"The biggest obstacle to renewable energy growth in the U.S. is the availability of tax equity investment supporting project construction. There is not nearly as much tax equity investment as is needed to support financing and building all of the renewable projects in development. As a result, the pace of project financing and construction is being severely constrained."
In a recent Industry Current published by Power Finance & Risk, Elias Hinckley,partner and leader of the energy group at Sullivan & Worcester in its Washington, D.C., office, argues that a swath of new investors in the tax equity market could herald a period of unprecedented growth in renewable project development.
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