Sam Kamyans Quoted in Power Finance & Risk on New Guidance for Carbon Capture Tax Credits

Power Finance & Risk has quoted Akin Gump corporate partner Sam Kamyans in the article “‘Execution mode’ – Tax equity scopes out carbon capture tax credits.” The article reports on new guidance from the Treasury Department pertaining to its Section 45Q carbon capture tax credits.

According to the article, the timing of the guidance could play in the industry’s favor, since it comes as tax credits for solar and wind projects are being phased out. This, the article says, presents new opportunities for established tax equity investors, though some investments may be delayed due to the coronavirus pandemic.

“Two major tax equity investors view the proposed regulations as resulting in a bankable credit, but they are pausing definitive commitments, which is unfortunate," said Kamyans. “Tax equity has modelled the credit, and they are actively evaluating new deals, but remain in wait-and-see mode due to the current pandemic. I don’t think they will make any commitments this year, but hope to be wrong.”