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Christopher Gladbach counsels clients in energy M&A, project development, tax equity and project finance transactions. Chris works with energy clients in structuring complex equity and debt investments, advises both buyers and sellers in the power sector in mergers and acquisitions, and joint ventures, and on the development of large-scale energy projects. He assists his clients in mitigating and allocating risk associated with these transactions in conjunction with achieving their primary business and financial objectives. Read more.
Five Takeaways: Utility Acquisition of Renewable Projects – A Discussion of the Legal and Tax Issues Regarding Utilities, Developers and Tax Equity
By Heather Cooper, Carl J. Fleming, Christopher Gladbach, Debra A. Harrison, Joel A. Hugenberger, Philip Tingle and Edward Zaelke on Dec 4, 2020
Posted In Power Markets, Project Development and Finance, Renewables, Tax
Increasingly, utilities are replacing older generation fleets with more cost-effective generation technologies. Renewables are cost-competitive alternatives in this effort for a number of reasons, including the current tax incentives. A utility’s acquisition of a renewable asset presents many issues not otherwise present in a non-utility acquisition, particularly if the utility intends to include its investment...
By Christopher Gladbach and Seth B. Doughty on Nov 4, 2020
Posted In Articles, Power Markets, Project Development and Finance, Renewables
In the United States, despite the continued spread of COVID-19 and the uneven approach to reopening, where that is even occurring, deals in the renewable energy sector are happening. In a recent article for Project Finance International, Chris Gladbach and Seth Doughty discussed the state of the US market for renewable power projects, including how...
By Christopher Gladbach, Edward Zaelke and Andrew Kim on Sep 18, 2020
Posted In Power Markets, Renewables
McDermott hosted James McGinnis, managing director at PJ Solomon, and Salvo Vitale, country manager at US Wind, on September 17 for an interactive discussion on the US offshore wind market. Below are key takeaways from this week’s webinar. 1. The challenges facing the US offshore wind industry are similar to challenges that are faced with...
New York Announces One of the World’s Largest Procurements for Offshore Wind and Onshore Renewable Energy Projects.
By Christopher Gladbach, Jacob Hollinger, Joel A. Hugenberger, Shashank Krishna and Seth B. Doughty on Jul 24, 2020
Posted In Environmental, Project Development and Finance, Renewables
On July 21, 2020, New York Governor Andrew Cuomo announced the largest combined clean energy solicitation ever issued in the United States, seeking up to 4 GW of renewable capacity. This capacity is broken up into 2500 MW of offshore wind and 1500 MW of onshore large-scale renewable energy projects. Access the full article.
Five Takeaways: What’s New in Energy Private Equity? Trends and Developments in a Shifting Investment Landscape
By Edward Zaelke, Christopher Gladbach and Seth B. Doughty on Jun 26, 2020
Posted In Power Markets
McDermott recently hosted Andrew Ellenbogen of EIG Partners and Jeff Hunter of Apollo Global Management for a lively discussion about the trends and developments in today’s shifting investment landscape. Below are key takeaways from this week’s webinar. 1. The most impactful changes in energy investment over the last decade have been the drop in natural...
By Edward Zaelke, Christopher Gladbach and Seth B. Doughty on May 15, 2020
Posted In Renewables, U.S. Congress
On Thursday May 14, McDermott was joined by Gregory Wetstone, president and chief executive officer of the American Council on Renewable Energy (ACORE) to discuss the latest market updates on the severe disruption and uncertainty brought on the renewables industry by COVID-19. Five takeaways from this week’s webinar: 1. There is no clear insight yet into...
President Trump’s Executive Order on US Bulk Power System Electric Equipment: Questions and Analysis
By Carl J. Fleming, Christopher Gladbach, David Levine, David G. Tewksbury, Edward Zaelke, Joel A. Hugenberger, Neil Levy and Raymond Paretzky on May 4, 2020
Posted In Power Markets, Renewables
President Trump’s May 1, 2020, Executive Order prohibiting certain transactions involving bulk-power system electric equipment developed, manufactured or supplied by a foreign adversary could have far-reaching implications for both the renewable and conventional power industries. The breadth of the Executive Order raises key questions and concerns for sponsors and developers of energy projects, construction contractors...