The Finance and Investment Landscape for Solar and Co-located Storage

Synopsis

• Where are the opportunities for lenders in this new IRA era? Will debt finance play a bigger or a smaller role?
• Will tax equity become a more prominent mechanism of connecting capital with projects in the years ahead?
• How has banking and interest rate instability impacted solar transaction financing and what do we expect going forward?
• Are investors allowing project level debt or just back leverage? And with tax equity’s role taking a larger portion of the capital stack change, does this alter the perspectives of investors?
• How much of a role do we expect transferability, direct pay and PTCs to play in financing the future of solar projects in the US?
• Are increases in cost of capital, equipment and energy affecting the returns lenders and investors are expecting?
• What can be done to bring down the cost of capital?