Tax Incentives 2023: Optimizing Post-IRA Opportunities

Ever.green

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Ever.green is accelerating the clean energy transition by opening the door for new sources of capital from transferable tax credits and high-impact Renewable Energy Certificates (RECs). The Ever.green marketplace makes it possible for businesses of all sizes to support new clean energy projects by purchasing tax credits that offer a financial return and/or committing to forward contracts for high-impact RECs that help stand up new projects. Ever.green reduces the complexity of clean energy tax credits for sellers and buyers. Through their strategic collaboration with leading advisory CPA firm Baker Tilly US, Ever.green provides streamlined due diligence, filing, and compliance-monitoring services to reduce risks and maximize efficiency for all parties

Norton Rose Fulbright US LLP

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Chadbourne & Parke and Norton Rose Fulbright merged on June 30 to make a combined firm with 4,000 lawyers in 59 offices in 33 countries, including 400 working in the power sector of whom close to a 100 are in the United States.  The prestigious Chambers directory has consistently ranked the Chadbourne project finance team at the top of the US renewable energy market based on year-round interviewing of corporate law departments and peers at other firms.  The group did $53.5 billion in financings in the last two years.   Approximately 60% of the work of the group in each of the last 11 years has been in renewable energy. The group has worked on projects in more than 80 countries.

PWC

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Tax and accounting? Sure. But also corporate renewables insights, energy transformation, operational improvements, business strategy, asset management, and  securitization planning. We have worked with emerging as well as established companies across the renewables value chain and have an in-depth understanding of a broad range of industry issues. Want to work with a firm that is well equipped to help corporations invest in, deploy, and maintain renewables? Talk to PwC for the whole conversation about where renewables are heading. We have specialists that can help you across the globe.

CAC Specialty

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With a knowledge-driven approach informed by industry data and decades of honed instinct, CAC Specialty brings an innovative vision to insurance broking to solve your risk challenges – from the simple to the previously unsolvable. CAC Specialty is an integrated specialty insurance brokerage and investment banking business focused on providing subject matter expertise and placement capabilities across the spectrum of insurance and alternative capital markets.

CAC Specialty provides a cohesive team across all disciplines to help you take a project from early-stage concept and development through completion. CAC Specialty’s Tax Insurance team is composed of tax attorneys who combine their technical expertise, industry experience, and business acumen to craft innovative and unique renewable energy tax insurance solutions. CAC Natural Resources has a strong team with a proven reputation for exemplary client service within our industry verticals: Oil & Gas (Upstream, Midstream, Downstream), Power, Utilities and Renewables, Mining and Metals, and Surety.

Crux Climate

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Crux is the ecosystem for developers, tax credit buyers, and financial institutions to transact & manage transferable tax credits. Our network & tools streamline transactions, provide access to a large market, and reduce risk & increase trust.

Empact Technologies

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Empact Technologies maximizes the impact of clean energy project tax incentives with the industry’s premier IRA management platform. Empact combines proprietary SaaS technology with professional services to ensure regulatory compliance, secure project construction financing, and protect investors from IRS recapture risk.

Empact works with EPCs to proactively identify and manage IRS regulatory requirements for prevailing wage and apprenticeship compliance issues before they impact tax credits. Collaborating with steel, iron, and major equipment suppliers ensures domestic content tax incentive qualification. Empact also supports developers to confirm energy community and low-income community qualification.

Empact enables successful transactions by reducing investor-required protections. When tax credits are sold, Empact protects the tax credit investor from recapture audit risk by maintaining a comprehensive compliance data repository for the full ITC or PTC tax period.

Empact offers a complete turnkey experience for developers to create community benefits, implement project-level ESG, sustainability, and supplier diversity, while managing project execution risk.

Enel North America, Inc.

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Enel North America is a leading energy and sustainability partner for organizations with decarbonization goals. Our Advisory Services serves 350+ clients worldwide, of which 55% are Fortune 100 companies. Our expert advisors come with an average of over 18 years of energy industry experience. Using an end-to-end integrated approach that combines our deep expertise and cutting-edge digital tools, we develop highly customized decarbonization strategies that meet your specific organizational needs and help reduce your carbon emissions quickly and efficiently. As a one-stop solutions provider, we can support companies at any stage of their sustainability journey, from starting out to becoming more advanced.

