Tax Equity Financing Lures Corporations To Renewables

Law360, New York (March 6, 2012, 3:33 PM EST) -- In December, a utility-scale solar project in California got a $94 million lifeline to help it finish construction and plug into the Sacramento municipal grid. The money didn't come from a deep-pocketed Wall Street firm but from tech giant Google Inc., under a little-used tax structure that could be the next boost for renewable energy development.

Hoping to spur more corporations to follow in Google's step, the White House will host representatives next week from 79 of the country's biggest companies to discuss the investment structure,...
To view the full article, register now.