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 in rate base. In our webinar, we discussed the legal and tax issues associated with renewable energy transactions based on our experience representing both utilities and developers. Below are key takeaways from this week's webinar: 2021 will bring an increase for the renewable energy industry, despite the effect COVID-19 has had on the market. Some issues to consider when creating a tax equity structure that involves a utility are: regulatory investment limitations, related party and normalization considerations. Utility build-transfer agreements...

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