12 Jan '18, 5pm

Tax Equity Investors Break Their Silence on Congressional Tax Bill

Tax Equity Investors Break Their Silence on Congressional Tax Bill

Tax equity investors have mostly kept quiet on how the Republican tax bill, which President Trump signed into law in December, may impact their participation in the clean energy market. During a Thursday webinar from law firm Norton Rose Fulbright, investors emphasized that the market remains in limbo. However, big financial entities are attaining more clarity about the future of tax equity, which makes up 40 to 50 percent of financing for solar projects and 50 to 60 percent for wind projects. “We’re in a moment of reset, and investors are evaluating their positions,” said Jack Cargas, managing director of renewable energy finance at Bank of America Merrill Lynch. “We haven’t really come down with a specific position. Part of the problem here, with all of this conversation, is there has been such a significant change in the marketplace.” That said, some of the biggest play...

Full article: https://www.greentechmedia.com/articles/read/tax-equity-i...

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