Novogradac 2023 Spring Renewable Energy and Environmental Tax Credits Conference

Agenda

Agenda is subject to change.

Please note: Agenda is in Pacific Time.

WEDNESDAY, MAY 17, 2023

9:00 am - 4:00 pm

Project Finance Primer [in-person only]

Gain an overview of the primary tax incentives for renewable energy, most common ownership structures and the most relevant IRS tax rules. Project finance specialists walk through a sample partnership flip model and inverted lease model and also discuss financial reporting issues common to renewable energy transactions. Get updated on the state of the renewable energy market, GAAP hot topics, diverse technologies in the clean energy world and more.

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THURSDAY, MAY 18, 2023

8:00 am - 9:00 am

Networking Breakfast

9:00 am - 9:05 am

Conference Welcome

Conference chair Nat Eng welcomes attendees and sets the table for two days of education, productive dialogue, networking and more.

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Speaker: Nat Eng, Conference Chair & Partner, Novogradac

9:05 am - 10:20 am

Washington Report

The Inflation Reduction Act was signed into law in August 2022, finally delivering the legislation the clean energy community sought. However, industry professionals are still awaiting critical guidance from Treasury with respect to many outstanding questions. The panel of experts will provide updates on events happening in D.C., in addition to discussing the substance and timing of the guidance industry experts expect to receive from Treasury.

Tracks:

10:20 am - 10:30 am

Networking Break

10:30 am - 12:00 pm

Monetizing Tax Credits: Tax Equity, Transferability

Panelists discuss the current tax equity marketplace, including a new IRA provision allowing for the transfer of tax credits–a market that is currently evolving.

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12:00 pm - 1:30 pm

Networking Lunch

1:30 pm - 2:30 pm

Debt Financing Insights

Our panel of experts provide insight on what’s happening in the debt markets, including a discussion of financing structures/products that satisfy the evolving needs of developers and sponsors in an environment with increased energy tax incentives provided by IRA. The discussion will include bridge loans of transactions using transferability and direct pay provisions and underwriting merchant risk in power purchase and energy storage agreement.

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2:30 pm - 2:45 pm

Networking Break

2:45 pm - 3:45 pm

Sponsors Speak Out

Developers and sponsors in the renewable energy space share insights on current trends. With the Inflation Reduction Act and the introduction/expansion of incentives, where is the marketplace headed? Panelists discuss opportunities going forward for the sponsor equity market and look at the impact of IRA and overall availability of capital. There will be a discussion of development issues, including supply chain difficulties, satisfying prevailing wage and apprenticeship requirements, the PTC-ITC debate and issues involving mergers and acquisitions and private equity.

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3:45 pm - 4:00 pm

Networking Break

4:00 pm - 5:00 pm

IRA Technical Tax Issues

A deep dive into IRA provisions from a technical tax perspective. Industry experts discuss direct pay provisions, new structures, combining credits, etc.

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5:00 pm - 6:30 pm

Networking Reception

FRIDAY, MAY 19, 2023

8:00 am - 9:00 am

Networking Breakfast

9:00 am - 9:55 am

New Technologies: Attracting Capital

A host of new clean energy technologies have created the opportunity for plenty of new developments, but how do you prove bankability and attract investors? Learn ways to capture the attention of investors and what makes new investments attractive to capital.

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9:55 am - 10:00 am

Networking Break

10:00 am - 10:55 am

Navigating the Adders

The IRA included provisions for additional tax credit bonus percentages related to domestic content, environmental justice and energy communities. While the IRS has provided some guidance, at this point, there are still more questions than answers. Hear our panel of experts discuss how sponsors and investors are underwriting projects given the lack of guidance from Treasury.

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