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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Energy

Date & Time
  • event Date

    Thursday, October 10, 2024

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    90 minutes

Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.

$347.00
CLE
ALL

This CLE course will provide energy and finance counsel with a briefing on certain critical legal, tax, and financing issues in wind, solar, and battery storage projects. The panel will also review avenues to obtain financing for the project and leverage existing tax incentives.

Faculty

David K. Burton
Partner
Norton Rose Fulbright, LLP

Mr. Burton advises clients on a wide range of U.S. tax matters, with a particular emphasis on project finance and energy transactions. In addition, he also advises clients on tax matters regarding the formation and structuring of domestic and offshore investment funds. He has extensive experience structuring tax-driven vehicles, such as sale-leasebacks, flip partnerships, inverted leases and other structures, for the acquisition and financing of renewable energy assets.

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Rebecca Abou-Chedid
Partner
Norton Rose Fulbright, LLP

Ms. Abou-Chedid's practice focuses on the representation of public and private entities in domestic and international project finance and energy projects.

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Description

Wind, solar, and battery storage projects are complex transactions involving assessing available incentives and resolving unique issues arising from the acquisition, construction, and financing of such projects. In addition, project sponsors are increasingly seeking to obtain construction and tax equity bridge financing for such projects to take advantage of available tax incentives and benefits, including provisions introduced under the Inflation Reduction Act that reinstated the production tax credit for solar facilities, extended the investment tax credit, modified credit qualification requirements and amounts, and established the ability to transfer credits or elect a direct pay option.

Counsel must ensure that such bridge financing structures address change of control, collateral, sponsor credit support, and other financing issues. Counsel must also prepare for specific contract pitfalls, especially those that require top-level client approval or long lead times and keep apprised of the relevant tax regulations impacting the corporate structure and construction schedule for such projects.

Listen as our panel of authoritative practitioners provides their unique perspectives, overview, and analysis on the tax incentives, documentation, and financing issues for wind, solar, and battery storage projects.

Outline

  1. Review of common ownership and bridge financing structures and documentation
  2. Overview of tax incentives and benefits available for wind, solar, and battery storage projects, including extensions and changes introduced in the Inflation Reduction Act
  3. Change of control, collateral, sponsor credit support, and other financing issues
  4. Contract issues arising in connection with wind, solar, and battery storage projects

Benefits

The panel will review these and other key issues:

  • How are construction and tax equity bridge financings structured for wind, solar, and battery storage projects?
  • What are the unique issues in negotiating and structuring such financings?
  • How do various contract terms and deal issues affect financing and tax incentives?
  • What impact has the Inflation Reduction Act had on available tax incentives and benefits for such projects?