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Ep47: Cost of Capital: 2019 Outlook
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It is the start of a new year. Interest rates are headed up in the broader market. Economists are split on where the US and global economies are headed. Share prices on world bourses took a beating...

Webinar | Cost of Capital: 2019 Outlook
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Ep46: Solar Revenue Put: One Year Later
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In Episode 23, Richard Matsui of kWh Analytics sat down with us to explain the solar revenue put. One year later, he joins us again...

DOE issues three rulings favorable to LNG exporters
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The US Department of Energy (DOE) has issued a policy statement, a blanket order and a proposed interpretive rule relieving some of the reporting requirements for liquefied natural gas (LNG) exporters.

How PG&E financial stress is affecting projects
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The stock of Pacific Gas and Electric Company’s public traded parent, PG&E Corporation, took a beating in the market during the wildfires this fall, but recovered some of its value...

New bipartisan bills aim to regulate and promote blockchain and cryptocurrencies
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In a sign of the increasing maturity of the blockchain industry and its potential significance to the American economy, two bipartisan bills were introduced in the House of Representatives last week aimed

Prepaid power contracts
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Prepaid power contracts are harder to make work after the US tax reforms last December.

US installed wind capacity
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US installed wind capacity stood at 90,550 megawatts at the end of the third quarter 2018, according to the American Wind Energy Association.

New gas-fired power plants
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New gas-fired power plants are expected to eclipse wind and solar installations this year.

US solar installations
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US solar installations dipped 15% in the third quarter 2018.

Interest and property taxes
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Interest and property taxes must sometimes be capitalized rather than deducted.

California
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California will decide next year whether to conform to the tax changes the federal government made in late 2017.

US tariffs
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US tariffs are causing some types of Chinese imports to surge.

Environmental update
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The meaning of “critical habitat” and the scope of protection offered by the Endangered Species Act are being hotly litigated in the appellate courts, with potentially significant implications for developers.

Mitigating weather risk in existing offtake contracts
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Project sponsors and corporate electricity purchasers are entering into two new types of arrangements to mitigate risk in existing offtake contracts.

California CCA outlook
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Representatives of three California CCAs talked at an American Wind Energy Association finance conference in San Francisco in October about their needs for additional power and some of the challenges they face.

Current issues in community solar projects
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Three community solar developers and one aggregator of community solar customers talked at the Infocast Community Solar 2.0 conference about the how the basic business model is evolving and current issues.

Buying assets from financially distressed sellers
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When a developer that has sold assets later files for bankruptcy, many of its transactions that it engaged in during the time leading up to its bankruptcy filing will be scrutinized in the bankruptcy case.

Cap on interest deductions explained
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The Internal Revenue Service filled in detail in late November about how a new cap works on the interest expense that a company can deduct each year.

State of the wind industry
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Panelists had a wide-ranging conversation in San Francisco in October about the state of the US wind industry.

Effects of the US mid-term elections on the US power sector
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A group of veteran Washington insiders talked three days after the election about what the results mean for the US power sector, particularly renewable energy.

Uncertainty in Mexico as new president takes office
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Many people have been asking since Andrés Manuel López Obrador took office as Mexican president in early December what this means for the power and infrastructure sectors in the country.

California utilities issue bonds to extinguish wildfire woes
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CFTC Subcommittee to report on LIBOR Reform
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This week, the Commodity Futures Trading Commission (“CFTC”) announced the members of the Interest Rate Benchmark Reform Subcommittee (“Benchmark Reform Subcommittee”)...

California offshore wind
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The Bureau of Ocean Energy Management (“BOEM”) is accepting comments until January 27, 2019 to its call for information and nominations for commercial wind leases off of the coast of California...

Ep45: Potential Impacts from Wildfires on PG&E and Other California IOUs
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Bob Shapiro joins us to discuss potential wildfire impacts on PG&E, including potential impacts to PG&E's counterparties. We dive into the relationship between the California legislature and...

