The bill will now be reconciled with the House version, which does not contain the BEAT provision. SEIA says that it has four Senators who support “fixes”, but was not able to get a modification to the Senate bill.
Renewable energy trade groups have shown no indication that they will be able to stop a provision in the Senate tax bill which could curtail the benefit of wind and solar tax credits, as the legislation hurtles towards the deadline for the end of debate.
SEIA, ACORE and other groups are scrambling to get exemptions to the BEAT provision, a tax-regulation change that could make it difficult to monetize the ITC and PTC.
In this interview Keith Martin of Norton Rose Fulbright explains the details of the BEAT provision in the Senate tax bill, why it is there, and the threat it poses to monetization of the ITC.
Renewable energy trade organizations are scrambling to stop the BEAT provision, which could make it difficult to monetize the ITC and PTC, as the Senate’s tax bill hurtles towards a vote.
The yieldco is planning to replace $950 million in bonds due 2023 with $1 billion due up to 10 years from now, as its second major move this month to restructure its finances.
JA Solar has signed an agreement to cancel its listing on the NASDAQ stock exchange and go private in an all-cash transaction.
The company stands to make a pretty penny by getting out of TerraForm Power.
According to numbers crunched by GTM Research, Sunrun supplied a larger volume of solar leases and PPAs than SolarCity, and if current trajectories continue will have a larger presence in the residential market in 2018 if not sooner.
On the heels of its acquisition by Brookfield, the yieldco is putting its financial house in order.
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