Overview
Partner Heather Cooper will speak at Infocast’s Clean Energy Investment Summit taking place October 8-9, 2024. She will speak on the panel, “Implications of Tax equity & Transferability Markets: Certainty & Risks,” on day one of the conference.
One of the biggest uncertainties in clean energy investment today is a lack of clarity about IRA rules. There’s a lot of noise in the market, stalling some projects. At the same time, the transferability market is growing faster than expected. How are investors operating as rules continue to be clarified, and how are both traditional tax equity (TE) and transfer deals looking today? In this session top TE experts will discuss the ins and outs of the TE and transfer markets, highlighting how recent changes are affecting revenue streams of clean energy infrastructure deals, and how valuation is happening on the project, portfolio, and platform level.
- What’s the size of both the traditional TE and transfer markets today? What are TE investors expecting in terms of returns in today’s economy? How are credits affecting valuations
- How do TE investors see emerging assets? Are t-flips and other structures creating more opportunities for more types of deals, and what deal trends are emerging?
- Word of the day: Transferability. What assets are benefitting the most from these deals now, and how is this likely to shift as the market matures?
- Is transferability the gateway drug for corporates interested in TE, and what structures, prices, and diligence are being seen in transfer deals? What risks are sticking points?
- IRS guidance: What questions remain, and how are deals adapting? Is domestic content a worry? What’s happening with 45V? How aggressive is 48C? What’s the timeline on clarity for this? Are direct pay deals happening, where and with what technologies?