Our holistic portfolio of decarbonization services includes:

• Calculating and tracking emissions
• Designing and executing customized decarbonization plans
• Implementing the strategy and emissions reduction activities
• Addressing mandatory and voluntary emissions reporting

We are committed to helping businesses achieve their decarbonization goals and build a more sustainable future. Contact our Advisory Services team today to learn more about how we can help you.

Foss & Company, Inc.

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Founded in 1983, Foss & Company is a national tax equity investor and fund sponsor that has deployed nearly $8 billion in tax equity on behalf of insurance, banking, and other large corporate clients into tax credit enhanced transactions including historic rehabilitation projects, renewable energy and advanced energy production facilities. Foss & Company is a full-service advisor with proven expertise navigating the world of tax equity investments. For additional information, visit www.fossandco.com.

LandGate

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LandGate is the leading provider of information, data solutions, and an online marketplace for US commercial land resources: solar, wind, carbon, oil & gas, minerals, and water. The company helps landowners, real estate agents, investors, and developers understand energy and environmental resource values and transact on its online marketplace. LandGate’s platform applies its technology to provide deals, leads, data, analytics, and web apps to substantially reduce investors costs.

LandGate has a differentiated product advantage built on highly automated data tasks and the digitization of land resource valuations. The network effect builds with landowners and real estate agents who can easily list land resources for lease or sale on the online marketplace. It also provides a cost advantage for energy and environmental investors/developers who can more efficiently access deals.

Lockton Companies

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Lockton is a global insurance brokerage that helps clients mitigate risk through strategic advisory and partnership. What makes Lockton stand apart is also what makes us better: independence. Lockton’s private ownership empowers its 9,500+ Associates doing business in over 135 countries to focus solely on clients’ risk, insurance and people needs. With expertise that reaches around the globe, Lockton delivers the deep understanding needed to accomplish remarkable results.

Monarch Private Capital

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Monarch Private Capital manages ESG funds that positively impact communities by creating clean power, jobs and homes. The funds provide predictable returns through the generation of federal and state tax credits. The Company offers innovative tax credit equity investments for renewable energy, affordable housing, historic rehabilitations, film and other qualified projects. Monarch Private Capital has long-term relationships with institutional and individual investors, developers and lenders that participate in these types of federal and state programs. Headquartered in Atlanta, Monarch has offices and professionals located throughout the U.S.

Schneider Electric

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Schneider Electric’s Energy & Sustainability Services helps thousands of companies in more than 100 countries buy energy smarter, use energy more efficiently, and drive sustainable growth.

ESS’ Renewables & Cleantech team is a pioneering global supplier of renewable energy and clean technology products and services—including the New Energy Opportunities (NEO) Network™—for the C&I sector. For more than 15 years, the team has been providing unparalleled experience and expertise on strategic renewable energy procurement. The ESS team has advised on more than 4 GW of new wind and solar capacity and is the recognized global leader in cleantech consulting, serving more clients than any other procurement advisor, worldwide.

Contact us to learn more about how strategic renewable PPAs can accelerate your energy goals.

Skadden

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Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates delivers the highest quality advice and novel solutions to legal challenges, enabling clients to achieve their business goals. We are known for the innovative and creative thinking we rely on to handle the most complex transactions, litigation/controversy issues, and regulatory matters, as well as the open, collaborative relationships we build with clients, including corporations; financial and governmental entities; small, entrepreneurial companies; and cultural, educational and charitable institutions.

Atheva

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Atheva is the marketplace for buying and selling green tax credits that maximizes value for all parties. Federal tax credit transferability is causing significant shifts in the tax equity landscape. Atheva’s mission is to lead the charge in this area, enabling transferability to become the leading method of tax credit monetization. Providing a layer of discovery, price efficiency, and legal safety, Atheva’s modern web marketplace allows buyers and sellers to maximize value for assets while significantly reducing time and cost to transact. For sellers, we make it easy to list a credit and provide a bidding mechanism so that sellers can be paired with the buyer who has the highest purchase price. For buyers, we make it easy to search for the credits, review information about the credits and to bid.