There is speculation that new partnership tax audit rules in the United States may be the last straw that causes more US states to start imposing an entity-level tax on partnerships as Texas and Tennessee have already done. This could be an issue for lenders. Banks lending to finance projects owned by partnerships calculate debt service coverage ratios on a pre-tax basis when sizing the debt . . . . UBS says that a number of utility-scale solar projects are being delayed to 2018 as there is no longer a need to complete the projects in 2016 to qualify for federal tax credits. It says this will allow the developers to avoid a “merchant nose” under power purchase agreements with California utilities that do not kick in until 2018 and that margins on the projects might improve by 3% to 4% as projects that delay construction will benefit from falling equipment costs . . . . Moody’s says it expects $50 billion in green bonds to be issued in 2016, with a lot of the activity expected in China. Green bond volume was $42.4 billion in 2014. There were 105 issuers and 197 transactions. About 40% of the issuers were financial institutions. Green bonds are bonds whose proceeds will be used in ways that help reduce global warming . . . . US installed wind capacity stood at 74,472 megawatts at the end of 2015. Solar capacity was a little over 25,000 megawatts.