Antony Joyce is a Tax Insurance Specialist in the Transactional Risk Practice at Marsh based in the New York office and practice leader for all tax insurance placements in the renewable energy sector.
Transactional Risk and Marsh’s US Power & Renewables Industry Practice work collaboratively to help clients manage risk with the common goal of promoting the energy transition toward net-zero carbon. Antony designs cost effective tax risk mitigation solutions to facilitate M&A activity, to aid the financing of renewable energy and low carbon projects, and to risk manage balance sheet tax exposures including concentrated indemnity risk. Antony has deep credentials in crafting tax insurance solutions for solar, storage, onshore wind and bio fuels, and is heavily involved in the development of tax insurance for carbon sequestration and offshore wind. He is particularly focused on ensuring optimal alignment between policy terms and renewable energy transaction lifecycles and documentation thereof. With a tax focus throughout his career, Antony is a former tax practitioner with 20 years of investment banking experience and the last 12 years thereof at a preeminent tax equity and lender financial institution.
The passage of the Inflation Reduction Act brings an array of opportunities to the solar energy sector. However, for Risk Managers, the Act also ushers in challenges: new strings attached to tax credits, new competition for the inflow of capital, and a new, likely faster pace for deals. This session will focus on the continued maturation of the renewable energy industry and how the Act may both accelerate and undermine the journey. Panelists will discuss the overall risks to the energy sector and complexities of the Act from a risk management perspective.