Schultz: Clients paused clean energy deals to shift from ITC to PTC
Kayla Schultz · How the US climate bill will finance the energy transition [partner content] · Oct 24, 2022 · at 1:53
Kayla Schultz is a partner at CohnReznick advising corporations on renewable energy tax accounting and financial structuring.
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“After it passed the Senate, I think there was, you know, some of my clients started putting deals a little bit on pause so they could rerun the numbers. For example, I had one client that was entering into an ITC transaction, had already had most of the negotiations with the tax equity investor, And then all of a sudden they're wanting to run it in a PTC scenario, and that kind of put things on pause with that project for a while.”
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