Reducing the Cost of Capital for Renewables
Wednesday, November 20, 2013 from 8:00 AM to 9:00 AM (EST)
San Francisco, California
London, United Kingdom
CLE Available. Breakfast Provided.
John Rhodes, President, New York State Energy Research and Development Authority
Paul Francis, Distinguished Senior Fellow, NYU Guarini Center
Eli Katz, Partner, Chadbourne & Parke LLP
The primary mode of federal fiscal incentives for renewable power is through the Production and Investment Tax Credits. However, many renewable energy developers are not fully able to utilize these credits by themselves and so use tax equity to raise capital, thus increasing the cost of capital for their projects. There has been considerable discussion recently about using corporate structures (Real Estate Investment Trusts (REITs) and Master Limited Partnerships (MLPs)) that pay no federal tax as a way to decrease the cost, and increase the accessibility of capital for renewable projects.
This panel will examine these multiple possibilities for renewable finance and discuss which might be the most effective method to decrease the cost of capital.
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Frank J. Guarini Center on Environmental, Energy and Land Use Law
The Frank J. Guarini Center on Environmental, Energy and Land Use Law, a research institute at the New York University School of Law, works to advance policy-relevant inquiry and writing to develop and implement innovative market and regulatory solutions for environmental, climate and energy issues at the city, state, national, and global level.