The U.S. wind energy industry is poised for an aggressive upward trajectory over the next 5-10 years, driven by ambitious announcements in offshore wind and buoyed by sustained interest in onshore developments. Major capital investment will be targeting U.S. wind assets and projects in the very near future.

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June 15, 2018 In: In The News, Project Finance, Tax Equity

Nick Knapp speaks with Fotios Tsarouhis at Power Finance & Risk in part one of a three part series about his time so far as President, as well as his thoughts on renewable energy, project finance and overall market trends in solar, wind and storage. Read Part One of this Q&A piece by clicking here.

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June 01, 2018 In: In The News, Project Finance, Tax Equity

Power Finance & Risk spoke with Principal & Managing Director, Conor McKenna, to discuss current tax equity deals and utility involvement in the market. PFR reported that tax equity investors and advisers are gearing up for a spate of deals from the regulated utility sector, which is facing a shortfall in tax liabilities to offset with credits in the wake of last year’s U.S. tax reform.The provisions in the “Tax Cuts and Jobs Act”—especially those relating to bonus depreciation—have had a number of implications for regulated utilities, resulting in a potential bonanza for third-party tax equity investors. “Right now utilities are fighting with one hand tied behind their back,” says Conor McKenna, principal and managing director at CohnReznick Capital in New York. “They are at a disadvantage relative to other buyers in the market because they are not able to optimally utilize the tax benefits inherent to renewable energy projects due to...

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Recurrent Energy, a wholly owned subsidiary of Canadian Solar Inc. (“Canadian Solar”) (NASDAQ: CSIQ), announced that it has closed on debt and tax equity financing for a 102 MW-DC/74.8 MW-AC project in North Carolina. The NC 102 project is currently under construction in Cabarrus County, in the South-Central part of the state, and Recurrent Energy expects to put the plant online in the third quarter of this year. CohnReznick Capital was pleased to have advised Canadian Solar in the financing of the NC 102 project. This was the third such successful financial advisory engagement with Canadian Solar. Prudential Capital Group will provide a $107 million debt facility, and the U.S. Bancorp Community Development Corporation (USBCDC) is making a tax equity investment under a separate agreement. To read the full press release, click here.

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Congratulations to all the winners of this year’s Power Finance & Risk Awards. CohnReznick Capital is #CohnReznickProud to have been awarded three new awards: Tax Equity Advisory Firm of the Year (2017) CohnReznick Capital North America M&A Deal of the Year (2017) AES Corp. & AIMCo — Acquisition of sPower Sell-side Financial Advisor: CohnReznick Capital North America Renewables Project Finance Deal of the Year (2017) sPower — Wind and Solar Portfolio Private Placement Financial Advisor: CohnReznick Capital For more information on all the awards and their winners, click here. We thank our industry colleagues and clients for this honor and continue to look forward to breaking through new opportunities to advance the U.S. renewable energy industry.

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