Holland & Hart’s Billi McCullough was quoted in a Law360 article titled “Project Finance Roads Led To Clean Energy in 2019,” published online December 9, 2019.
Investment dollars continued to stream into clean energy projects in 2019, with developers and investors eager to cash in on the full value of federal renewable energy tax credits, as well as build large-scale energy storage.
The federal production tax credit primarily used by wind developers is scheduled to expire in 2020, while the investment tax credit primarily used by solar developers will start decreasing in value in 2020. Both credits require project developers to begin construction by the end of this year to be eligible to collect the credits' current full value.
"For sure, it certainly has had an impact on the volume we're seeing," said Holland & Hart LLP partner Billi McCullough, who frequently represents renewable project developers. "People are scrambling to get projects safe harbored by the end of the year."
To read the full article online, click here.