The energy sector is currently undergoing seismic change and with that change comes tremendous opportunity. You will find below our energy video series, which features nationally recognized Troutman Pepper partners as they discuss a vast array of unique and complex challenges that face the energy industry.
Christine Byrnes & Anne LoomisTax Issues for Co-location of Energy Storage with Solar or Wind
Christine Byrnes & Anne Loomis
Tax Issues for Co-location of Energy Storage with Solar or WindThe Inflation Reduction Act (IRA) changed the game when it comes to battery storage and its qualifications for investment tax credits (ITC). Partners Christine Byrnes and Anne Loomis discuss the eligibility of energy storage for ITC, as well as the rules that apply to co-locating energy storage with other energy property or qualified facilities. Whether transferring tax credits or claiming adders, how can tax equity investors benefit this year?
Battery storage and ITC eligibility
How has the market reacted to the ITC for energy storage technology?
Can solar take PTC and co-located storage take ITC? Do the same rules apply to tech-neutral ITC’s?
Craig Kline & Adam Kobos
Value Creation in the Transferable Tax MarketThe availability of transferable tax credits brings opportunities for an investor to reduce tax burden, while also facilitating investments in renewables. How can dealmakers best unlock the potential value that awaits, while also ensuring that risks are minimized?
Renewables & investors and transferrable tax credits
IRS uncertainty and the effect on the tax credit market
Risk of eligibility for tax on the seller of the tax credit
How much diligence does a transferee need to do?
Will there be direct tax equity after direct pay and transferability?
Monetizing 10-year PTC’s – what does that look like for an investor?
At what point in time do you start valuing the transferred tax credit?
Will we see markets that buyers and sellers can access? / Can you break up your tax credit and sell it to multiple buyers?
Construction loans & bridge loans – will there be an equivalent in transferrable tax credits?
Anne Loomis & John Leonti
Optimizing Investments in Energy StorageGreater flexibility in deal structuring, and the ability to sell tax credits, are two of several new options for project sponsors and investors presented by the Inflation Reduction Act. In this video, Partners Anne Loomis and John Leonti offer insights into the various ways investors and sponsors can leverage these and other opportunities.
Tax equity for storage vs. for generation
Dan Anziska & Vaughn Morrison
The State of Energy Storage: What You Need to KnowFrom supply chain management to the incentives presented by the Inflation Reduction Act, developers and manufacturers face a constellation of issues. In this video, Troutman Pepper Partners Dan Anziska and Vaughan Morrison explore the current state of the energy storage market, and offer strategies and predictions for 2024 and beyond.
Current state of the global supply chain and building out the domestic supply chain
The benefits of the Inflation Reduction Act (IRA) on energy storage and manufacturing
The opportunities under the IRA for domestic suppliers
The Uyghur Forced Labor Prevention Act (UFLPA), developers, and risk allocation
Grants and loans granted to domestic battery supply chain manufacturers, and the need for onshore raw materials extraction
Department of Energy (DOE) expectations for the DOE grant process
Vaughn Morrison & John Leonti
Monetizing Opportunities in Energy Storage in a Post-IRA WorldThe Inﬂation Reduction Act has ushered in a variety of new products, opportunities, and potential investors. Troutman Pepper Partners Vaughn Morrison and John Leonti discuss the opportunities and challenges that accompany an Investment Tax Credit for storage, including offtake strategies required to render standalone storage financeable by conventional tax equity investors and the pros and cons of pursuing the IRA’s new ITC transfer option in lieu of tax equity.
Leading the Energy Evolution
From navigating unexpected challenges to evaluating new opportunities, our capabilities help market leaders and innovators succeed.We help all industry participants – including independent power producers, banks, utilities, private equity funds, and large corporations in every power market across the U.S. Our 150+ lawyers understand what it takes to bring cutting-edge solutions to market, well ahead of the curve.