The credit ratings agency says that despite moves by the Trump Administration, the increasing competitiveness and predictable output of renewable energy still makes it a good bet.
In this interview, ACORE CEO Greg Wetstone gives insights into the political mobilizations to stop the BEAT provision and other changes to the tax bill that could impact renewable energy investment.
The cash infusion comes at a time when community and commercial solar projects need the money, and more states are looking to expand such programs.
In this interview with pv magazine, Gregory Jenner of Stoel Rives explains how he expects the BEAT provision to affect solar and wind finance – and what can still be done about it.
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.
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