Project Finance NewsWire

June 2017

IN THIS ISSUE

The changing California electricity market

The California regulatory agencies are scrambling to get ahead of a rapidly changing California electricity market as millions of Californians are being offered an expanding slate of alternatives to fully bundl

New York issues RFPs for renewable electricity

The New York State Energy Research and Development Authority (NYSERDA) and the New York Power Authority (NYPA) each issued requests for proposals (RFPs) for New York State renewable energy projects on June 2nd.

Tax change risk in tax equity deals

A review of 16 renewable energy tax equity deals since tax change risk became a major concern for tax equity investors after President Trump was elected shows that there is a common set of issues but the

Developers are watching two FERC proceedings

Two initiatives that have the potential to affect project developers are currently stalled at the Federal Energy Regulatory Commission, but should start to move once recent Trump nominees are confirmed to

Inverted leases

Inverted leases are a structure used to raise tax equity for renewable energy projects. The structure is used mainly in the solar rooftop market.

WIFIA gears up

Forty-three entities have expressed interest in borrowing from the US government under a new WIFIA loan program administered by the US Environmental Protection Agency.

Environmental update

The US Environmental Protection Agency has begun a systematic process of withdrawing or modifying various Obama-era environmental regulations.


IN OTHER NEWS

2017 PTC rates

Production tax credits for wind{comma} geothermal and closed-loop biomass projects will increase slightly in 2017 from 2016 levels{comma} the Internal Revenue Service said in late May.

DOE asks money back

DOE wants a share of the sale proceeds from a project that was paid for partly with US government money.

Maryland storage credit

Energy storage systems will qualify for a tax credit in Maryland under a new law signed by the governor in May.

A wood-pellet MLP

A wood pellet company can operate as a master limited partnership{comma} the IRS said.

Solar data

Solar surpassed wind for the first time last year in terms of new capacity additions worldwide.

Wind data

US wind capacity stood at 84{comma}143 megawatts at the end of March 2017{comma} after developers installed almost 2{comma}000 more megawatts in the first quarter.

Minor memos

SSR, an independent investment research company, estimated in May that electrification of the entire 260 million US vehicle fleet would increase electricity demand by a third...