New Jersey offshore wind
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The New Jersey Board of Public Utilities (“BPU”) is now soliciting applications for the development of up to 1,100 MW of offshore wind energy generation, the nation’s largest single-state solicitation...

Massachusetts offshore wind lease auction
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The Bureau of Ocean Energy Management (“BOEM”) will be auctioning about 390,000 acres of offshore wind lease areas on December 13, 2018 off of the shore of Massachusetts...

Ep44: Post-Election Assessment: US Power Sector
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Listen to a discussion among Keith Martin and five veteran Washington lobbyists and power company office heads about how the US mid-term election results are likely to affect the power...

Ep43: A Master Class on Ratings for Projects
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Greg Remec, Senior Director with Fitch Ratings, joins us to give a master class on ratings for projects, discussing what goes into a rating, how the different players affect the grade and more.

Webinar: Post-Mid-term Election Assessment: US Power Sector
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Ep42: Title Insurance for Projects
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Scott Bank of First American Insurance sat down to discuss all things title insurance.

How safe are corporate PPAs?
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Bankruptcy analysis has become a central part of due diligence on renewable and other power projects as project developers rely more frequently on corporate PPAs as a source of revenue for their projects.

Prosecuting foreigners under the FCPA
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The Foreign Corrupt Practices Act may not be used to prosecute an individual with no ties to the United States.

Landfill gas tax credits disallowed
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Landfill gas tax credits were denied.

Repatriated profits go to share buybacks
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Repatriated profits are being used mainly for share buybacks and debt repayments.

Cryptocurrency issues
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Cryptocurrency use risks triggering unwanted tax consequences.

Zero emissions credits
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Zero emissions credits were upheld — again.

Solar transactions land in court
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Three solar transactions landed in court.

Flood of US wind projects ahead
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A flood of US wind projects should come to market over the next two years.

Solar fair market values
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Reported fair market values for solar projects are continuing to decline.

China tariffs set to ramp up
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US tariffs on many Chinese imports will increase automatically on January 1, unless any meeting between the US and Chinese presidents on the sidelines of the G-20 summit in Argentina in late November.

Environmental update
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California became one of two US states in September to require all electricity supplied in the state to come from renewable or other carbon-free sources.

California update
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Two new laws enacted in September will have a major effect on the California energy market.

Construction stopped despite having permits
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Two courts stopped construction of natural gas pipelines in the last few months due to problems with permits.

PACE securitizations
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Securitizations are becoming a more common technique to raise low-cost debt for energy projects.

Financing storage and EV infrastructure
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Battery storage, electric vehicle infrastructure, community solar, micro-grids and fuel cells are emerging markets on which lenders like Investec are focused as potential growth areas.

Special US tax rate for pass-through income
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Individuals have to pay US income taxes on only roughly 80% of the income they receive from partnerships, S corporations and other pass-through entities.

Representations and warranties insurance
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A representations and warranties insurance policy, or RWI, is insurance that covers the losses that arise from a breach by the seller of its representations and warranties in an acquisition agreement.

California settles CCA exit charges
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The California Public Utilities Commission issued a highly-anticipated decision in October revising the formula for calculating exit fees that the three investor-owned utilities in California can charge.

Ep41: M&A Due Diligence
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Ken Elser of DNV GL joins us to discuss when a company contemplating an M&A transaction should approach an independent engineer and more.

Two Appellate Courts Uphold ZEC Programs for Nuclear Plants in Illinois and New York
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The United States Court of Appeals for the Seventh Circuit and for the Second Circuit each upheld a state's creation of a rate subsidization plan to keep operating nuclear plants economically afloat...

Ep40: Emerging Energy Infrastructure Opportunities
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Ren Plastina of Investec joins us to talk about energy storage and electric vehicles and how to be a first mover in both markets.

