Project Finance Lawyer Offers Financing OutlookBy contactdesign
North American Windpower reported:
Investors in renewable energy may be excused for feeling flustered these days, in the wake of some dramatic pullback by European lenders, along with continued debate in Congress whether to extend tax credits for wind farms and other alternative fuel sources.
The Obama administration, hoping to reinvigorate the sector, is planning a major meeting on March 13 to deliver a pitch to the country’s largest companies about the benefits of tax-equity deals for renewable projects.
Allan Marks, partner at Milbank, Tweed Hadley & McCloy, says now might be a good time for a renewables reality check.
“On the one hand,” Marks says, “it’s tempting to look beyond this year and say, ‘Talk to me in 2013. Let’s see how things shake out after the presidential election, and hopefully after global markets have settled in the wake of the European debt crisis, and perhaps with the U.S. economy driving more demand for renewables.’”
Still, there are some near-term bright spots…
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