Partner Keith Phillis Discusses Current State of Renewable Energy Projects

With the 10-year extension of the Investment Tax Credit pursuant to the Inflation Reduction Act, and the exponential growth in climate tech over the last five years, it is clear that there is a market to construct renewable energy projects, and many of DarrowEverett’s clients are taking advantage. But even with the availability of these federal tax credits, questions surround the adder components that could make renewable projects even more lucrative.

If you need help making sense of the current landscape, our Energy & Infrastructure Practice Chair Keith Phillis provides just that in this interview published by citybiz. Among the questions covered include:

  • How are the current interest rate markets affecting renewable energy project finance?
  • What complications do you see with obtaining the new Investment Tax Credit adders for renewable projects?
  • With the new Investment Tax Credit created by the Inflation Reduction Act, have there been any issues with regulatory implementation?
  • Given policy implications of the Inflation Reduction Act, what do you envision as the future for domestic manufacturing of Renewable Energy technologies?
  • How has transferability of Investment Tax Credits affected project development and finance?
  • What regulatory issues do you see with the increased development of standalone energy storage projects?
  • Other than compliance with utility and tax regulations, what other compliance issues do you typically see developers and asset owners struggling with?

For a sampling of how we’ve helped clients in the renewable energy space, check out this list of recent matters.