Ep39: Interview with an Industry Veteran: Steven Greenwald
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Steven Greenwald, senior advisor and former head of project finance with Credit Suisse, reflects on a rich 39-year history in the project finance industry.

FERC Works to Speed Up LNG Reviews
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In the past, it has taken years for the Federal Energy Regulatory Commission (FERC) to issue decisions on whether or not to authorize onshore LNG facilities...

Ep38: The Future of Energy Storage
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Michael Kleinberg, head of distributed energy resources and energy storage at DNV GL, joins us to talk all things energy storage. He shares an update on current technology trends of lithium ion...

Ep37: Legal Perspective: Representations and Warranties Insurance
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The representations and warranties insurance (RWI) market is growing rapidly as the insurance expands in scope to cover more types of transactions...

ISO New England Adds Fuel Security to Tariff as a Reason to Extend Operation of Gas Units
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Due to concerns about fuel security, ISO-NE proposed tariff revisions to induce a large gas-fired generator to continue to operate rather than retire its unit for economic reasons...

Ep36: US to Review More Inbound Investments
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Amanda Rosenberg tells what the major changes are in a new law this month that gives CFIUS broader power to set aside inbound US investments and how they will affect the energy industry...

CFIUS: Expanded Authority
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The US government now has expanded authority to review inbound investments. President Trump signed the law expanding the powers of CFIUS. CFIUS stands for the Committee on Foreign Investment in the United...

American Indians and income taxes
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American Indians are not subject to US income taxes on gravel mined on the reservation, a federal district court said in late July.

Golan: Individuals successfully claim ITC
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Solar tax benefits were allowed to two individuals on three rooftop solar installations after the IRS made a mistake.

Electric coops and tax reform
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Electric cooperatives are concerned that they will lose their federal income tax exemptions because of the tax reforms that were enacted last December.

FERC modifies MLP tax policies
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Gas pipelines got a break from the Federal Energy Regulatory Commission.

California CCA data
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Community choice aggregators in California bought 57.1% more electricity from wholesale suppliers in the first quarter of 2018 compared to the same period in 2017.

Solar panel prices
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Solar panel prices are expected to fall 34% by year end to a global average of 24.4¢ a watt, according to Bloomberg New Energy Finance.

Wind construction start rules criticized
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The construction-start rules for wind farms are under attack from the coal lobby.

US solar capacity
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US installed solar capacity was 55,900 megawatts at the end of the first quarter 2018.

US wind capacity
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US installed wind capacity was 90,004 megawatts at the end of June.

Cryptocurrencies and taxes
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The IRS launched a new taxpayer compliance campaign aimed at cryptocurrencies on July 2.

Carbon taxes inch ahead
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Carbon taxes remain in the spotlight, although only dimly so.

US import tariffs remain a challenge
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The US started collecting a 25% tariff on July 6 on a list of Chinese goods that accounted for $34 billion in imports last year.

Physical presence: Wayfair
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A physical presence is no longer required for companies making sales to have to collect sales taxes, the US Supreme Court said in late June.

Tax basis issues: Alta Wind
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Tax basis issues remain largely unresolved after a US appeals court decision in late July in a closely-watched case involving Alta Wind.

Environmental update
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The Trump administration announced in August to roll back Obama-era automobile emissions and fuel efficiency standards and revoke the long-standing authority of states to impose stricter standards.

California update
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Two bills have been proposed in the California legislature that could affect renewable energy companies in California: SB 100 in the state senate and AB 813 in the state assembly.

Opportunity: electric vehicle charging infrastructure
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Various car manufacturers have announced dramatic increases in electric vehicle production in response to domestic and international pressure to electrify the transportation sector.

More new trends
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Four industry veterans talked about new trends in financing renewable energy projects at the 15th annual ACORE/Euromoney REFF-Wall Street conference in New York.

Energy storage gains ground
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Four prime movers in the push to install batteries talked about where installation of batteries already makes economic sense and what is driving current adoption.

