Reducing the Cost of Capital for Renewables: Tax Credits, MLPs, REITs and others
Wednesday, November 20th: 8:00 – 9:00 am
New York University School of Law
Faculty Club, D’Agostino Hall
108 W 3rd St.
New York, NY
CLE Available. Breakfast Provided.
John Rhodes, President, New York State Energy Research and Development Authority
Eli Katz, Partner, Chadbourne & Park LLP
Moderated by Paul Francis, Distinguished Senior Fellow, NYU Guarini Center
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.