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.
While there were many good indicators at ACORE’s 14th REFF Wall Street conference, there are worries around the Suniva Section 201 trade case.
The U.S. residential PV company has boosted its tax equity coffers, and will use the funds to deploy 70 MW of residential PV capacity in the United States.
The deal with USBCDC will enable an estimated $200 million worth of solar, and brings Sunnova to over $1.5 billion raised to date.
This combination of tax equity and debt financing will support 339 MW of solar capacity in Southern California, for a total of $2.32 per watt.
The company describes the loan as an alternative to bond securitization for its residential solar projects.
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