The cloud over future PJM capacity auctions
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PJM proposed and the Federal Energy Regulatory Commission rejected a plan to change the way PJM runs auctions to buy capacity.

Solar construction-start guidelines
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Solar developers got long-awaited guidance from the Internal Revenue Service today about what must be done on future projects to be considered under construction in time to qualify for federal tax credits.

Blockchain comes into view
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Four blockchain pioneers talked at the 29th annual global energy and finance conference in June about what blockchain means for the power sector.

Suffering from lack of transmission
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Four panelists talked about the growing problems in this area at the 29th annual global energy and finance conference in June.

Depreciation bonus questions answered
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Depreciation bonus regulations that the IRS issued on August 3 answer a number of questions that have been coming up this year in M&A and tax equity transactions.

Turkey eyes offshore wind
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The Turkish Ministry of Energy launched a tender for the country’s first offshore wind power plant on June 21. The deadline for bid submissions is October 23.

What next after Ontario cancels power contracts?
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Recent headlines have captured the decision of the newly elected Ontario provincial government to cancel more than 700 renewable energy contracts in the province.

The hunt for PPAs
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Three prominent wind developers and the head of electricity procurement for a utility talked about lessons from recent utility procurements, corporate PPAs and hedges.

New trends
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The session this year was a wide-ranging discussion about new trends in the market with the investment banker or banker equivalent of a panel of journalists on the Sunday morning talk shows.

US to review more inbound investments
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Congress passed legislation in early August that will subject more in-bound US investments to review by CFIUS. The President is expected to sign the law.

New York Launches Framework for First Phase of Offshore Wind Procurement
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The New York Public Service Commission issued an order in July to establish the framework for the first phase of procuring 2,400 MW of offshore wind energy by the year 2030. The New York State Energy...

Ep35: PACE Securitization Overview
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Listen in as Patrick Dolan offers a general overview of securitization and then dives specifically into the niche market of property assessed clean energy (PACE) bonds...

Ep34: Legal Perspective: Back-leverage Loans
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Jim Berger discusses back-leveraged loans from a legal perspective, going over the big picture of project structures as well as the most negotiated points in these transactions, the breakdown of...

DOE Expedites Approval Process for Certain Small-Scale Exports of LNG
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The Department of Energy (DOE) finalized a rule to expedite approvals for small-scale exports of liquefied natural gas (LNG) to countries with which the United States does not have a free-trade agreement (non-F

Ep33: IPPs, PPAs and Chapter 11
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Bankruptcy lawyer Howard Seife sits down to talk about what happens when a power purchaser files for bankruptcy, using the recent Chapter 11 filing by First Energy Solutions as a case study...

Ep32: Capital Dynamics' View on the Solar Market
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We sat down with Benoit Allehaut, director on the clean energy infrastructure team at Capital Dynamics, fresh off the heels of its acquisition and privatization of 8point3 Energy...

Ep31: CFIUS: A Closer Look
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Join us as we take a closer look at CFIUS, the Committee on Foreign Investment in the United States. The committee is charged with reviewing transactions in which a foreign person will gain control...

Ep30: New York: Renewable Energy Incubator
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Alicia Barton, president and CEO of NYSERDA, talks about New York’s 50% renewable energy by 2030 plan, its goals for the offshore wind market and its stance on energy storage.

Ep29: Increasing Regulatory Headwinds
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Keith Martin joins Todd Alexander to talk about the likely outcome of DOE efforts to halt coal and nuclear power plant retirements, how the growing number of US import tariffs is affecting the market...

IRS issues solar construction-start guidance: Notice 2018-59
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Solar developers got long-awaited guidance from the Internal Revenue Service today about what must be done on future projects to be considered under construction in time to qualify for federal tax credits.

Ep28: The M&A Landscape
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Todd Alexander discusses the M&A landscape, macro trends in the market, valuations, assumptions, natural owners and more with industry veteran Ted Brandt of Marathon Capital.