Novogradac Energy Conference in DC Highlights Finance & Tax Trends and -Election Tea Leaves
Foley was excited to again co-sponsor Novogradac’s Fall Renewable Energy Tax Credit Conference on November 6-7. Washington, D.C., was the perfect venue for the event as industry participants convened just days after the 2024 election.
The election results and the implications for energy, tax, and regulatory policy was front-and-center, but we also noted a strong current of confidence that, regardless of the election results, renewable energy and energy storage maintains bipartisan support in red and blue states alike, as well as with Washington policymakers.
In addition to the election, the conference facilitated engaging discussion on the renewable energy sector’s trajectory generally over the last year, touching on everything from project development best practices and emerging technologies to tax equity, debt, and tax credit transfer market updates.
A notable panel session on Debt, Cash, and Equity Financing Trends (pictured above) featured Foley’s Annie Tsai alongside representatives from Generate Capital, Seminole Financial Services, KeyBanc Capital Markets, Marsh, and Syncarpha Capital. The panelists shared insights into current debt and cash equity structuring as well as the direction of interest rates and equity yields.
After the first day of the conference, Foley welcomed conference attendees to its Washington, D.C., office on the Georgetown waterfront for an evening reception that included a fireside chat with Capitol Hill insider Bill Ball, a Foley alum who is currently a senior energy advisor to Speaker of the House of Representatives Mike Johnson.
Although Congress was out of session, Ball joined us and provided a deep dive into the Republican leadership’s anticipated priorities for 2024, focusing on energy incentives, infrastructure developments, and budgetary planning. His remarks put the conference’s chatter in context, adding on-the-ground insights into the legislative minutiae that awaits a new Congress and a new administration.
The conference and reception underscored the renewable energy sector’s growth and continued momentum and highlighted the interplay between energy sector innovation and smart policy.
The Foley team continues to monitor developments in and outside of Washington that are critical to business decisions for the developers, financiers, and investors in energy infrastructure. Please reach out to one of our team members if you have any questions.
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