The word on the street is that completion risk heading into the scheduled, dreaded investment tax credit (ITC) step down is already becoming an issue for solar developers. In short, there is a general fear on the part of market participants that solar projects currently in development won’t meet the IRS’s qualifications for being placed in service before the end of 2016, when the ITC is scheduled to decline from 30% to 10%. This would make many projects in the current environment economically unviable.
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Topics:
Energy Policy,
Structured Transactions & Tax,
Energy Finance,
Distributed Energy,
Solar Energy,
Renewable Energy
Our inability to provide enough skilled labor presents real and serious challenges to our ability to meet America’s energy demands over the coming decades. A Deloitte Survey from a few years ago put this in stark perspective with 70% of respondents from throughout the U.S. energy industry answering that given the current labor force, they would not be able to meet their future staffing needs. During 2014, the solar industry created jobs 20 times faster than the overall economy, and labor shortages were a consistent struggle in the boom times of shale oil production.
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Topics:
Energy Policy,
Energy Finance,
Renewable Energy
The Sullivan Energy Finance team recently hosted an event on New York’s Reforming the Energy Vision (REV) initiative. In particular, the panel participants, including former New York Public Service Commission Commissioner Bob Curry, Mike Pantelogianis of Investec, Sarah Carson Zemanick of Cornell University and Jay Worenklein of US Grid Company, focused on how deals will get done under the new framework.
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Topics:
Carbon Emissions,
NY REV,
Structured Transactions & Tax,
Energy Efficiency,
Power Generation,
Energy Finance,
Distributed Energy,
Energy Management,
Renewable Energy
In stark contrast to the Republican match up in September, energy and climate change related policy was freely discussed during the first Democratic presidential debate. For energy industry participants, the question becomes: how will climate policies affect the kinds of projects that get built and financed if a Democrat becomes President? The takeaway after surveying the positions of the candidates presented on Tuesday night is that Americans would be building a great deal of new energy infrastructure.
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Topics:
Carbon Emissions,
Energy Policy,
Energy Finance,
Distributed Energy,
Solar Energy,
Renewable Energy,
Wind,
Oil & Gas
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Topics:
Utilities,
Carbon Emissions,
Energy Policy,
Structured Transactions & Tax,
Energy Efficiency,
Power Generation,
Microgrid,
Energy Finance,
Legislation,
Distributed Energy,
Energy Management,
Renewable Energy
With some of the highest electricity prices in the United States, and mindful of the massive disruptions to its electric service caused by Hurricane Sandy, New York has undertaken a major reform of its electric utility industry. This reform begins with the New York Public Service Commission (NYPSC), which has recently issued a broad-scale initiative to change the way utility service is provided that may serve as an example nationwide. The reforms will radically alter the way electric utility services are provided and priced to customers.
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Topics:
Utilities,
NY REV,
Energy Policy,
Microgrid,
Energy Finance,
Distributed Energy,
Energy Management,
Solar Energy,
Renewable Energy
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