US Renewable Deals Hit Snags as Insurers, Banks Wait for Rules, Bloomberg Law

Partner Casey August spoke to Bloomberg Law to discuss how uncertainty surrounding the foreign entity of concern restrictions on clean energy tax credits is affecting project financing and tax credit transactions.

Casey highlighted how evolving market conditions and unresolved regulatory questions are complicating due diligence efforts for clean energy developers, investors, and insurers as they await additional guidance from the US Department of the Treasury and the Internal Revenue Service.

“The market is changing on a daily basis,” he said of the due diligence needed for clean energy project financing.

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