“On Crux, we’ve seen more than US$4 billion of bids so far this year, and pricing is healthy across credit categories,” said Alfred Johnson. Image: Arevon Energy.
Liquidity is rising at a surprising pace in the US tax credit transferability market for clean energy, which is helping lenders to become increasingly comfortable with this novel marketplace, according to members of the legal and financial industries.
This was the opinion of Fred Petit, co-head of power and infrastructure in North America at Investec, who spoke at a webinar led by law firm McDermott Will & Emery on structuring and intercreditor dynamics in tax credit transfers. He noted that the environment for these new deals is becoming increasingly attractive as liquidity is opening “by the week,” specifically on the deals on which Investec is working.
(The above content is reproduced from pv-tech，By Tom Kenning）
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