Project Finance NewsWire | August 2018 | Norton Rose Fulbright

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

US to review more inbound investments

Congress passed legislation in early August that will subject more in-bound US investments to review by CFIUS. The President is expected to sign the law.

August 9, 2018

New trends

The conference is attended by top executives at project developers, banks, private equity funds and tax equity shops. The 29th annual conference was at Lake George...

August 9, 2018

The hunt for PPAs

Three prominent wind developers and the head of electricity procurement for a utility talked about lessons from recent utility procurements, corporate PPAs and...

August 9, 2018

What next after Ontario cancels power contracts?

Recent headlines have captured the decision of the newly elected Ontario provincial government to cancel more than 700 renewable energy contracts in the province.

August 9, 2018

Turkey eyes offshore wind

The Turkish Ministry of Energy launched a tender for the country’s first offshore wind power plant on June 21. The deadline for bid submissions is October 23.

August 9, 2018

Depreciation bonus questions answered

Depreciation bonus regulations that the IRS issued on August 3 answer a number of questions that have been coming up this year in M&A and tax equity transactions.

August 9, 2018

Suffering from lack of transmission

Four panelists talked about the growing problems in this area at the 29th annual global energy and finance conference in June.

August 9, 2018

Blockchain comes into view

Four blockchain pioneers talked at the 29th annual global energy and finance conference in June about what blockchain means for the power sector.

August 9, 2018

IRS issues solar construction-start guidance: Notice 2018-59

Solar developers got long-awaited guidance from the Internal Revenue Service today about what must be done on future projects to be considered under construction...

June 22, 2018

The cloud over future PJM capacity auctions

PJM proposed and the Federal Energy Regulatory Commission rejected a plan to change the way PJM runs auctions to buy capacity.

August 9, 2018

Energy storage gains ground

Four prime movers in the push to install batteries talked about where installation of batteries already makes economic sense and what is driving current adoption...

August 9, 2018

More new trends

Four industry veterans talked about new trends in financing renewable energy projects at the 15th annual ACORE/Euromoney REFF-Wall Street conference in New York in...

August 9, 2018

Opportunity: electric vehicle charging infrastructure

Various car manufacturers have announced dramatic increases in electric vehicle production in response to domestic and international pressure to electrify the...

August 9, 2018

California update

Two bills have been proposed in the California legislature that could affect renewable energy companies in California: SB 100 in the state senate and AB 813 in the...

August 9, 2018

Environmental update

The Trump administration announced plans in early August to roll back Obama-era automobile emissions and fuel efficiency standards and to revoke the long-standing...

August 9, 2018

In other news

Tax basis issues: Alta Wind

Tax basis issues remain largely unresolved after a US appeals court decision in late July in a closely-watched case involving Alta Wind.

August 9, 2018

Physical presence: Wayfair

A physical presence is no longer required for companies making sales to have to collect sales taxes, the US Supreme Court said in late June.

August 9, 2018

US import tariffs remain a challenge

US import tariffs remain a challenge.

August 9, 2018

Carbon taxes inch ahead

Carbon taxes remain in the spotlight, although only dimly so.

August 9, 2018

Cryptocurrencies and taxes

Cryptocurrencies could come up in IRS audits.

August 9, 2018

US wind capacity

US installed wind capacity was 90,004 megawatts at the end of June.

August 9, 2018

US solar capacity

US installed solar capacity was 55,900 megawatts at the end of the first quarter 2018.

August 9, 2018

Wind construction start rules criticized

The construction-start rules for wind farms are under attack from the coal lobby.

August 9, 2018

Solar panel prices

Solar panel prices are expected to fall 34% by year end to a global average of 24.4¢ a watt, according to Bloomberg New Energy Finance.

August 9, 2018

California CCA data

Community choice aggregators in California bought 57.1% more electricity from wholesale suppliers in the first quarter of 2018 compared to the same period in 2017

August 9, 2018

FERC modifies MLP tax policies

Gas pipelines got a break from the Federal Energy Regulatory Commission.

August 9, 2018

Electric coops and tax reform

Electric cooperatives are concerned that they will lose their federal income tax exemptions because of the tax reforms that were enacted last December.

August 9, 2018

Golan: Individuals successfully claim ITC

Solar tax benefits were allowed to two individuals on three rooftop solar installations after the IRS made a mistake.

August 9, 2018

American Indians and income taxes

American Indians are not subject to US income taxes on gravel mined on the reservation, a federal district court said in late July.

August 9, 2018

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