Climate Changed
How Trump's Tax Plan Made It Harder to Finance Renewables
- At least $3 billion of tax-equity investments on hold
- PosiGen ‘just lost $100 million in tax equity last week’
Photographer: Yuzuru Yoshikawa/Bloomberg
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PosiGen Inc. was close to finalizing terms on a $100 million financing deal. Then Congress passed President Donald Trump’s tax-reform plan.
“We just lost $100 million in tax equity last week,” Thomas Neyhart, chief executive officer of the Louisiana rooftop solar installer, said in an interview. “Of course, they let us go because we’re relatively small.” He declined to identify the prospective U.S. investor.