Overview
On February 14, McDermott partner, Seth Doughty, will be moderating the panel “Financing Projects in ERCOT in the Post-IRA Era” at the ERCOT Market Summit.
Uri fundamentally changed the project finance market in ERCOT, and the Inflation Reduction Act tax provisions are likely to have even more profound effects. The project terms that sponsors, equity investors, tax equity and lenders are seeking are extremely different now.
This panel will examine what makes a project financeable in the market today, including:
- Where is the capital flowing? How are IRA incentives helping various types of projects pencil out?
- What changes can be expected in the tax equity market?
- What impacts are the new transferability provisions in the Act having on financial structures?
- Where does the transferability market for tax equity stand today?
- Will financiers have an increased appetite for standalone storage projects?
- Will standalone storage projects in ERCOT have difficulties penciling out for construction loans?
- Are balance concentration issues affecting lender appetite?
- Are changes in credit structures being seen as a result of the changing tenor of offtake agreements?
Register for the ERCOT Market Summit or get more details about the event.