John Marciano Quoted in Bloomberg Story Impact of Tax Law Impact on Financing Renewables

Akin Gump global project finance co-head John Marciano has been quoted in the Bloomberg story “How Trump’s Tax Plan Made It Harder to Finance Renewables.” The article reports that many companies, especially clean energy developers, are having a harder time seeking tax-equity deals following the enactment last month of the new tax law.

According to Marciano, at least $3 billion in potential deals are on hold for this type of financing. Tax equity, the article notes, is a critical source of renewable financing, totaling about $12.2 billion in 2016.