Climate Changed
A $12 Billion Clean-Energy Tool That U.S. Tax Reform Could Kill
- Senate plan would stifle tax-equity investments in wind, solar
- Minimum tax ‘literally will grind our industry to a halt’
Fighting Climate Change, Without the U.S.
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The tax-reform proposal moving through the U.S. Senate would hobble -- and potentially cripple -- the supply of tax-equity investment, an esoteric but critical source of clean-energy finance.
About half the companies that invest in tax equity for solar farms, and a majority of wind investors, may find the new tax policies make these deals irrelevant, according to John Marciano, co-head of project finance at Akin Gump Strauss Hauer & Feld LLP.