Project Finance NewsWire

Publication | February 2018
Project Finance NewsWire

Project Finance NewsWire

The Project Finance NewsWire reports on new developments affecting the power sector, gas pipelines, LNG terminals, energy storage facilities, energy efficiency, biofuels, gasification, water, toll roads, bridges, ports, stadiums and other infrastructure. We report from the perspective of a law firm down in the trenches on deals. The NewsWire is published every other month and goes to 46,000 people.

In this issue

Cost of capital: 2018 outlook

The tax equity market managed to function all year in 2017 despite uncertainty about what the US tax code would say.

February 20, 2018

Reading the current market

A panel of company CEOs and investors talked at the annual Infocast “projects & money” conference in New Orleans in January about where the opportunities and...

February 20, 2018

New technologies and old issues under PURPA

After nearly 40 years with wide-ranging effects on the US electric utility industry, the Public Utilities Regulatory Policies Act — called “PURPA” — has resurfaced...

February 20, 2018

Renewable energy policy issues in play

Changes in government policy can have a big effect on the renewable energy market in the United States. Most acquisitions and financings make it a condition to...

February 20, 2018

ERCOT: shrinking reserve margin

Texas is the only organized electricity market in the United States where there is growing demand for electricity.

February 20, 2018

Energy storage in Latin America and the Caribbean

Latin America is in the midst of a dramatic energy transformation.

February 20, 2018

Tax equity primer for back-levered lenders

Back-levered loans remain a core financing tool in the US renewable energy market.

February 20, 2018

Environmental update

The US Environmental Protection Agency sent interim guidance to its regional offices in late January to fill in details of its plan to let states lead on...

February 20, 2018

In other news

US solar tariffs

Solar panel prices are expected to remain high in the first half of 2018, but may ease after that.

February 20, 2018

Orphan extenders

Various energy tax incentives were extended by Congress as part of a two-year budget deal in early February.

February 20, 2018

DOE and coal

Coal plant retirements may be delayed by the US Department of Energy.

February 20, 2018

PPAs and developer fees

Two closely-watched lawsuits are moving forward.

February 20, 2018

H-S-R thresholds

H-S-R filing thresholds will go up at the end of February.

February 20, 2018

The solar construction-start rules

The solar construction-start rules are “actively being worked on,” according to Hannah Hawkins, the lawyer for energy tax issues in the office of tax policy at the...

February 20, 2018

Corporate PPAs

Corporate PPAs are on the increase again.

February 20, 2018

CFIUS and China

CFIUS is becoming a major roadblock for acquisitions by Chinese companies.

February 20, 2018

Aircraft non-payment insurance

Aircraft non-payment insurance is being used in some aircraft financings.

February 20, 2018

Rooftop solar

US residential rooftop solar installations fell for the first three straight quarters in 2017 as new customers become harder to find.

February 20, 2018

US wind data

New wind farm construction dipped in 2017, but should pick up again in 2018.

February 20, 2018

Offshore wind

US offshore wind is gearing up quickly.

February 20, 2018

Oklahoma

An Oklahoma bill that would cap tax credits for generating wind electricity and, at the same time, impose a tax on such electricity fell short of the number of...

February 20, 2018

Maine

Maine imposed a moratorium on new wind farm construction.

February 20, 2018

Community choice aggregators

Community choice aggregators and rooftop solar took about 25% of the retail load away from investor-owned utilities in California in 2017.

February 20, 2018

US partnership audits

New partnership audit rules take effect in 2018.

February 20, 2018

Incurred costs

Incurred costs under the 5% test for starting construction may have to be reduced by any credit or discount the developer is given against a future turbine or...

February 20, 2018

Transfer pricing and foreign tax credits

Transfer pricing issues led to being whipsawed on foreign tax credits.

February 20, 2018

Pledges of Delaware LLC interests

Pledges of interests in Delaware limited liability companies are being mishandled in some transactions.

February 20, 2018

CO2 allowances and REITs

CO2 allowances that forestry companies receive for preserving trees are not “real property” for REIT purposes, the IRS said.

February 20, 2018

Minor memos

Lenders are requiring that equity account for only 8% of the capital stack of a solar project rather than the more traditional 10%.

February 20, 2018


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