Currents Podcast

Project finance, renewable energy and more

Ep90: Taking Stock: Tax Equity, Debt and M&A

March 26, 2020 | By Keith Martin

Tax equity for renewable energy was expected to be a US$15 billion market this year, and interest rates on bank debt had dropped to 125 to 137.5 basis points over LIBOR – before the coronavirus hit. Is financing still available for power and infrastructure projects? Has there been any change in availability or cost of tax equity, bank debt, B loans and project bonds? How have asset valuations been affected?

Six key market participants talked about these questions and more. They are John C.S. Anderson, global head, corporate finance and infrastructure at Manulife, Ted Brandt, CEO of Marathon Capital, Jack Cargas, managing director at Bank of America, Ralph Cho, co-head of North American power and infrastructure at Investec Bank, Yale Henderson, managing director at J.P.Morgan and Max Lipkind, managing director and head of energy and power leveraged finance at Credit Suisse.

About

The Currents Podcast features in-depth discussions on the latest developments in project finance. The podcast is hosted by partner Todd Alexander, who interviews key business leaders and policy makers to investigate important trends affecting the energy and infrastructure space.

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