potential growth areas.
PACE securitizations
Securitizations are becoming a more common technique to raise low-cost debt for energy projects.
Construction stopped despite having permits
Two courts stopped construction of natural gas pipelines in the last few months due to problems with permits.
California update
Two new laws enacted in September will have a major effect on the California energy market.
Environmental update
California became one of two US states in September to require all electricity supplied in the state to come from renewable or other carbon-free sources.
China tariffs set to ramp up
US tariffs on many Chinese imports will increase automatically on January 1, unless any meeting between the US and Chinese presidents on the sidelines of the G-20 summit in Argentina in late November.
Solar fair market values
Reported fair market values for solar projects are continuing to decline.
Flood of US wind projects ahead
A flood of US wind projects should come to market over the next two years.
Solar transactions land in court
Three solar transactions landed in court.
Zero emissions credits
Zero emissions credits were upheld — again.
Cryptocurrency issues
Cryptocurrency use risks triggering unwanted tax consequences.
Repatriated profits go to share buybacks
Repatriated profits are being used mainly for share buybacks and debt repayments.
Landfill gas tax credits disallowed
Landfill gas tax credits were denied.
Prosecuting foreigners under the FCPA
The Foreign Corrupt Practices Act may not be used to prosecute an individual with no ties to the United States.