In the absence of a national green infrastructure bank that could provide financing for clean, renewable energy and energy-efficiency projects, individual states have stepped up to fill the gap and provide financial incentives and promote and facilitate investment. We discussed earlier in this blog how New York and New Jersey are rethinking energy finance and embracing green banks to support investment in renewable energy and distributed energy resources.
Topics: Energy Policy, Structured Transactions & Tax, Energy Efficiency, Energy Finance, Distributed Energy, Solar Energy, Renewable Energy
Renewable energy is back on the docket for the Senate Finance Committee, and Chairman Orrin Hatch (R-Utah) is likely to release the draft of his bill as early as this week. The Committee is considering a two-year extender for tax incentives for new wind, geothermal, biomass, landfill gas and ocean energy projects during a markup. Also being considered is the extension of second generation biofuel producer tax incentives for production of biodiesel and renewable diesel. The extenders package covers 52 items concerning a wide range of industries in addition to renewable energy, including mortgage lenders, education, and retail and restaurant improvements. The 30% investment tax credit for solar and fuel cell projects is not expected to be on the table. The Solar Energy Industries Association (SEIA) urges the solar community to advocate the investment tax credit, which is set to step-down in 2016 without an extension.
Topics: Biofuels, Biomass, Energy Policy, Structured Transactions & Tax, Energy Finance, Distributed Energy, Renewable Energy, Wind
Topics: Utilities, Energy Policy, Structured Transactions & Tax, Energy Storage, Energy Efficiency, Microgrid, Energy Finance, Distributed Energy, Energy Management, Solar Energy, Renewable Energy, Public/Private Partnership, Wind
The problems encountered by the Solana Generating Station, a solar thermal facility, illustrate that sponsors may be able to negotiate for a favorable position despite operating at well below the agreed upon output. For example, Solana has experienced fluid leakage and fires due to the intense heat generated by its mirrors. Although not publically available, it seems that the sponsor, Abengoa,
Topics: Structured Transactions & Tax, Energy Finance, Solar Energy, Renewable Energy
It would often be a good thing for the renewable energy industry if a solar company received column space in several of the most widely circulated newspapers and periodicals on the planet. However, recent articles in the Wall Street Journal, the Financial Times and Forbes regarding accounting irregularities and late-day trading in Hanergy, one of the largest publicly-traded companies in China and the largest publicly-traded solar company by value in the world, have painted a less-than-flattering picture. They also provide a stark reminder of the need to undertake strong partner diligence in renewable energy transactions.
Topics: Structured Transactions & Tax, Energy Finance, Renewable Energy
Co-authors Jim Wrathall and Van Hilderbrand
Topics: Energy Policy, Structured Transactions & Tax, Energy Finance, Solar Energy, Renewable Energy, Wind
Topics: Structured Transactions & Tax, Power Generation, Energy Finance, Distributed Energy, Solar Energy, Renewable Energy
Topics: Structured Transactions & Tax, Power Generation, Energy Finance, Hedging, Renewable Energy
As we stated yesterday in the first post in our series on hedging strategies for power contracts, one of the more popular hedging strategies is the Revenue Put Option.
Topics: Structured Transactions & Tax, Power Generation, Energy Finance, Hedging, Renewable Energy, Wind
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