January 19, 2023

Quarterly Considerations Q4 2022

2023 is set to be a year of many firsts in sustainable finance. We will likely see the first tax credit transfer deals and gain an understanding of initial pricing. The first tax equity or credit transfer transaction for a carbon capture, utilization, and storage (CCUS) project will likely close in Q1 or early Q2 2023, setting deal structure precedent for the emerging technology. The first standalone storage deals should also close since the creation of the ITC for standalone storage projects under the IRA.