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.
LIBOR end may disrupt emerging market lending
The anticipated cessation of LIBOR at the end of 2021 presents an ominous predicament for foreign lending into emerging market economies.
FERC opens one door and closes two others
FERC Order No. 845, 2222: Three orders by the Federal Energy Regulatory Commission in September will have significant effects on different segments of the US independent power market.
COVID-19 and business interruption claims
Several project developers and other businesses around the world have filed claims under business interruption insurance policies due to interruptions in work during lock-downs resulting from COVID-19.
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.
How to construct a “ring fence”
A key feature of project financings is to “ring fence” a project company from the rest of the businesses of a sponsor.
Products for corporate offtakers
Companies that are parties to virtual power purchase agreements may find themselves taking on more risk than they had originally anticipated.
Depreciation bonus questions answered
Depreciation bonus regulations that the Internal Revenue Service issued in September 2019, and then tweaked in September 2020, answer a number of questions that have been coming up in M&A and tax equity...
Powering data centers
Technology companies with significant data center operations are responsible for more than 16,600 megawatts of the approximately 26,000 megawatts of total renewable capacity contracted for under corporate...
California Governor Gavin Newsom signed a broad executive order in September that sets a goal of requiring all new passenger vehicles sold in the state to have zero emissions starting in 2035...
China and “unreliable entities”
China is threatening to put some western companies on an “unreliable entities” list.
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.
Tariffs: China, solar, steel, aluminum and wind towers
More than 3,400 companies have filed suit against the Trump administration to get back tariffs paid on Chinese products.
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.
North Carolina takes aim at tax equity deals
Tax equity investors who invested in North Carolina solar projects expecting to claim a 35% state tax credit are watching two cases closely.
Solar projects and “public utility property”
Another public utility property ruling was issued by the Internal Revenue Service.
Solar projects and New York property taxes
New York property taxes must be paid on a solar project on land owned by Cornell University, a court said.
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.
Utility can deduct contributions to wildfire fund
Payments into a state fund to pay for wildfire damage can be amortized for US tax purposes over 15 years, the IRS said.
FCPA: Payment to government-controlled investment bank
The US Justice Department said in August that a $237,000 fee that a US fund manager planned to pay an investment bank owned by a foreign government for help with an acquisition ...