Corporate PPAs were down almost half from forecasts and down almost a third from the year before.
Production tax credits are applied to more than wind
Production tax credits for wind, geothermal, and closed-loop biomass projects will increase slightly in 2017 from 2016 levels, the Internal Revenue Service said in late May.
What does it take to develop the U.S. offshore wind industry?
So what is new is we starting to benefit from economies of scale for the offshore market. The regulatory regime is falling into place.
Renewable energy after the U.S. elections
President-elect Donald Trump said three things during the campaign about energy, but did not mention renewable energy.
Chadbourne’s Keith Martin tracks trends in tax equity
Three tax equity investors and the lawyer who handles energy issues on the elite tax policy staff at the US Department of the Treasury talked at the annual ACORE/Euromoney Wall Street Renewable Energy Finance Forum in New York in late June about new trends and current issues in the tax equity market.
Corporate PPAs buy 1,350 MW. Are utilities missing the picture?
Utilities are working to squash net metering, but missing the larger picture. Seventy-five percent of the 1,800 MW of new power purchase agreements signed by wind companies in the United States in Q4 2015 were directly with large corporate offtakers.
IRS issues more construction-start guidance
The IRS says that developers will have four years after construction-start to complete a new wind farm or other renewable-energy project and qualify for federal tax credits.
Wind tax equity update
This article is from the Project Finance NewsWire from Chadbourne Parke LLP newsletter, authored Keith Martin in Washington. Two chief financial officers of major U.S. wind companies and three leading tax-equity investors talked in mid-October about how much tax equity can be raised on wind farms, current yields, the effect that low capacity factors and…
Lessons from U.S. offshore wind projects to date
This article comes from the Chadbourne & Park newsletter and is authored by Keith Martin, who is based in Washington. A number of lessons emerge from the offshore wind projects that have been attempted to date in the United States. Deepwater Wind has a $290 million, 30-MW project under construction in the Atlantic ocean three…
More U.S. loan guarantees for distributed generation
Editor’s note: This article comes from the Project Finance News Wire published by Chadbourne & Parke LLP, and authored by Washington-based Kenneth Hansen. For the full news letter, pick here. Another $1 billion in federal loan guarantees will be made available for distributed energy projects, such as micro-grids and rooftop solar with batteries, President Obama…
Electrical power contracts with the U.S. military
This article comes from law firm Chadbourne & Parke LLP. The U.S. Army has embarked on a program to enter into $7 billion worth of long-term contracts to buy renewable energy for U.S. Army bases. The other service branches have similar programs. There are special challenges when trying to finance a power project that sells…