Project Finance NewsWire

October 2020


SPACs gain in popularity

Some renewable energy companies are thinking about special-purpose acquisition companies — called SPACs — as a possible means to access the public equity markets.

COVID-19 and business interruption claims

More than 1,000 COVID-19-related insurance lawsuits have been filed in the US under business interruption insurance policies. The British High Court decided a test case in September.

Overestimation of solar output

The solar industry has anecdotally begun raising concerns about whether solar power plants are underperforming compared to their P50 output forecasts.

Depreciation bonus questions answered

The Internal Revenue Service answered more depreciation bonus questions in September. Most companies may delay deductions until next year in case Biden wins and increases the corporate tax rate.

Powering data centers

Almost 64% of corporate PPAs in the United States to date have been with technology companies with significant data center operations.

Environmental update

A class of chemicals under increasing regulatory scrutiny at both the federal and state levels should be on the radar screens of project developers to avoid getting caught up in someone else’s mess.


Trump grid order update

The Trump bulk-power system order said guidance would be issued by the US Department of Energy by September 28, but November may be more realistic.

Offshore wind lease moratorium

No new offshore wind leases will be issued by the US government for the area off North Carolina, South Carolina, Georgia and Florida for a 10-year period starting July 1, 2022.

Hawaii repeals solar tax credit

Hawaii is cancelling a 35% tax credit for solar projects that are five megawatts or larger in size and that have power purchase agreements that must be approved by the public utilities commission.