Project Finance NewsWire - December 2017

Project Finance NewsWire

Publication December 2017

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

How the US tax changes affect transactions

At least a dozen provisions in a massive tax-cut bill that cleared the US Congress in mid-December will affect transactions in the power and broader...

December 2017

Financing projects with CCA contracts

As many as 23 counties in California have, or are in the process of forming, community choice aggregators, or CCAs, that procure electricity—usually from renewable...

December 2017

Energy storage: drivers and pitfalls

Deployment of energy storage, especially batteries, will increase substantially in the next few years.

December 2017

The liberal art of project finance

Greatly appreciated parental guidance on the value of the liberal arts educations children are receiving.

December 2017

California cap-and-trade program recovers

Prices for greenhouse gas emission allowances under the California cap-and-trade program have rebounded in 2017.

December 2017

Net metering and community solar

The shifting net metering policies in the United States affect the economics of community solar as well as residential solar.

December 2017

Risk management for solar projects

The Solar Energy Industries Association published a guide called “Best Practices for Solar Risk Management” in September. Jason Kaminsky, chief operating officer...

December 2017

Environmental update

A top credit rating agency, Moody’s Investors Service Inc., put coastal communities in the United States on notice in late November that they must either start...

December 2017

In other news

Suniva tariffs

Solar companies are bracing for a decision by President Trump on whether to impose tariffs on imported solar cells and modules.

December 2017

Perry NOPR

US Energy Secretary Rick Perry's proposal to require grid operators in competitive markets to dispatch coal and nuclear power plants ahead of other types of power...

December 2017


CFIUS may be given authority to review more inbound foreign investment into the United States and to charge filing fees for doing so.

December 2017

Solar installed costs

Solar projects were being built at an average cost in the United States of $1.03 a watt in the first half of 2017, according to GTM Research.

December 2017

PPA value

Two lawsuits that test whether the amount paid to buy a power project must be allocated partly to the power purchase agreement are moving forward.

December 2017

State taxes on wind

Provisions in some "red" states to require super-majority votes by state legislatures before taxes can be increased are serving as an impediment to imposing taxes...

December 2017

Wind repowerings

Wind repowerings are expected to involve as many as 30% of US wind farms by the end of 2020, according to Bloomberg New Energy Finance.

December 2017

Solar securitizations

Solar securitizations set a new record in 2017.

December 2017

Government developers

A government corporation formed to act as developer of a gas pipeline or LNG project will not be subject to federal income taxes, the IRS said.

December 2017


A solar incentive payment from a utility counts as good income for a real estate investment trust.

December 2017

Muni joint venture

A jointly owned company formed by a group of municipal utilities and electric cooperatives to enter into a...

December 2017


MORE CREBs money is available, but the new tax-cut bill passed by Congress repeals the authority to issue new bonds after this year.

December 2017

Recent publications

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