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Origis Energy has closed on $71 million in tax equity financing with U.S. Bancorp Impact Finance for its 75 MW Rice Creek Solar project in Putnam County, Fla.

The project is contracted with the Florida Municipal Power Agency (FMPA) for 12 of their participating member municipal utilities.

“U.S. Bank’s expertise and commitment to the renewable energy market is helping us realize our large solar portfolio” says Vikas Anand, CEO of Origis Energy.

“Rice Creek is another example of their support empowering us to scale effectively and bring clean energy projects online. We applaud FMPA for adding more cost-effective energy resources to meet the growing electricity demand of millions of Floridians, and U.S. Bank for supporting the project.”

Rice Creek is the third solar site in the Florida Municipal Solar Project. Origis Energy is the builder, owner and operator of the project. 

Latham & Watkins represented Origis Energy in the transaction, with Akerman serving as local counsel. Sheppard Mullin acted as U.S. Bank’s Counsel, with Balch & Bingham serving as local counsel.

The post Origis Energy Closes Financing for Rice Creek Solar appeared first on Solar Industry.

Origis Energy Closes Financing for Rice Creek Solar

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Renewable Energy

Respect for One’s Executioner

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This from Sartre.

Great parallel to modern-day Trump supporters, who love their leader while they pay $5 for a gallon of gasoline.

Respect for One’s Executioner

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Renewable Energy

New ACORE Resource Breaks Down the Complexities of Energy Tax Equity Structures  

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New ACORE Resource Breaks Down the Complexities of Energy Tax Equity Structures  

WASHINGTON, D.C. – A new report from ACORE presents survey data from leading investors about the performance of tax equity structures and how they continue to play a significant role in financing clean energy projects.  

For more than two decades, tax equity has provided a stable private financing mechanism and an important source of capital for new clean energy projects in the United States. The U.S. clean energy industry now attracts over $45 billion in tax credit investments annually, of which more than $20 billion is provided by banks through tax equity arrangements. The report provides an expert look into how tax equity financing transactions are structured and the risks and returns associated with these deals.

Key takeaways from the report include:

  • Overwhelmingly Positive Returns: An ACORE survey representing over 75% of the tax equity market showed that these investors typically receive a median 8.4% return on current investments.
  • Minimal Downside Risk: Risks associated with recapture, foreclosure, and bankruptcy have been exceptionally low for tax equity investors.  
  • Demand for Tax Equity Exceeds Supply: Tax equity is responsible for between one third and two thirds of a clean energy project’s overall financing, and about 45% of tax equity is provided by banks through tax equity arrangements. Demand for tax equity will accelerate as investors look to finance energy storage and other eligible technologies that continue to qualify for tax credits.

“This report reflects ACORE’s commitment to delivering solid, impartial insights from the entire span of the clean energy industry,” said Ray Long, President and CEO of ACORE. “Getting clean energy tax policy right is the key to ensuring the United States is ready to deliver the power needed for tomorrow’s economy.”

The Risk Profile of Tax Equity Investments: 2026 Edition, is available in full on the ACORE website.  

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About ACORE
ACORE is a nonpartisan nonprofit organization that operates at the intersection of affordability, reliability, and clean energy deployment. Our work is focused on stabilizing energy prices, strengthening the electric grid, and driving investment in cost-effective technologies to ensure that clean energy delivers for people, businesses, and the U.S. economy.

ACORE’s membership includes clean energy investors, developers, energy buyers, power generators, manufacturers, and energy providers. In 2024, nearly 80% of the booming utility-scale domestic clean energy growth was financed, developed, owned, equipped, or contracted by ACORE members. For more information, visit www.acore.org.  

Media Contacts:

Chris Higginbotham
higginbotham@acore.org

The post New ACORE Resource Breaks Down the Complexities of Energy Tax Equity Structures   appeared first on ACORE.

https://acore.org/news/new-acore-resource-breaks-down-the-complexities-of-energy-tax-equity-structures/

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Renewable Energy

An Economy that Works for Everyone

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Right-wingers, like the fellow shown here, tend to make broad and unfair generalizations about the left.

Progressives would like to see an economy that works for everyone, not just the uber-rich.  We want wealth creation for the people who need it most.

The best way to make this happen is strong, high-quality public education and universal healthcare.

These are not radical concepts; this is the way the vast majority of the developed world operates.

An Economy that Works for Everyone

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